Solana Price Prediction: SOL Targets $190 Bounce From Support

SourceSolana (SOL) remains under technical pressure after a prolonged pullback, with price now testing a critical demand zone. Short-term charts suggest sellers are losing momentum, while higher timeframes point to a possible relief rally. Analysts are assessing whether current support can trigger a rebound toward higher resistance levels.Solana Price Holds Descending Channel SupportAccording to analyst The Cryptomist, the 30-minute SOL against USD chart shows a well-defined descending channel that has guided price action since early December 2025. Lower highs along the upper trendline highlight sustained selling pressure, while the lower boundary near $120 continues to attract buyers. This repeated defense of support suggests that downside momentum may be weakening.SOURCE: X Volume behavior adds context to this setup. Downside volume spikes have gradually tapered, indicating potential seller exhaustion rather than aggressive distribution. Price consolidation around $121 reflects a decision point, where a confirmed bounce could shift short-term bias. Without volume expansion, however, any recovery may remain limited.The analyst noted that a successful hold above $119–$120 could open a path toward $126. This level aligns with prior intraday resistance within the channel. A clean breakdown below support would invalidate the setup and expose lower levels.Weekly Structure Signals Critical Cycle Support ZoneMeanwhile, analyst Leviathan highlighted a wider perspective on the weekly chart. The structure shows a multi-year uptrend that peaked above $250 before transitioning into lower highs at key Fibonacci retracement levels. Price is now testing the $115–$120 zone, which has historically acted as a pivotal support zone.SOURCE: XThe absence of a capitulation volume spike suggests the correction may still be unfolding rather than concluding. Declining volume since the cycle top reflects cooling momentum, typical of late-stage market phases. The 0.5 Fibonacci level has capped rebounds, reinforcing overhead resistance.Despite the caution, Leviathan pointed to the possibility of one more corrective bounce. A reaction from current levels could extend toward $170–$190 before any structural breakdown. This scenario depends on renewed demand and improving market sentiment.Intraday Dip Sparks SOL Price Bounce ExpectationsAdditionally, analyst Crypto Tony focused on short-term volatility visible on the 1-hour chart. The recent decline from $131 to a wick low near $121.56 formed a potential reversal candle. Increased buying activity at the lows suggests sellers stalled near prior support.Momentum indicators appear to be unwinding from oversold conditions. This setup favors a technical bounce if price reclaims the $123 level. The chart remains choppy, reflecting broader market indecision rather than a clear trend.SOURCE: XThe analyst emphasized patience, noting that confirmation remains essential. Targets for a successful bounce range between $126 and $130. Failure to hold $120 would shift focus toward $118 as the next downside risk.Overall, Solana price action reflects a market at a technical crossroads. Short-term stabilization and long-term cycle support are aligning, but confirmation remains pending. Traders continue to watch volume and key levels for directional clarity.More By This Author:Bitcoin Price Prediction: BTC Compresses Below $90K For BreakoutVenezuelan Oil Blockade Pushes Gold To Record $4,400 Amid Rising Tensions Bitcoin Sparks Record SEC Filings In 2025 Amid Clear Regulatory Path