Solana (SOL) price prediction: $89 bounce vs $30 drop

Published: 2026-04-23 07:34:58 |

Solana price prediction is mixed as charts point to a near-term upside test and a possible deeper selloff. SOL is trading around $86.40, with an Elliott Wave setup suggesting Wave B could push toward the resistance band from $85.91 to $88.95. Immediate intraband resistance levels highlighted include $85.91, $86.79, $87.67 and $88.95. If buyers hold above the recent Wave B low, the Solana price prediction allows an extension toward the top of the range. However, the downside scenario remains open: support is mapped at about $81.75–$78.81, with deeper levels near $77.92, $75.39 and $71.92. A failure inside the resistance band could trigger Wave C down. A separate weekly “mirror chart” compares the current structure with 2022, where a bull-trap led to a sharp breakdown followed by a sideways relief box before another leg lower. Based on this analogy, the bearish Solana price prediction targets a potential drop toward $30, but the article stresses it is not confirmation. For the $30 thesis to strengthen, SOL would likely need to lose current range support and then confirm weakness on the weekly chart.

Neutral

The article’s message is conditional: SOL could bounce toward $89 if it holds above the Wave B low and keeps trading within the $85.91–$88.95 resistance band. But it also lays out a clear bearish trigger—failure in that band can flip the structure toward Wave C, with deeper supports ($81.75–$78.81, then ~$77.92/$75.39/$71.92) and a mirror-chart analogy that argues for a potential $30 retest if weekly support breaks. Because both scenarios are plausible from the same technical framework, near-term traders face whipsaw risk around the resistance zone. Historically, similar “relief rally inside a range” patterns often produce short-covering rebounds before a breakdown when resistance fails to convert to support. Long-term direction hinges on whether SOL can convert the current range into a base on the weekly chart; otherwise, the bearish path toward the lower supports (and potentially $30) remains active.