Solana Price Prediction: SOL Tests $120–$130 Support as Analysts Flag Downside Risk Below $120

Solana price trades near the crucial $120–$130 support zone as bearish sentiment and technical pressure persist, with participants watching closely to see whether price holds or breaks lower.

Solana price continues to trade under pressure as the price consolidates near the $125 level, a zone that has increasingly come into focus amid growing bearish sentiment across the market. While some investors view the pullback as an opportunity, multiple market watchers caution that technical structure has yet to show convincing signs of strength.

With sentiment deteriorating and price struggling to reclaim key levels, SOL’s near-term direction remains closely tied to how it behaves around current support.

Bearish Sentiment Returns as SOL Faces Renewed Criticism

Market sentiment around Solana has turned increasingly negative, a shift highlighted by Immortal. One widely shared post noted that broader market hostility towards SOL has resurfaced, framing the current pullback as another phase of pessimism rather than outright capitulation.

Market sentiment around Solana turns negative again. Source: Immortal via X

Historically, such sentiment extremes have often coincided with late-stage corrections, though sentiment alone does not confirm a price bottom. Instead, it adds context to the broader risk environment surrounding SOL at current levels.

Macro Outlook Adds Pressure to Altcoins

Broader market risk has also weighed on Solana. A report shared by Coin Bureau referenced Fundstrat’s outlook for a potential crypto market correction in the first half of 2026. Under this scenario, downside targets for major assets were outlined, including a $50–$75 range for Solana.

While these projections represent a base-case scenario rather than a definitive forecast, they have contributed to caution across the altcoin market. Analysts emphasize that such macro views are conditional and depend heavily on broader liquidity and risk sentiment.

Fundstrat outlines bearish downside scenarios for major crypto assets. Source: Coin Bureau via X

Descending Channel Keeps Downside Risk Active

From a technical perspective, analysts remain cautious. According to Crypto Chiefs, Solana is still trading within a descending channel, suggesting that the broader trend remains under pressure. The analysis noted that if the channel continues to hold, SOL could still explore levels below $120 before encountering stronger support.

Solana price trades inside a descending channel with downside risk below $120. Source: Crypto Chiefs via X

This structure reinforces the importance of the current support zone, with price behavior here likely to dictate whether SOL stabilizes or extends lower in the near term.

Rejection Scenarios Remain in Focus Below $126

Adding to the cautious Solana outlook, Trader Chase highlighted that continued trading below the $126 level keeps bearish scenarios active. His chart shows SOL Solana price struggling beneath descending trendline resistance, with the potential for further downside if price fails to reclaim key overhead levels.

SOL remains capped below descending resistance. Source: Trader Chase via X

While the analysis outlines bearish continuation risks, it remains conditional on price action. A strong reclaim above resistance would be required to invalidate the current structure.

Solana Technical Analysis

As of December 21, 2025, Solana is trading around $125, sitting just above a key support zone between $125 and $120. This area is acting as the primary demand region on the chart. If this support continues to hold, SOL could see a recovery move towards the $133 level, followed by the $140 resistance zone.

Solana current price is $125.69, down -0.14% in the last 24 hours. Source: Brave New Coin

However, a clear breakdown below $120 would weaken the structure. In that scenario, downside targets shift towards $111 initially, with $100 as the next major psychological level. Below that, the $90 region stands out as the next key support zone based on prior price reactions.

Final Thoughts

Solana price is navigating a technically sensitive period as price consolidates near the $120–$130 support zone amid bearish sentiment and unresolved structural pressure. While current levels have drawn attention from participants, confirmation through price action remains essential.

A sustained break below support could expose SOL to deeper downside, while holding this region may allow for some recovery. Until a clearer structure emerges, Solana’s outlook remains conditional, with participants closely watching how the price reacts around these key levels.