Solana Price Prediction: Can SOL Reach $500?

<a href="https://xpertsstudio.com/solana-market-liquidation-wipes-out-2-2m-as-sol-price-stalls/” title=”Solana market liquidation wipes out $2.2M as SOL price stalls”>Solana is trying to turn the $100 area from resistance into support after a sharp recovery from its summer lows, improving the short-term technical picture. Two daily charts now put the focus on whether $SOL can hold that breakout and clear $110.15, a move that could open a broader advance toward the $130-$150 region while the larger structure remains unconfirmed.

$SOL Recovery Runs Into Major Fibonacci Resistance

Solana’s rebound from its June low has restored a local uptrend, but the first chart treats the advance as corrective and places $SOL beneath a broad Fibonacci resistance area beginning at $110.15.

Solana $SOL Fibonacci Resistance Zone. on X

The daily chart shows $SOL recovering from roughly the low-$60 area and accelerating toward $100 before beginning to consolidate. That rebound has improved momentum, but the token has yet to break the first major retracement level that would strengthen the case for a sustained recovery.

The chart marks $110.15 as the 38.2% Fibonacci retracement and the first important resistance level. A confirmed daily move above it could shift attention toward $132.93, the 50% retracement, followed by $160.42 at the 61.8% level. The broader resistance zone extends as high as $209.63.

Those levels matter because the Elliott Wave interpretation on the chart still classifies the rise from the June low as corrective. In practical terms, $SOL can continue climbing without yet proving that the larger bearish structure has ended.

That makes $110.15 a key confirmation point. A decisive break above it would support continuation toward the low-$130s, while failure to clear the level would leave $SOL vulnerable to another pullback toward recently reclaimed support.

The chart also highlights substantially lower support zones near $62.43-$43.22. Those are not immediate targets, but they define the larger downside risk if the current recovery eventually fails.

Former Resistance Near $100 Becomes the Key Support Test

A second daily chart presents a more straightforward bullish setup: Solana has pushed through a resistance area around $100 and is now attempting to establish that same level as support.

Solana $SOL $100 Support and $150 Target Zone. on X

The chart shows the $100 region acting as a major pivot across several periods. $SOL previously reacted around the same area during earlier market swings, making the latest breakout technically significant.

The central question is whether buyers can defend it on a retest.

If the former resistance zone continues to hold as support, the chart’s projected path points toward a much larger supply area around $148-$152. That zone previously acted as resistance and represents the next major structural hurdle above the current market.

The bullish scenario therefore does not require $SOL to move directly toward $150. The first step is maintaining acceptance above the reclaimed $100 region. The next is clearing nearby resistance around $110, which closely aligns with the Fibonacci threshold identified in the first chart.

That overlap strengthens the importance of the $100-$110 range. Holding above $100 would preserve the breakout structure, while a move through $110.15 would provide stronger confirmation that buyers are gaining control beyond a simple resistance-to-support flip.

If $SOL falls back below the reclaimed zone and cannot recover it, the breakout thesis would weaken. The chart identifies another major support area near $66, close to the summer lows, although a retreat that deep would require a much broader deterioration in the current structure.

Together, the two charts present a clearly defined Solana price prediction rather than an unconditional bullish call. $SOL has improved its technical position by reclaiming the $100 area, but confirmation still depends on holding that support and breaking $110.15. If both conditions are met, $132.93 becomes the next visible Fibonacci objective, with the roughly $150 resistance zone emerging as the larger upside test.

Source: cryptonews.net