Solana (SOL) has been trading within a narrow price range in recent days, with the $81.30 level emerging as the next critical support in the short term. According to market analysts, Solana’s technical outlook is weakening on the weekly chart; if the current range cannot be defended, the price could plunge as low as $30.
Sideways movement persists in the short term
On the four-hour chart, Solana continues to move sideways. Analysis shared by More Crypto Online on X (formerly Twitter) indicates that downward pressure remains in the short term.
SOL/USD is currently trading near $84.44. After previously failing to maintain momentum above $96, Solana has retreated and now sits in the middle of its trading range.
The analyst commented, “At this stage, we do not see a clear bottom forming. Therefore, $81.30 stands out as the next strong support level.”
The chart also shows main support zones aligning with Fibonacci retracement levels at $77.96, $75.41, and $71.92. If the $81.30 band fails to hold, these lower levels may come into play as the next potential support points.
On the upside, any bullish move would first require SOL to reclaim the $96 level. Sustained price action above $96 could spark a fresh rally, activating the scenario for the next C-wave up, according to chart signals.
In a bullish scenario, the initial target is set at $110.55, which could further extend to $120.47, $126.96, and $138.45. However, achieving these targets depends entirely on whether buyers can regain control of the market.
For now, Solana is lacking a clear sign of strength, and the price continues to oscillate while repeatedly testing key support levels.
Weekly chart hints at risk of $30
Longer-term technical signals for Solana appear weaker. In weekly analysis posted by Justin Bennett on X, the possibility of SOL falling to $30 is highlighted as a significant risk.
SOL/USDT still trades near $84 per week. Even as the price has been flat for weeks, the general trend since the early 2025 highs has remained negative, and the price sits below previously broken resistance lines that marked the start of the last downtrend.
According to Bennett’s analysis, “Solana is moving within a large ascending channel. The upper trendline brought resistance during previous rallies, while the lower trendline now acts as support around the $30 zone.”
Bennett’s chart suggests the current price is consolidating before a possible second leg down. If Solana loses its current range, it is expected to fall toward the channel’s lower boundary at $30.
Whether Solana can retake the upper resistance band between $120 and $140 will be the main determining factor in the coming weeks. Failure to reclaim this region will keep downward pressure on the weekly trend.
The risk of a downward move currently dominates price action, but a strong reaction at support zones could weaken this bearish outlook.
Solana, launched in 2020, is a blockchain project designed for high-throughput transactions and decentralized applications. With its speed and low transaction fees, Solana has developed a strong community and is frequently mentioned as a leading alternative to Ethereum.
Mini glossary: Fibonacci levels are mathematical ratios often used in technical analysis to identify likely support and resistance areas within price charts.
| Price Zone | Short-term Significance | Long-term Significance |
|---|---|---|
| $81.30 | Critical support | Bottom of the range |
| $96 | Main resistance | Trigger for rally |
| $30 | Not a key short-term support | Channel base support |
| $120-$140 | Bullish target | Trend reversal area |
