Solana Price Prediction – Will the Recovery Extend Past $130?

Highlights:

• Solana price retests 0.5 Fibonacci level amid bearish momentum.
• Technical indicates bullish momentum building in lower timeframes.
• $74 and $50 remain key support levels if the decline resumes.

Solana (SOL) price continues to hover close to the $100 mark amid ongoing bearish pressure. The coin has dropped by over 15% in the past week, reflecting the broader trend in the crypto market. This decline followed a failed attempt to reclaim levels near $300, where sellers regained control. The current pullback has intensified following a market-wide dip triggered by political developments tagged as “Trump’s Liberation Day.”

The SOL price fell beneath an essential rising support area that maintained its position over the entire year of 2024. Analysts predict that a further price decline under $80 will happen if the 200-week moving average breaks. 

The price shows potential to rebound as long as bulls manage to maintain their stance near the rising support. SOL will likely choose its next trajectory based on when buying pressure becomes active during market stabilization. The recent volume data shows high trading activity where investors spent over $5.38 billion in the past day which resulted in a 6.37% growth.

The total crypto market cap currently holds $2.49 trillion from its 1.72% daily growth. The global crypto volume exceeded $136.42 billion during a 24-hour period, with a 26.01% rise. Market traders face uncertainty because volatility affects how Solana and other market assets can recover.

Crypto Analyst Ali Warns Solana May Test Support Levels at $74 and $50

The crypto analyst Ali has used Fibonacci retracement levels to determine two vital support zones for Solana price movements. The analyst focuses on the following two particular price points at $74 and $50 in his analysis. The identified levels serve as strong defense points if Solana faces an extended price drop.

After reaching its peak point Solana price retreated according to the April 8 chart provided in a tweet. The price currently trades around $103. The price has dropped steadily from $200 leading to its proximity to the 0.5 Fibonacci level.

The March peak has been followed by a continuous pattern of decreasing high prices according to this visual representation. The price movement matches the overall market downturn of the crypto market. The Solana price area near $103 has previously been touched multiple times at its 0.5 Fibonacci level.

#Solana $SOL faces key support at $74 and $50, based on Fibonacci retracement levels! pic.twitter.com/w3xBxl20Mf

— Ali (@ali_charts) April 9, 2025

SOL Price Recovers 10% as Bulls Target $130

The latest Solana price hovers near $114 after a slight recovery over the past 4 hours. The SOL token surged 10%, showing renewed bullish pressure. The rally began from a low of around $106, pushing the asset back above the psychological $110 mark. The current breakout shows strength as SOL tries to push toward the $120 resistance zone. 

The Moving Average Convergence Divergence (MACD) shows a bullish crossover. The MACD line crossed above the signal line and now stands at 0.944. This suggests increasing positive momentum, with the potential for a continuation of the current recovery trend. The Relative Strength Index (RSI) in the 4-hour timeframe climbed to 58. It moved from below 30, indicating strengthening buying pressure.

Solana’s price dipped toward the $100 support area but saw a quick rebound. The $100 zone has held strong for now, confirming it as a key defense level for buyers. If this trend continues, bulls could gain confidence to test higher resistance levels in the coming sessions.

The next resistance lies near $120. If SOL closes a 4-hour candle above that, the price could extend to $130. Beyond $130, the rally may target the March highs if broader market sentiment improves. However, a failure to sustain above $115 may trigger a drop back to immediate support at $100. If the $100 level breaks, downside continuation may take the token toward the $90 range, where the previous base formed.