Solana Price Prediction: Will SOL Hold $83.70 or Slide Toward $73?

Solana (SOL) is at a decision point as two chart setups provide conflicting signals. One scenario points to a potential breakout if SOL holds above $83.70, with room toward $88. The other warns that if support fails, SOL could drop toward $73.68.

Breakout scenario: holding above $83.70

On the 4-hour chart, SOL is attempting to stabilize after a sharp rebound from a recent low in the upper $78 range. Following that bounce, price moved back above the horizontal level around $83.70 and is trading near $84.7.

The level matters because it previously acted as resistance and is now being tested as support. The setup suggests that SOL needs to remain above $83.70 to keep the recovery structure intact.

If the breakout holds, the next upside target is near $88, described as the next visible resistance area on the chart. Traders are expected to watch whether SOL can stay above $83.70 across the next candles, rather than quickly slipping back below it, which could indicate a false breakout after a strong move.

Reversal scenario: falling wedge and the $73.68 downside level

Another chart setup highlights a critical support zone. In this view, SOL is sitting near a red support box that must hold; otherwise, the next downside level is estimated near $73.68.

The setup follows the breakdown of a bearish rising wedge, which the chart indicates already played out. Since then, SOL has continued lower, but the structure is now shifting into a falling wedge. Falling wedge patterns are typically associated with bullish reversal hopes when price compresses between lower highs and a narrowing downside channel.

In the near term, the key question is whether buyers defend the support box. If they do, the falling wedge structure could remain intact and support a rebound attempt, potentially pushing price toward the upper wedge boundary first.

If SOL loses the support box, the chart suggests a move toward $73.68 could follow. Below that, a larger pink trendline near $61.78 is identified as a broader downside level on the chart.

Market impact: a clear support test for the next direction

Overall, both charts frame SOL as being at a critical juncture. The bullish case depends on holding $83.70 to keep the path toward $88 open. The bearish risk centers on whether the support box holds; failure could expose SOL to $73.68 next, with $61.78 as a further downside reference.