SOL Price Prediction: Bears Target $20 as Support Tests
Solana (SOL) is trading near a key support zone, but analysts warn SOL could still see another leg lower if bearish momentum persists. MCO Global says the recent decline may be incomplete, with SOL bouncing possible between the 61.8%–78.6% Fibonacci retracement range ($61.75–$63.05). However, the rebound has not yet shown the impulsive structure needed to confirm a broader trend reversal. A bullish scenario requires a clear five-wave advance and a breakout above $72.57 (bearish invalidation level). If support fails, MCO Global points to downside targets that could extend toward the mid-$40s.
Separately, analyst Bully argues the market is underestimating SOL’s downside risk. On the monthly chart, SOL is around $66 after a long slide from highs above $250. Bully highlights a historical monthly support band at $15–$25, suggesting SOL could revisit this zone if higher-timeframe weakness continues. He specifically notes a potential move toward $20 by the end of 2026, though this remains a projection rather than a confirmed case.
For traders, the key near-term question is whether SOL can hold current support and form higher highs/lows. Until SOL proves bullish reversal structure and reclaims key levels, the $20 narrative remains a risk that could pressure sentiment.
Bearish
This is bearish because both highlighted technical views emphasize unresolved downside pressure. MCO Global frames SOL as still inside a larger corrective decline, where support at ~$61.75–$63.05 may trigger a bounce but has not yet produced the impulsive reversal structure traders usually need to shift positioning. The requirement to break above $72.57 to invalidate the bearish outlook means risk remains skewed to the downside if SOL loses the current support and resumes lower highs/lows.
Bully’s monthly projection adds tail risk: SOL sits near ~$66 after a drawdown from above $250, and a historical $15–$25 support band is presented as the next major area if weakness persists. A revisit toward $20 by end-2026 would be consistent with previous bear-market range behavior when liquidity and sentiment deteriorate.
In trading terms, near-term flows are likely to stay reactive around the Fib support and the $72.57 level. If SOL fails to reclaim that invalidation level, rallies may be sold (short-term bearish continuation). Longer-term, repeated failures to form higher highs could keep SOL stuck in a range or extend the correction, delaying bullish cycle confirmation despite broader crypto market optimism.