|

Solana Price Prediction: SOL eyes 15% gains despite looming death cross [Video]

  • Solana price is witnessing a triple bottom reversal pattern around $168.14, indicating a bullish outlook.
  • As SOL tags the support level for the third time, investors can expect a 15% ascent to $191.82.
  • A four-hour candlestick close below $157.68 will invalidate the bullish thesis and lead to a 12% crash to $147.64

Solana price is at an inflection point that could make or break its near-term outlook. From a four-hour perspective, SOL is likely to kick-start a minor uptrend that will push it to retest crucial hurdles.

Solana price at make or break moment

Solana price has tagged the $168.14 support level twice over the past five days and is currently testing it for the third time, resulting in a triple bottom formation. Due to this setup, investors can expect SOL to reverse its downtrend and make a run for the immediate resistance level.

The 50-day and 100-day Simple Moving Averages (SMA) at $191.82 and $190.51, respectively, are the most critical hurdles that plague SOL’s path. Interestingly, the 50-day SMA is preparing to head below the 100-day SMA, indicating a potential death cross. While this bearish outlook looms, the triple bottom setup could kick-start a 15% uptrend that tags the said SMAs.

In a bullish case, Solana price could overcome these blockades and make a run for the $201.78 resistance level, suggesting a 20% ascent from $168.14.

SOL/USDT 4-hour chart

SOL/USDT 4-hour chart

While things are looking on the fence for Solana price, a bounce from the $168.14 support is crucial for the bullish outlook to play out. If SOL slices through the said barrier, it will crash to $157.68, a breakdown of which will invalidate the bullish thesis.

In this situation, Solana price could retest the $147.93 support floor to contemplate re-attempting a bullish outlook or revisiting the 200-day SMA at $131.25.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Editor's Picks

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid mixed ETF flows

The cryptocurrency market is showing subtle recovery signs despite heightened global uncertainty following the United States (US) and Israel attacks on Iran and the subsequent retaliations that have morphed into a wider Middle East war.

Renewed ETF inflows send BTC above $71,000, offsetting war uncertainty

Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.