Solana Price Prediction: $125 Rejection Puts the $100-$105 Support Zone on Watch

Solana’s rally has hit a pause at $125. After breaking below a rising trendline, SOL is trading back near $118, where buyers face an early test. A hold above $115 could give the price room to recover, but losing that level would bring the $100-$105 support zone into focus. ETF trading and record stablecoin supply offer reasons for longer-term optimism, but for that, SOL still needs to reclaim $120-$125.

Solana Loses Rising Trendline at $120

Solana’s short-term structure has weakened after a sharp rejection from the $124-$125 region. The latest decline has pushed price below the rising trendline that supported the recovery from approximately $96, suggesting that buyers are losing some of their earlier momentum.

Jesse Peralta’s two-hour chart shows SOL breaking beneath this trendline around $120-$121 before extending its decline towards $118. The breakdown turns the former trendline into an important resistance level, especially if price attempts a recovery in the coming sessions.

The immediate area to watch is $115-$118. Holding this region could allow SOL to establish a new short-term base, while a recovery above $120-$122 would help reverse the latest breakdown. If selling pressure continues, the broader $100-$105 region becomes increasingly important for the higher-timeframe recovery.

Solana has broken below its rising short-term trendline following a rejection near $125, bringing the $115-$118 support region into focus. Source: Jesse Peralta via X

High-Volume Resistance Could Trigger a Correction Before $150

Solana has reached the lower boundary of a major high-volume profile node, where substantial trading activity has taken place during previous market cycles. This broad zone begins around $120 and extends towards $200, making it an important area of overhead resistance following SOL’s recent recovery.

Famous crypto analyst Sweep expects an initial correction early this week before Solana attempts its next move towards $150. The projected path shows price pulling back from the current resistance area, potentially towards $100-$105, before buyers step in and push SOL back towards the high-volume zone.

Solana is approaching a broad high-volume profile resistance zone, with analyst anticipating an early-week correction before a potential recovery towards $150. Source: Sweep via X

The reaction during this pullback will be important. If SOL establishes a higher low and reclaims $120-$125, the recovery could resume towards $150. However, a deeper decline below $100 would weaken the setup and suggest that Solana needs more time to build support before challenging the overhead supply.

Bitfinex SOL Long Positions Rise Sharply

Derivatives positioning is adding another dimension to Solana’s outlook. In another chart shared by crypto analyst Sweep, a sudden increase in SOL long positions on Bitfinex, with the SOLUSD long-position measure rising sharply to approximately 84,398.

Solana long positions on Bitfinex have increased sharply. Source: Sweep via X

The near-vertical increase suggests growing bullish interest as traders position for a potential recovery. While the chart does not distinguish between retail and whale positions, the substantial buildup indicates stronger market participation and expectations of further upside.

Solana Leads Altcoin ETF Trading With 46% Market Share

Solana continues to lead the altcoin spot ETF market, accounting for approximately 46% of trading volume among the tracked cryptocurrencies, excluding Bitcoin and Ethereum. Data shared by Jesse Peralta shows SOL maintaining the largest share despite growing competition from newer ETF products.

The chart, sourced from The Block, places Solana ahead of Zcash at 27%, XRP at 12% and Hyperliquid at 11%. While these newer entrants have gained market share, SOL continues to attract substantial trading activity, highlighting its established position within the altcoin ETF market.

This provides a positive institutional focus for Solana’s longer-term outlook. Although trading volume does not necessarily indicate net capital inflows, SOL’s leading market share suggests sustained investor interest even as its price faces short-term technical resistance.

Solana accounts for approximately 46% of altcoin spot ETF trading volume. Source: Jesse Peralta via X

Solana Price Prediction: The $100-$150 Range Defines the Next Move

Solana is entering an important phase following its recent recovery and subsequent rejection. The market has moved away from its previous lows, but the breakdown beneath the rising trendline suggests that buyers may need to rebuild momentum before challenging higher resistance.

The main technical levels are:

• $115-$118: Immediate support following the latest decline. A recovery from this area could help SOL stabilize.
• $100-$105: Broader demand region that needs to hold if the correction extends.
• $120-$125: Immediate resistance and the first area buyers must reclaim to reverse the short-term weakness.
• $130-$150: Higher recovery targets if SOL successfully clears the current resistance region.

A sustained move above $125 would improve the recovery outlook and bring $130 into focus before a potential advance towards $150. Conversely, continued weakness below $115 would increase the likelihood of a deeper retest towards $100-$105.

Solana price trades at $118.17, down 2.99% in the last 24 hours. Source: SOL price via Brave New Coin

The larger $200 projection remains a longer-term possibility and would require SOL to establish a sustained recovery through several overhead resistance levels.

Final Outlook: Can SOL Establish a Base at $105-$100?

Solana’s latest pullback could provide an opportunity to establish a stronger base before another recovery attempt. Although the short-term structure has weakened, growing ETF activity, record stablecoin supply, and renewed derivatives interest continue to support the broader outlook.

The $105-$100 region is now an important area to watch. A successful retest and recovery from this zone could help SOL establish a higher low, with $115-$120 becoming the first resistance to reclaim. Clearing $125 would then strengthen the case for another move towards $150.

Things start to change negatively if SOL starts to break the $100 support band. A sustained move below this region would weaken the broader recovery structure and increase the risk of a deeper correction towards $90-$80. Until buyers establish a firm base, the possibility of further downside would remain in play.