Solana price prediction: $80 support in focus? SOL drops 3.53%

Traders Union
All News
Crypto
Solana slides 3.53% to $81.10 today

Highlights

Escalating US-Iran tensions are driving risk aversion and accelerating outflows from cryptocurrencies, pressuring Solana toward the $80 level.
Broader macroeconomic shifts and heightened geopolitical instability have caused capital rotation into safe havens at the expense of digital assets like Solana.
Technical indicators are decisively bearish with Solana trading below key averages, momentum deeply negative, and the expected trading range narrowing to $78.80–$84.00 with downside risk prevailing.

Solana selling intensifies as geopolitical risks drive capital outflows

Geopolitical tensions between the US and Iran have intensified, negatively impacting broader risk sentiment and accelerating losses in Solana, with the asset trading toward the $80 mark. Persistent macroeconomic shifts and escalating geopolitical instability have driven capital toward perceived safe havens, increasing outflows from cryptocurrencies such as Solana. On Tuesday, the head of business development at XS.com attributed Bitcoin’s downward correction and sector-wide asset bleeding to these factors, with Solana slightly outperforming but still subject to the same risk-off dynamics.

Technical ceilings cap upside as indicators reinforce seller dominance

SOL faces immediate resistance at the SMA-20 ($88.36), SMA-50 ($86.51), and the SMA-200 ($106.03), with the Ichimoku Kijun at $89.96 setting a nearby technical ceiling. Momentum indicators reinforce persistent selling pressure: MACD indicates a sell, ADX on the D1 remains weak, and RSI is subdued at 39.1. Both Stoch RSI and CCI are deep in oversold territory, while BBP at -0.87 confirms the dominance of sellers. The Awesome Oscillator also aligns with the prevailing negative momentum. Today's price traded near the session low within the $80.14–$82.72 band, with moderate volatility and no observed bullish divergence.

Sideways action expected as volatility persists and upside chances fade

Over the next five trading days, SOL is expected to remain within a volatility band of $78.80 to $84.00. The likelihood of a price increase is low (less than 20%), so the base case is continued sideways movement within this range. A material bullish reversal would require a sustained break above resistance near $90.00, while a decisive failure at $80.00 could expose lower support levels.

Viktoras Karapetjanc, expert at Traders Union, sees Solana as pressured by strong risk-off flows amid global macro and geopolitical instability. He notes that despite the adverse environment, SOL remains resilient compared to peers, but broad selling still dominates. Technicals confirm the weak sentiment, with limited upside as long as resistance near $90.00 holds. "Short-term, I expect Solana to hold its ground in the $78.80–$84.00 range, but a sustained breakout will need improving macro and risk sentiment," says Karapetjanc.

Earlier, analysts noted that Solana was experiencing persistent bearish momentum despite ecosystem developments, with sellers firmly in control. The current analysis not only reaffirms this entrenched downside bias amid heightened geopolitical pressures, but also highlights the importance of monitoring for a potential break below $80.00 as a trigger for renewed volatility and further declines.

Source of Data: SOL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.