Solana Price Prediction: Bounce to $89 or Drop Toward $30

Solana is showing mixed signals across short term and weekly charts. While one setup points to a wave B push near $89, another warns the current range could still end in a deeper drop toward $30.

Solana Holds Near $86 as Wave B Tests Resistance Zone

The chart shows Solana trading near $86.40 while wave B continues to move higher inside a marked resistance area. That zone starts around $85.91 and extends to about $88.95. Because price is still above the recent low near the B wave bottom, the upside extension remains possible for now.

Solana / U.S. Dollar 1h Elliott Wave Chart. Source: More Crypto Online on X

At the same time, the image shows several resistance levels inside that red band. These include $85.91, $86.79, $87.67, and $88.95. So, SOL is already trading inside the lower part of that target area. If buyers keep control, wave B could stretch further toward the upper end of the zone.

However, the chart also keeps the broader downside scenario open. The lower support area sits around $81.75 to $78.81, with deeper main range support near $77.92, $75.39, and $71.92. Therefore, if SOL fails in this resistance band and turns lower, the move could mark the start of wave C to the downside.

Solana Mirror Chart Points to Possible Drop After Range Relief Rally

The chart compares Solana’s 2022 structure with its current weekly setup and argues that both patterns look similar. In both cases, the idea starts with a bull trap near the top, followed by a sharp breakdown and then a sideways relief range. Based on that comparison, Crypto Lens says SOL could follow the same path and fall toward $30.

OLUSDT Weekly Mirror Pattern Chart. Source: Crypto Lens on X

The left side shows the 2022 pattern. After the bull trap, SOL dropped hard, moved into a boxed consolidation range, and then broke lower again. The right side places the current market in a similar box after a steep decline from the recent high. Because of that, the post suggests the current rebound is not a true recovery but a temporary pause before another leg down.

Still, this remains a chart analogy, not confirmation. The image does show a similar structure, especially the sharp selloff and the sideways range between roughly the low $40s and upper $50s. However, a mirrored setup alone does not prove SOL will reach $30. For that bearish target to gain more weight, price would likely need to lose the current range support first and then confirm weakness with a fresh breakdown on the weekly chart.