Solana price prediction: SOL near resistance, $1,000 scenario

Solana is testing a short-term resistance zone while a separate weekly chart points to a larger breakout setup for the current cycle. Together, the two views suggest the market is at a decision point, with near-term resistance in focus and a higher upside target contingent on future confirmation.

Solana tests first resistance as short-term range tightens

Solana is testing its first micro resistance zone near the mid $84 area, which is acting as the immediate barrier on the 1-hour chart. The setup described by MCO Global shows SOL pushing into a red resistance band after bouncing from a lower support block around the $78 to $81 region. Buyers have lifted price off that base, but the first ceiling has not been cleared yet.

The chart also shows multiple Fibonacci levels clustered within the resistance area, including levels near $84.46, $85.06, $85.56, $86.51, and $87.03. Because these levels are close together, they form a dense supply zone rather than a single breakout line, which can make the move harder to complete in one attempt—particularly when price approaches the area after a rebound instead of a strong trend leg.

On the downside, the key support zone remains around $81.65 down to the high $77 area, with micro support marked just above $78. If Solana fails to break through the first resistance band, price could rotate back into the lower demand area. If buyers do clear the red zone and hold above it, the chart indicates room toward a green trendline near the upper $87 to $88 area.

Weekly megaphone setup points to a higher cycle target

The weekly chart presents a bullish megaphone structure and suggests the broader cycle may not be finished yet. The setup highlights repeated touches at both the upper resistance line and the lower support line, followed by a projected breakout path to the upside. In this interpretation, the pattern implies expansion after a prolonged consolidation phase rather than trend exhaustion.

The chart identifies reaction points inside the widening formation, commonly referred to as a broadening or megaphone pattern. Price moved between rising resistance and falling support across multiple swings, then returned to the lower boundary again. That lower zone is described as the key base for maintaining the bullish thesis, provided it continues to hold.

After that, the projected scenario calls for a breakout above the upper boundary of the formation and a fast markup phase. The target zone shown on the chart sits above $1,000, reflecting the analyst’s cycle view rather than a confirmed move. As presented, the breakout remains a forward scenario; however, the chart’s central message is that confirmation of a break from the megaphone structure could lead to a much larger next leg than the prior swings within the range.