Solana is under pressure. SOL has dropped more than 7% in the last 24 hours to around $107, slipping below the key $114 support and losing nearly 8% on the week. With MACD turning bearish and the primary support zone already broken, the next question is how far the slide can go before buyers step back in.
Key takeaways in a nutshell
Sharp 24h drop: SOL trades near $107.69 after falling 7.6% in a day and 8.1% on the week, breaking below the $114 support.
Trend still intact: Price sits roughly in line with the 50-day average at $107 and 24.8% above the 200-day average at $86.30, so the broader uptrend has not yet broken.
Decision at $110: The $110 secondary support is the last defense before a possible drop toward the monthly low near $96.10.
Momentum cooling: RSI at 64 is no longer overbought, but MACD has flipped bearish with a negative histogram, pointing to weakening momentum.
AI sees upside into 2026: Our AI model projects a 2026 year-end range from $121.51 to $181.27, with a midpoint around $148.41.
What happened to the Solana price?
Solana has taken a hard hit. SOL is trading around $107.69, down 7.6% in the last 24 hours and 8.1% over the past week, after slipping below the important $114 support zone. The weekly high at $124 now feels distant, and sellers have clearly taken short-term control.
Despite the sharp drop, the medium-term picture is less dramatic: SOL is still up 3.5% over 30 days and almost 40% over 60 days. Volume at $3.99 billion is only about 8.6% above the 30-day average, so this move is driven more by price action than by a visible capitulation spike.
Key price levels for Solana
On the upside, the first serious hurdle sits at $124, the weekly high; only a reclaim above this zone would put the bullish structure back on track. On the downside, the broken $114 level has turned into resistance, which makes $110 the next critical support that bulls need to defend. If $110 fails, the next relevant orientation point is the monthly low near $96.10, where buyers were last active in size.
Solana indicators: RSI, MACD and volume
The three indicators currently paint a mixed but clearly cooling picture. RSI sits at 64, no longer overbought but still above the neutral 50 line, which means momentum is fading rather than collapsing. MACD has turned bearish with a value of 4.63 and a histogram that has flipped from positive to clearly negative over the last sessions, confirming the short-term loss of upside momentum. Volume at roughly 8.6% above the 30-day average is only average, suggesting the drop is not yet a panic event but a steady unwinding. Taken together, the signals point to a market that has lost its bullish grip without yet entering outright bearish territory.
Relative Strength Index
MACD
AI forecast for Solana
Looking toward year-end 2026, our AI forecast model places Solana in a wide range between $121.51 and $181.27. The central expected value lands near $148.41, which should not be read as a price target but as the midpoint of a broad probability distribution.
The width of this range matters: it reflects how much uncertainty surrounds SOL after a sharp pullback from the $124 weekly high. In the conservative case, the model implies an upside of around 12.0% from current levels, while the optimistic case points to roughly 67.1% higher. Both ends sit above today's price, but the path there depends heavily on whether support near $110 holds in the coming sessions.
What could happen now?
Bullish scenario
The bullish case needs a clean reclaim of the broken $114 zone first, followed by a push back above the $124 weekly high on rising volume. That would repair much of the short-term damage and open the path toward the $127 secondary resistance and the $125 orientation level. For this to be credible, RSI should climb back above 60 without overheating, and MACD would need to flatten its negative histogram and turn higher. As long as SOL then holds above $114 on any pullback, the broader uptrend above the 200-day average at $86.30 remains intact.
Trigger: > $124 with elevated volume
Bearish scenario
The bearish case activates if $110 gives way on a daily close. In that case, the short-term setup would deteriorate further: the broken $114 support would act as resistance, MACD would deepen its bearish signal, and RSI would likely slide below 50. The next meaningful reference level down is the monthly low near $96.10, which also lines up with the next downside orientation point. A break of that zone would start to pressure the medium-term trend and bring the 200-day average at $86.30 into focus.
Trigger: < $110
Conclusion: $110 level decides the direction
The technical setup is fragile in the short term, but the broader trend above the 200-day average has not yet broken. The decisive area is the $110 to $114 zone, where bulls need to draw a line.
If buyers defend $110 and push SOL back above $114, the move toward the $124 weekly high comes back into play. If $110 breaks, the monthly low near $96.10 becomes the next logical destination and the medium-term trend starts to wobble. The next few trading days are likely to set the direction.
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Continue to KrakenSince 2017, Philipp Duringer has been deeply involved in Bitcoin, crypto assets and digital financial markets. As the founder of Coinbird, he combines years of crypto experience with more than 15 years of technical experience in IT and digital products. His goal is to make crypto easier to understand, more transparent and easier to compare.
About the authorAI-assisted: This price analysis is generated automatically based on structured market data and reviewed through defined quality rules. It is for informational purposes only and is not financial or investment advice or a recommendation to buy or sell crypto assets.
