Solana Price Prediction: Is SOL About to Break Below Key Support?

Solana tests key trendline support as repeated rejections below resistance raise the risk of a bearish breakdown.

Solana has slipped back below $100, putting one of its most important price levels back in play. SOL was trading around $98.30 on Sept. 14, down roughly 2.2% on the day and about 4.7% over seven days as macro pressure and weaker ETF demand weighed on the market. tradingkey.com That makes $100 the immediate line to watch. Solana has already spent much of September testing this area, and Coinpaper recently highlighted the $97.70 breakout zone as the level separating a constructive recovery from a deeper pullback. Coinpaper What Happens Above $100? A convincing reclaim of $100 would not immediately put Solana back into a full bull trend. The first challenge sits around $106–$110, where previous price action and liquidation liquidity have created resistance. Beyond that, Coinpaper’s earlier technical work identified roughly $117–$120 as the next significant hurdle. Coinpaper That leaves a fairly clear roadmap: Scenario	SOL level	What it could mean Bearish	$80–$85	$98 support fails and the correction deepens Base	$95–$100	SOL remains stuck around the psychological level Bullish	$106–$120	Buyers regain momentum Breakout	Above $120	$145–$150 becomes a more realistic target   A move above $100 would therefore be encouraging, but the stronger confirmation would come from clearing the $106–$120 resistance area. ETF Demand Has Started to Cool Institutional demand is also sending mixed signals. Solana ETFs have attracted roughly $1.3 billion in cumulative net inflows, while Bitwise’s BSOL recently became the first U.S. Solana ETF to cross $1 billion in assets. Coinpaper covered that $1 billion ETF milestone earlier this month. Coinpaper But the latest flows have become less consistent. Solana ETFs recorded about $11.7 million of inflows on Sept. 9, followed by small net outflows on Sept. 10 and Sept. 11. SolanaFloor That matters because the August rally above $100 coincided with stronger institutional buying. A renewed ETF inflow streak would make another SOL breakout easier to sustain. Solana’s Network Is Telling a Different Story The more unusual angle is that price weakness is arriving while parts of the Solana network continue expanding. The number of addresses holding tokenized equities on Solana reportedly crossed 800,000 on Sept. 12, up from roughly 425,000 at the start of September—an increase of about 88% in less than two weeks. CryptoRank That creates a useful divergence. SOL price momentum has cooled, yet adoption around tokenized stocks is accelerating. If that activity develops into lasting demand rather than a short-lived spike, the network story could eventually become a stronger fundamental tailwind. Coinpaper has also tracked how ETF momentum previously helped SOL defend $100, making the current combination of weaker flows and stronger network activity particularly worth watching. Coinpaper Can Solana Reach $120 Again? The setup is straightforward. Above $100: $106–$110 comes first. Above $110: $117–$120 becomes the major test. Above $120: roughly $145–$150 moves back into view. Below $97: downside risk increases toward $80–$85. For now, Solana is caught between improving network fundamentals and a tougher market backdrop.

Solana is back at a critical support zone, with two separate charts showing that buyers are losing strength after repeated failures below resistance. Together, the setups suggest that if the rising trendline breaks, Solana could shift from simple consolidation into a clearer downside move.

Solana Presses Rising Support as Repeated Rejections Keep Downside Risk in Focus

Solana showed signs of weakness on the daily chart shared by TylerDurden, where price sat just above a rising support trendline after another rejection below a key horizontal resistance zone. The setup suggested that Solana was running out of room inside a tightening structure, with downside risk growing if support fails.

Solana Presses Rising Support Below Key Resistance: Source: TylerDurden on X

The Bybit SOLUSDT perpetual daily chart showed a clear ceiling around the low $90s, marked by a thick horizontal resistance band. Price tested that area several times but failed to break through. Each rejection pushed Solana back down, which showed that sellers kept defending the same zone.

At the same time, the chart also showed a rising trendline supporting price from below since late February. That trendline held through several pullbacks and helped create a tightening range. However, when price keeps pressing upward into resistance without breaking it, the support line becomes more important because a failure there can trigger a sharper move lower.

The latest candles placed Solana close to that lower boundary again. That means the market is now near a technical decision point. If buyers lose control of the rising support, the pattern would break down and could confirm TylerDurden’s view that Solana may lead the next move lower.

So far, the chart has not confirmed a full breakdown. Still, it showed repeated weakness under resistance and limited follow through from buyers. Until Solana reclaims the resistance zone with strength, the structure remains vulnerable and keeps downside pressure in focus.

Solana Tests Key Trendline Support as Breakdown Risk Builds

Solana is approaching a critical technical level, with the latest chart from Crypto Chiefs showing the token testing its ascending trendline support after a series of higher lows. The setup suggests the market is still holding its broader short term structure, but that structure now appears fragile as momentum starts to fade.

Solana Tests Ascending Trendline Support: Source: Crypto Chiefs on X 

The 6 hour Bybit SOLUSDT spot chart showed Solana trading directly above a rising support line that has guided price higher since late February. A dashed parallel trendline above it helped frame the recent climb, while repeated bounces from the lower boundary confirmed that buyers had defended this area several times. That made the current retest important for short term direction.

However, the chart also showed that upside follow through has weakened during recent attempts to push higher. Price no longer moved away from support with the same strength seen earlier in the structure. Instead, Solana drifted back toward the lower boundary, which increased the risk that support may fail if buyers do not step in again.

Crypto Chiefs said a confirmed break below the ascending trendline would shift market structure bearish and could open downside toward the $85 to $82 zone. That view matched the chart, where the trendline acted as the main line separating continued consolidation from a possible breakdown. As long as price stays above it, the setup remains a support test rather than a confirmed bearish reversal.

For now, Solana remains at a make or break point. The rising trendline is still intact, but the latest price action showed that the margin for error is narrowing. If support holds, the broader structure can stay in place. If it breaks, downside pressure may increase quickly as the market loses one of its clearest short term support levels.