Will Solana Bounce 25% or Dump 35%? Chart Reveals All

Solana (SOL) price has entered a critical zone after weeks of relentless selling pressure. From its peak near $188, the token has plunged over 29%, now hovering just above key support around $130. As investors eye the next move, the charts reveal a tightrope walk between a potential short-term bounce or a deeper breakdown. With the Relative Strength Index nearing oversold levels and Heikin Ashi candles still red, it’s time to ask — is Solana price ready to rebound, or is a sub-$100 dip on the cards?

Solana Price Prediction: Why Is SOL Price Struggling Around $130?

Solana (SOL) is currently trading around $133, attempting to hold above a critical Fibonacci support zone. After hitting a recent high near $188 in late May, the price has been on a steady decline. What’s more telling is the use of Heikin Ashi candles, which reveal a strong, sustained downtrend — marked by consecutive red candles without lower wicks. This is a clear sign of bearish dominance.

Support has temporarily held near $128–$130, which aligns with the 38.2% Fibonacci retracement from the last major rally. If this level breaks decisively, SOL price could rapidly fall to the next cluster of support at $116 or even $102, which is the 61.8% Fib zone.

What Does RSI Say About a Reversal?

The Relative Strength Index (RSI) currently stands at 30.26, brushing the oversold boundary. Historically, this is where Solana tends to react — either pausing its fall or bouncing for a short-term rally. However, it's important to note that RSI alone doesn’t confirm a reversal, especially during strong bearish trends.

In early April, a similar RSI level led to a bounce of nearly +38% over 18 days. If history rhymes, a potential rebound from $130 could push SOL price back to $152–$160 in the short term — representing an approximate 20%–25% upside.

Will Solana Fall Below $100?

The major concern now is the lack of bullish momentum and volume. The Heikin Ashi candles continue to close red with barely any upper wicks, meaning buying pressure is nearly absent. If the $130–$128 zone gives out, there's very little structural support until $102, and a flash drop to $85 is not out of question — especially if broader market sentiment weakens further.

Let’s consider this downside scenario:

From current price of $133

• Drop to $102 = ~23% downside
• Drop to $85 = ~36% downside

This kind of move would likely coincide with a full risk-off move in altcoins or broader market panic.

Is There Any Bullish Scenario for SOL Price in the Near Term?

Yes — but it’s conditional. If bulls manage to defend the $130 mark and push the price above $138–$140, that could trigger a short squeeze rally. The next immediate resistance would be around $152, followed by $165. For that to happen, RSI must reverse above 40, and we need green Heikin Ashi candles with upper wicks — a sign that buyers are fighting back.

A possible bullish move from $133 to $165 would yield nearly +24%, giving swing traders an opportunity — provided a confirmation signal like a bullish engulfing or RSI divergence appears.

Solana Price Prediction: What’s Next?

• Bearish Scenario: Break below $128 → free fall to $116, then $102
• Bullish Scenario: Hold $130 and break above $140 → bounce to $152 or $165
• Neutral Outcome: Consolidation between $130–$140 with no major breakout until July

Considering the current chart structure, the bias remains bearish until SOL price breaks above the $140–$142 resistance zone with strength. RSI being oversold is a watch point, but without price action confirmation, caution is warranted.

How to Buy Solana (SOL) on Bitget?

Follow these simple steps to start buying Solana on Bitget:

Sign Up for an Account
Create your Bitget account using this referral link to claim your welcome bonus:
https://partner.bitget.com/bg/cryptoticker

Verify Your Identity (KYC)
Complete the KYC process by submitting your ID documents. This ensures your account remains secure and fully compliant.

Deposit Funds
Add funds to your Bitget wallet via debit/credit card, bank transfer, or crypto deposit. Bitget supports multiple funding options.

Go to the Trading Section
Head to the trading dashboard and search for the SOL/USDT trading pair. You can also type “SOLANA” or “SOL” into the search bar.

Buy Solana (SOL)
Choose how much you want to invest, review the order, and confirm the purchase. Your SOL tokens will be added to your wallet instantly.

$SOL, $Solana, $SolanaPrice