Solana Price Prediction: Critical Support Test Could Decide 300% Rally

Solana sits between two very different chart signals right now. While one analyst sees short term weakness toward support, another says the long term setup could still open the door to a major upside move.

Solana Rejection Near $87.87 Keeps Focus on $78.76 to $81.65 Support

Solana failed to hold gains near a key upside target, and that rejection shifted attention back to a lower support zone, according to chart analysis shared by More Crypto Online on X.

The analyst said SOL nearly reached the $87.87 target area before sellers pushed the price lower. As a result, the move higher still looks corrective rather than a strong trend reversal. In Elliott Wave terms, that means the bounce has not yet shown the kind of strength that would confirm a broader breakout.

The 1 hour chart showed SOL trading near $83.46 after the rejection. It also marked resistance near the recent high and identified a support region between $78.76 and $81.65. That area now stands out as the next key zone for price action.

More Crypto Online added that the rise into resistance did not form a clear five wave move. Therefore, the analyst said the structure remains weak and still leaves room for further downside or a deeper wave two correction before any stronger upside attempt can develop.

The chart also showed short term micro support above the broader support band. Even so, the wider focus remains on whether SOL can hold the $78.76 to $81.65 region. If that area fails, the bearish case in the current setup would likely grow stronger.

At the same time, the chart showed that the recent bounce stopped below the next higher resistance zone near $87.87 to $89.75. That means bulls did not reclaim the upper level needed to shift the short term structure into a clearer bullish trend.

For now, the analysis suggests Solana remains in a fragile position after the rejection near resistance. The price has not broken down yet, but it also has not delivered the kind of impulsive rally that would weaken the corrective view. Until SOL prints a cleaner five wave advance, the setup continues to point to caution and keeps the support zone in focus.

Solana Chart Points to 300% to 400% Upside if Long Term Support Holds

A long term Solana chart shared by trader Don on X shows a bullish setup that could open the way for large gains if support remains intact. The chart, based on the 1 day timeframe, places SOL at a current price of about $86.11 while projecting a possible move toward higher resistance levels.

SOL/USD 1 Day Chart. Source: Don on X

The analysis shows Solana trading above an upward sloping support trendline that has held the broader structure together since late 2023. At the same time, the chart marks a descending resistance line overhead, with a target near $227.12. That level would represent a major breakout area if SOL continues to hold its current base.

Don said Solana could deliver 300% to 400% gains if support holds. The chart also shows a higher long term target near $407.06, suggesting the analyst sees room for a much larger upside move if SOL breaks above the descending trendline and sustains momentum.

For now, the setup depends on whether Solana can stay above the rising support zone. If that structure remains intact, the chart keeps the bullish outlook alive. However, the projected move still depends on confirmation from price action, especially as SOL trades below the key resistance trendline.