Solana Price Prediction: Analyst Says This Key Level Could Decide the Next SOL Move

Solana is starting to wake up again, and this time it’s happening in a way that’s hard to ignore. After months of quiet movement, the SOL price  is now pushing into a level that has been holding it back for a while. 

It’s not a breakout yet, but it’s getting close enough that traders are paying attention again. What makes this setup stand out is how clean it looks. The structure has been building slowly, and now the price is testing the edge of it.

A long build-up before the SOL move

We had a look at the chart shared by CryptoBusy, and the setup is pretty straightforward. For nearly three months, the SOL price has been moving inside a tight range between about $75 and $95. That kind of sideways movement usually means one thing: accumulation.

Inside that range, price has been compressing further under a descending resistance line. Each time SOL tried to move higher, it got pushed back down. At the same time, the lows were getting higher, which shows buyers were stepping in earlier on each dip.

Eventually, that kind of squeeze leads to a decision point. And now, the SOL price is pressing right up against that resistance zone again, around the $90–$95 area. If it breaks cleanly, the next area in focus moves toward $120. That’s where the bigger resistance sits, and it would mark a clear transition into a higher range.

SOL price macro view: The bigger structure still holds the key

When you zoom out on the daily chart, the context becomes a lot clearer. The SOL price has been trending down ever since it topped out above $260 back in late 2024. That move down was aggressive, but it eventually found a floor in the $60–$80 range, and that area has held up well so far.

Since then, the recovery hasn’t been dramatic. It’s been more of a slow rebuild. The SOL price has been moving sideways with a slight upward lean, trying to regain strength after that big drop.

Daily SOL price chart analysis.

Now it’s back in the high $80s, and something important just happened, the price has moved back above its longer-term average for the first time in months. The level everyone is watching sits around $90–$95. That’s where the descending trendline has been holding the price down.

On the 4-hour chart, the same story is playing out. The SOL price has been stuck between $75 and $95 for weeks, and now it’s pressing right up against that upper boundary again near $89–$90. At the same time, it’s holding support around $87–$88, which is helping keep the structure steady.

4-Hour SOL price chart analysis.

If the SOL price can finally break above that $92–$95 zone and stay there, then things start to look very different. That’s the point where the market moves out of this range and into a more convincing recovery phase.

On-chain activity is picking up under the surface

One of the more interesting parts of this move is what’s happening behind the scenes on the Glassnode charts. The price isn’t moving on its own, network activity is rising at the same time.

Active addresses have climbed back up to around 5.6 million, which matches the highest levels seen in recent weeks. At the same time, the number of transfers has jumped to roughly 51 million. That kind of increase means real users are coming back into the network, not just traders pushing the price around. 

Looking closer at the number of transfers, you can see the same pattern playing out. Activity had cooled off to around 43 million during the quieter stretch, but now it’s back up near 51 million, which is basically the highest level on the chart. 

The interesting part is that the last time transfers were this high, the SOL price was sitting in the low $80s. Now activity has returned to those levels, but price is already higher, which usually means there’s stronger demand behind the move, not just a quick spike.

Why the SOL price is moving now

There’s also a clear reason why the SOL price is starting to move again. A big part of it comes down to anticipation around the upcoming Alpenglow upgrade.

The upgrade is expected to improve how fast transactions settle on the network, cutting finality time down to milliseconds. That’s a big deal for applications that need speed, especially anything tied to finance or real-time activity.

At the same time, there’s been a steady flow of institutional-related developments. Companies are experimenting with tokenized assets on Solana, and some are even allocating capital into strategies built on the network.

The next SOL move depends on one level

Right now, everything comes down to how the SOL price reacts around the $92 area. That’s the level traders are watching in the short term.

If the price breaks above it with strength, the next targets come in around $96 and then the $100 range. That would confirm that the breakout is holding and that the market is ready to push into a higher zone.

If it fails to hold above that level, the range likely continues. Support sits around $85, and below that, the $80 area becomes the next place where buyers might step in again. Momentum is building, but it’s not extreme yet. Indicators are rising, but they’re not stretched to the point where a reversal becomes immediate.

CoinCodex's 1-month SOL price prediction places the price at $106.70, above where SOL is trading now. That forecast lines up with what the charts are already showing, with the $92–$95 range likely acting as the next stepping stone since it overlaps with key Fibonacci levels and the upper boundary of the multi-month consolidation range.