Solana Price Prediction: SOL Targets $190 Bounce from Key Support Zone
Solana finds its footing—and traders are eyeing a swift rebound toward $190.
The network's native token, SOL, has carved out a critical support level after recent volatility. Technical charts now suggest a clear path upward if buyers step in at current prices. Analysts point to robust on-chain activity and resilient developer engagement as fundamental tailwinds, even as broader markets wobble.
Why $190 Matters
That price point isn't just a round number—it represents a major psychological and technical resistance zone. A clean break above it could trigger a wave of algorithmic buying and reignite bullish sentiment across social feeds. The move would signal a decisive recovery from the recent dip, potentially setting the stage for a test of higher levels.
Speed vs. Stability
Solana's core narrative has always been about blistering transaction speeds and low costs. That advantage becomes a double-edged sword during sell-offs, as the chain's performance becomes a focal point. Yet, the ecosystem's ability to handle volume during rallies remains its standout feature—a fact not lost on institutional decks now peppered with SOL analysis.
Of course, in crypto, a 'key support level' is just where the last guy decided to panic sell—until it isn't. The path to $190 looks clear, provided the usual circus of macro fears and influencer whims doesn't derail the momentum. Watch for volume; it rarely lies.
TLDR
- SOL defends the $119–$120 demand zone within a descending channel structure.
- Weakening sell volume hints at short-term seller exhaustion near support.
- Weekly cycle support opens room for a corrective bounce toward $170–$190.
- Reclaiming $123–$126 is key to confirming near-term bullish momentum.
Solana (SOL) remains under technical pressure after a prolonged pullback, with price now testing a critical demand zone. Short-term charts suggest sellers are losing momentum, while higher timeframes point to a possible relief rally. Analysts are assessing whether current support can trigger a rebound toward higher resistance levels.
Solana Price Holds Descending Channel Support
According to analyst The Cryptomist, the 30-minute SOL against USD chart shows a well-defined descending channel that has guided price action since early December 2025. Lower highs along the upper trendline highlight sustained selling pressure, while the lower boundary NEAR $120 continues to attract buyers. This repeated defense of support suggests that downside momentum may be weakening.
Volume behavior adds context to this setup. Downside volume spikes have gradually tapered, indicating potential seller exhaustion rather than aggressive distribution. Price consolidation around $121 reflects a decision point, where a confirmed bounce could shift short-term bias. Without volume expansion, however, any recovery may remain limited.
The analyst noted that a successful hold above $119–$120 could open a path toward $126. This level aligns with prior intraday resistance within the channel. A clean breakdown below support WOULD invalidate the setup and expose lower levels.
Weekly Structure Signals Critical Cycle Support Zone
Meanwhile, analyst Leviathan highlighted a wider perspective on the weekly chart. The structure shows a multi-year uptrend that peaked above $250 before transitioning into lower highs at key Fibonacci retracement levels. Price is now testing the $115–$120 zone, which has historically acted as a pivotal support zone.
The absence of a capitulation volume spike suggests the correction may still be unfolding rather than concluding. Declining volume since the cycle top reflects cooling momentum, typical of late-stage market phases. The 0.5 Fibonacci level has capped rebounds, reinforcing overhead resistance.
Despite the caution, Leviathan pointed to the possibility of one more corrective bounce. A reaction from current levels could extend toward $170–$190 before any structural breakdown. This scenario depends on renewed demand and improving market sentiment.
Intraday Dip Sparks SOL Price Bounce Expectations
Additionally, analyst crypto Tony focused on short-term volatility visible on the 1-hour chart. The recent decline from $131 to a wick low near $121.56 formed a potential reversal candle. Increased buying activity at the lows suggests sellers stalled near prior support.
Momentum indicators appear to be unwinding from oversold conditions. This setup favors a technical bounce if price reclaims the $123 level. The chart remains choppy, reflecting broader market indecision rather than a clear trend.
The analyst emphasized patience, noting that confirmation remains essential. Targets for a successful bounce range between $126 and $130. Failure to hold $120 would shift focus toward $118 as the next downside risk.
Overall, Solana price action reflects a market at a technical crossroads. Short-term stabilization and long-term cycle support are aligning, but confirmation remains pending. Traders continue to watch volume and key levels for directional clarity.
