Solana Price Prediction: SOL at Structural Crossroads With $60 or $120 in Play

Solana price is back at a critical crossroads, with price compressing near multi-year support on both USD and SOL/BTC pairs while institutional headlines inject fresh narrative into the market. According to Brave New Coin data, Solana is trading near $79.98, down just over 4% on the day, placing it directly beneath a key horizontal range that previously defined major market pivots.

The current setup reflects a market caught between structural weakness and long-term opportunity. On higher timeframes, SOL has broken below prior range support, while on lower timeframes, price is attempting to stabilize near $75–$80.

Solana price trades at $79.98, down -4.08% in the last 24 hours. Source: SOL price via Brave New Coin

SOL/BTC Pair Tests All-Time Key Support

A chart shared by Crypto Chiefs highlights that the SOL/BTC pair is now approaching an all-time ascending trendline that previously marked major cycle bottoms in 2021 and 2023. The structure shows SOL is testing important support at the 0.0010BTC level.

SOL/BTC pair tests the critical 0.0010 BTC multi-year ascending trendline that previously marked major cycle bottoms in 2021 and 2023. Source: Crypto Chiefs via X

Historically, this region has acted as a pivot for relative strength against Bitcoin. A successful defense here could trigger a rotation back into SOL dominance, while a breakdown would signal deeper underperformance versus BTC. This makes the SOL/BTC support zone one of the most important structural levels currently in play.

Solana Price Bullish Only Above $95

While long-term support is being tested, short-term structure remains fragile. Elja notes that SOL “looks weak below that horizontal range” and only turns bullish above $95. The analyst’s chart shows price breaking below a major horizontal demand block that previously served as support across multiple consolidation phases.

Solana remains weak below $95, with $75–$80 as support and $60–$65 as deeper demand. Source: Elja via X

That $95 level now acts as a reclaim trigger. Until SOL accepts back above it, rallies may simply represent relief bounces inside a broader corrective structure. Immediate support sits near $75–$80, while a breakdown opens room towards deeper demand around $60–$65.

Solana and Institutional Momentum

Beyond technicals, narrative catalysts are building. Solana’s official account reported that Goldman Sachs disclosed $108 million in SOL holdings, marking a notable allocation from one of Wall Street’s largest investment banks.

In a separate development, Citi represented a bill of exchange on-chain and executed its full lifecycle on Solana, from issuance to settlement. These developments reinforce Solana’s growing presence in institutional-grade experimentation and tokenized finance.

While headlines alone do not reverse bearish structure, they provide a long-term catalyst for Solana that could amplify upside if price confirms technical reclaim levels.

Structural Outlook: Triangle Compression and Macro Scenario

A longer-term projection shared moonbag shows SOL forming a large contracting triangle structure, with price potentially sweeping lower support before expanding aggressively higher towards $400. This scenario outlines a final retest towards the rising trendline before a projected breakout toward significantly higher levels.

SOL forms a large contracting triangle with a potential path toward $400. Source: moonbag via X

However, such projections remain conditional. For the bullish thesis to strengthen:

• SOL must defend $75–$80

• Reclaim $95 to invalidate near-term weakness

• Break above $110–$120 to confirm structural reversal

Failure to hold current support would likely extend consolidation or trigger deeper retracements.

Final Thoughts: Where Does Solana Price Go From Here?

Solana price is now operating inside a high-decision zone. On one side, SOL/BTC is pressing into multi-year support while institutional adoption headlines improve long-term narrative strength. On the other, price remains below reclaimed resistance levels, keeping short-term bias cautious.

If $75–$80 holds and $95 is reclaimed, Solana price prediction could target $110 and beyond, reopening a broader recovery structure. If not, deeper support levels may be tested before any sustainable upside emerges. For now, confirmation matters more than anticipation, as Solana balances structural risk with growing institutional relevance.