Solana in Danger: Will SOL Plunge Below $120?

Solana (SOL) has long been one of the most talked-about altcoins in the crypto market, known for its blazing-fast blockchain and thriving DeFi and NFT ecosystems. In 2025, SOL has seen dramatic swings, capturing both bullish and bearish traders in its volatile price action. As it hovers around the $147 mark today, investors are closely watching whether Solana price can break higher toward $200 again or slip back to key support levels near $120. In this detailed daily chart analysis, we’ll break down what Solana’s price structure, key indicators, and recent momentum really suggest — and calculate where SOL price could realistically be headed next.

Solana Price Prediction: What Does the SOL Price Daily Chart Reveal Right Now?

Looking at the daily chart for Solana (SOL), the Solana price is hovering around $147.43 at the time of writing. The Heikin Ashi candles show a clear slowdown in the previous uptrend — the candles have turned neutral with short bodies and wicks on both ends, which typically signals indecision in the market. The Relative Strength Index (RSI) is at 47.60, which puts SOL price in the neutral zone, neither oversold nor overbought. This suggests the market is waiting for a clear catalyst.

Are There Strong Support and Resistance Levels?

Key resistance is sitting near $160, which has acted as a ceiling during the recent price attempts to break higher. On the downside, there’s visible horizontal support around $140–$142, where price has bounced multiple times. If this level breaks, the next visible support is around $120, which aligns with the dotted blue levels marked on the chart.

To quantify: if SOL price closes a daily candle below $142, we could see a 15–20% downside move toward $120:

• Potential Drop=$147−$120=$27 
• Percentage Drop=(27/147)×100≈18%

What Does the RSI Say About Momentum?

The RSI hovering just below 50 indicates a lack of strong bullish or bearish momentum. It’s worth noting that the RSI recently made a lower high — a sign that buying strength is fading. If RSI dips below 40, the market could see accelerated selling.

Is Solana Price Still in an Uptrend?

The broader daily structure shows that Solana price is technically in a sideways range after peaking near $200 earlier this year. Recent lower highs and lower lows hint at a minor downtrend inside this bigger sideways pattern. Until we see a daily close above $160 with strong volume, there’s no confirmation of a renewed bullish trend.

Solana Price Prediction: How High Can SOL Price Go If Bulls Return?

If SOL price manages to flip $160 into support, the next upside target would be the psychological level of $180–$200. This is roughly a 22% upside from the current level:

• Potential Gain=$180−$147=$33
• Percentage Gain=(33/147​)×100≈22%

So the risk-to-reward ratio favors patient buyers only if Solana price holds above $142 and breaks $160 with momentum.

Where Is SOL Price Headed Next?

To sum up, the chart indicates caution. If SOL price defends $142, short-term buyers may target $160 and $180. But if this support fails, a drop toward $120 looks likely — and if panic selling kicks in, even $100 is possible. The RSI and Heikin Ashi candles both suggest the market is not ready to choose a clear direction yet.

So, traders should watch the $142 level like a hawk and keep an eye on the RSI dipping below 40 for signs of stronger selling. On the flip side, a daily close above $160 backed by volume would revive bullish hopes for $180–$200. Until then, Solana looks range-bound — so position sizing and tight stop-losses are crucial.

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