SOL Price Prediction: Targeting $110 Support Before $150 Recovery by Mid-January 2025

With Solana trading at $120.96 amid conflicting analyst forecasts and technical bearish signals, this SOL price prediction analyzes the immediate downside risk before potential recovery opportunities emerge in the new year.

SOL Price Prediction Summary

• SOL short-term target (1 week): $110-115 (-8% to -5%) • Solana medium-term forecast (1 month): $115-150 range with bias toward $130-135 • Key level to break for bullish continuation: $144.93 (immediate resistance) • Critical support if bearish: $110 (psychological level) and $100 (major support)

Recent Solana Price Predictions from Analysts

The current Solana forecast landscape presents a stark divide between institutional optimism and near-term technical reality. VanEck's aggressive SOL price target of $520 by end of 2025 assumes significant market share expansion from 15% to 22% in the smart contract sector. This represents a 330% upside from current levels, reflecting strong institutional confidence in Solana's long-term fundamentals.

However, short-term predictions paint a more cautious picture. CoinCodex's SOL price prediction of $122.50 by December 24 suggests limited upside from current levels, while Polymarket betting odds show 79% probability of SOL trading between $120-130, indicating market consensus around sideways action.

The disconnect between long-term bullish institutional views and short-term bearish technical sentiment creates an interesting setup for contrarian positioning, though technical indicators currently favor the bearish near-term view.

SOL Technical Analysis: Setting Up for Downside Test

Current Solana technical analysis reveals multiple bearish confluences supporting a move toward $110 support. With SOL trading below all major moving averages (SMA 7: $124.09, SMA 20: $129.26, SMA 50: $137.38), the trend structure remains definitively bearish across all timeframes.

The RSI at 36.54 sits in neutral territory but shows no signs of oversold bounce yet, while the MACD histogram at 0.0512 provides only minimal bullish divergence that lacks conviction. More concerning is SOL's position at 0.09 within the Bollinger Bands, indicating price is hugging the lower band support at $119.08.

Volume analysis shows elevated selling pressure with $315.9 million in 24-hour volume accompanying the -3.05% decline. This suggests institutional distribution rather than retail panic, supporting a more methodical decline toward the $110-115 support zone.

The daily ATR of $7.49 indicates SOL could easily move $15+ in either direction, but current momentum favors downside continuation toward the 52-week low area near $119.60.

Solana Price Targets: Bull and Bear Scenarios

Bullish Case for SOL

The SOL price target for bulls requires first reclaiming $124.09 (SMA 7) and then breaking through $129.26 (SMA 20). A successful break above $144.93 immediate resistance would target the $150 psychological level, representing 24% upside from current prices.

For this bullish scenario to unfold, SOL needs RSI to break above 50, MACD to show sustained positive momentum, and volume to increase on any breakout attempts. The strongest bullish signal would be a reclaim of $171.94 strong resistance, opening targets toward $200+.

Bearish Risk for Solana

The primary bearish SOL price prediction targets the $110 psychological support level, representing an 8.8% decline from current levels. A break below this zone opens the door to $100 major support, where buying interest historically emerges.

Given SOL's proximity to 52-week lows at $119.60, any break below current support at $116.88 would likely trigger algorithmic selling toward $110. The most bearish scenario sees SOL testing $95-100 if broader crypto markets deteriorate further.

Should You Buy SOL Now? Entry Strategy

Based on current Solana technical analysis, the recommendation is wait to buy SOL rather than chase current levels. The optimal entry strategy involves patience for better risk-reward setups.

Primary entry zone: $110-115 with stop-loss below $105. This provides 3:1 risk-reward targeting $135-140 recovery levels. Secondary entry: Any reclaim above $130 with volume confirmation, targeting $150 with stops below $125.

Position sizing should remain conservative given the 51% drawdown from 52-week highs. Consider dollar-cost averaging into weakness rather than full position entry, especially if broader market volatility persists through year-end.

For swing traders, the current setup favors short-term bearish trades targeting $110-115, while long-term accumulation strategies should wait for better technical confirmation.

SOL Price Prediction Conclusion

This SOL price prediction forecasts a near-term test of $110 support within the next 7-10 days, followed by potential recovery toward $130-150 by mid-January 2025. Confidence level: Medium-High for the downside target, Medium for the recovery timeline.

Key indicators to watch for prediction confirmation include RSI holding above 30 (currently 36.54), MACD showing increasing positive momentum, and volume patterns during any support tests. Invalidation occurs if SOL immediately breaks above $129.26 with strong volume.

The Solana forecast through January suggests range-bound trading between $110-150, with resolution likely dependent on broader crypto market sentiment and any significant network developments. Traders should prepare for continued volatility given the current technical setup and mixed analyst sentiment.