Solana Price Prediction: SOL Breaks Multi-Month Downtrend as $160 Reclaim Comes Into Focus

Solana price is showing early signs of structural improvement after breaking out of a multi-month downtrend, with price now trading near the $134–$135 region. The move has drawn renewed attention from traders as both technical structure and on-chain activity begin to align more constructively.

This shift in momentum comes as broader crypto markets remain range-bound, placing greater focus on individual assets showing relative strength. For Solana, the combination of trendline breaks, improving momentum indicators, and rising on-chain volumes is shaping a more optimistic near-term outlook.

Solana Breaks Downtrend

From a technical perspective, Solana has recently pushed above a descending trendline that has capped price action since October. Crypto analyst CryptoCurb highlighted that SOL is “breaking out of the downtrend since October,” noting that this move marks the first meaningful change in structure after months of lower highs.

Solana breaks above a multi-month descending trendline. Source: CryptoCurb via X

On the price chart, SOL is now holding above the $130–$132 region, an area that previously acted as resistance during the downtrend. This level has flipped into short-term support, suggesting that sellers are losing control at these prices. As long as SOL holds above this zone, pullbacks may be treated as corrective.

Support Holds Near $125

Market participants are also paying close attention to the strength of the current support base. Analyst Degen_Hardy noted that SOL has “held this support for almost two months,” adding that the structure is gradually improving rather than deteriorating. His chart highlights a well-defined demand zone between $120 and $125, where buyers have consistently stepped in.

Solana holds firm above the $120–$125 support zone, keeping upside scenarios towards $150–$160 in focus. Source: Degen_Hardy via X

From a risk perspective, this zone remains critical. A sustained move below $120 would weaken the bullish case and reopen downside risk towards the $110 area. However, as long as SOL remains above this support, the probability favors consolidation or continuation higher rather than a renewed selloff.

On the upside, participants are watching the $145–$150 region as the next resistance cluster, followed by a more decisive level near $160. A daily close above $160 would mark a broader trend shift, aligning with previous high-timeframe resistance.

On-Chain Volume Signals Structural Strength

Beyond price action, The Kobessi Letter highlighted a major structural shift taking place beneath the surface. According to their data, Solana’s on-chain spot volume officially overtook nearly all off-chain exchanges in 2025, reaching approximately $1.6 trillion.

Solana’s on-chain spot volume surges to $1.6T. Source: The Kobessi Letter via X

Since 2022, Solana’s on-chain volume has expanded from just 1% of total crypto trading activity to nearly 12%, reflecting a significant migration of activity directly onto the network. The Kobessi Letter also noted that Solana surpassed major centralized venues such as Coinbase Global and Bybit in total volume, while Binance’s market share has declined notably over the same period.

This on-chain dominance adds an important layer to any Solana price prediction, as rising organic network usage often supports longer-term valuation.

Treasury Behavior Hints at a Local Bottom

Adding further context, famous analyst TedPillows suggested that Solana treasury-linked stocks may be signaling a local bottom. His analysis shows that selling pressure from treasury-related entities has slowed significantly, a pattern that historically aligns with exhaustion phases in broader corrections.

Solana-linked treasury stocks show slowing sell pressure, a pattern that has historically signaled local bottoms and accumulation phases. Source: TedPillows via X

Ted’s chart compares multiple Solana-related equities and instruments, highlighting how similar drawdowns in past cycles eventually resolved into accumulation ranges before stronger directional moves emerged. While he cautions that this does not guarantee immediate upside continuation, the reduction in persistent selling pressure removes a key risk factor that had weighed on SOL during its decline.

Price Predictions and Outlook

Short-term projections for Solana remain mixed, largely dependent on whether SOL can sustain acceptance above its broken downtrend and key support zones. As of now, holding above $125 keeps the structure constructive, while a clean move through $150 could accelerate upside momentum toward higher resistance zones.

Solana current price is $134.50, up 1.54% in the last 24 hours. Source: Brave New Coin

Longer-term Solana price prediction scenarios vary widely. More conservative outlooks focus on gradual recovery toward previous consolidation levels, while optimistic projections factor in continued on-chain growth, ecosystem adoption, and expanding real-world usage. In stronger macro conditions, some models explore paths back towards the $200 region, though such outcomes depend heavily on sustained volume confirmation and broader market participation.

Final Thoughts

Solana’s current setup reflects a convergence of improving technical structure, declining sell pressure, and expanding on-chain activity. While the asset is still recovering from a prolonged correction, the combination of trendline breaks, defended support, and organic network growth suggests that downside risks have moderated.

For now, market watchers remain focused on whether the Solana price can continue building above its current base. Acceptance above key resistance levels would strengthen the bullish narrative, while failure to hold support would delay broader recovery expectations.