Solana Price Prediction: $58–$67 Buy Zone Before Potential $175 Run
Solana (SOL) is testing a key support area after falling to the weekly lower Bollinger Band. Crypto analysts cite selling pressure, but note price may be oversold on the weekly chart.
Cheds Trading says SOL dropped toward ~$68 and is sitting near the lower Bollinger Band around $67, also trading below key moving averages (8-week, 34-week, 50-week). Trading volume rose during the sell-off, making ~$67 a critical level for stabilization.
Jack Adams expects SOL to retest the $58–$67 buy zone before attempting a recovery toward $120–$175 later in 2026. He points to the area lining up with prior monthly wick reactions and highlights $87.70 (14-week EMA) as near-term resistance. A move back inside the Bollinger range could signal weakening downside momentum, while a clean break below $58 would damage the bullish reversal setup.
Traders watching SOL should focus on reactions at $58–$67 for confirmation, and use a reclaim of moving-average resistance as an early signal for a higher-range move toward $120–$175.
Neutral
The article frames SOL as being near a weekly oversold/inflection area: the lower Bollinger Band around ~$67 and a broader $58–$67 buy zone. That setup can support a rebound (short-term tactical bullishness). However, it simultaneously warns that SOL is below multiple moving averages and that a clean breakdown under $58 would invalidate the bullish reversal case.
Historically, similar “lower Bollinger band + rising volume” situations often produce two paths: (1) quick rejection and mean reversion if buyers defend the range, or (2) trend continuation if support fails and the asset stays hugging the lower band. Here, confirmation would come from reclaiming the Bollinger range and later recovering key moving-average resistance (notably the 14-week EMA near $87.70). Until those confirmations, the risk/reward is balanced rather than one-sided, so the expected impact on market stability is neutral with a watch for a rebound catalyst.