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SOL Price Prediction: Solana Eyes $95-105 Recovery by March Despite 10% Correction

SOL Price Prediction: Solana Eyes $95-105 Recovery by March Despite 10% Correction WikiBit 2026-02-28 15:39

SOL drops to $78.86 amid bearish momentum, but technical analysis suggests potential

SOL Price Prediction Summary

• Short-term target (1 week): $83-85

• Medium-term forecast (1 month): $95-105 range

• Bullish breakout level: $89.70 (Upper Bollinger Band)

• Critical support: $75.26

What Crypto Analysts Are Saying About Solana

Recent analysis from blockchain industry experts provides mixed signals for Solanas near-term outlook. Felix Pinkston noted on February 27, 2026: “Solana shows mixed signals at $87.41 with neutral RSI and key resistance at $91. Technical analysis suggests SOL could target $95-105 range within 4 weeks if momentum shifts bullish.”

Tony Kims February 24 analysis outlined clear targets: “Short-term target (1 week): $83-85. Medium-term forecast (1 month): $110-135 range. Bullish breakout level: $90.58 (Upper Bollinger Band). Critical support: $72.45.”

While specific analyst predictions vary, on-chain metrics from major data platforms suggest Solanas fundamentals remain strong despite the current price correction.

SOL Technical Analysis Breakdown

Solanas current technical picture reveals a cryptocurrency in consolidation after a significant pullback. Trading at $78.86, SOL has declined 9.71% in the past 24 hours, testing critical support levels.

The RSI reading of 37.83 places Solana in neutral territory, suggesting the asset isnt oversold despite the recent decline. This neutral RSI reading indicates potential for both upside recovery and further downside if support fails.

The MACD histogram at 0.0000 signals bearish momentum has stalled, though it hasnt yet turned bullish. This flatlining could indicate an impending directional move as the market decides between continuation of the downtrend or reversal.

Bollinger Bands analysis shows SOL trading near the lower band at $76.89, with a %B position of 0.1548. This positioning near the lower band often indicates oversold conditions and potential bounce opportunities. The upper Bollinger Band at $89.70 represents immediate resistance for any recovery attempt.

Key support levels to watch include the immediate support at $75.26 and stronger support at $71.67. On the upside, immediate resistance sits at $85.19, followed by stronger resistance at $91.53.

Solana Price Targets: Bull vs Bear CaseBullish Scenario

The bullish case for this SOL price prediction centers on Solana defending the $75.26 support level and staging a recovery toward the upper Bollinger Band. If bulls can push price above $85.19, the path opens toward $89.70-$91.53 resistance zone.

Technical confirmation for the bullish scenario would require RSI moving above 50, MACD turning positive, and volume increasing on any upward moves. A successful break above $91.53 could target the $95-105 range within the next month, aligning with analyst Felix Pinkstons medium-term Solana forecast.

The 20-day moving average at $83.29 represents an initial hurdle, but reclaiming this level would signal the beginning of trend recovery.

Bearish Scenario

The bearish case for SOL involves a breakdown below the critical $75.26 support level. Such a move would target the stronger support at $71.67, representing additional 9% downside from current levels.

Risk factors include broader cryptocurrency market weakness, continued selling pressure from recent highs, and failure to reclaim key moving averages. The wide gap between current price and the 50-day moving average at $105.72 indicates the strength of the recent correction.

If $71.67 fails to hold, SOL could face further declines toward psychological support levels in the $65-70 range.

Should You Buy SOL? Entry Strategy

For those considering SOL exposure, the current technical setup offers defined risk-reward opportunities. Conservative buyers might wait for a successful test and hold of the $75.26 support level before entering positions.

More aggressive traders could consider scaling into positions between current levels and $75, using the $71.67 level as a stop-loss point. This approach provides roughly 3-4% downside risk while targeting 8-15% upside potential toward the $85-90 resistance zone.

Risk management remains crucial given SOLs current volatility of $5.29 (14-day ATR). Position sizing should account for potential swings of 6-7% in either direction on any given day.

Entry near current levels offers favorable risk-reward ratios for patient investors, particularly if Solana can demonstrate technical strength above the lower Bollinger Band.

Conclusion

This SOL price prediction suggests Solana remains in a critical technical juncture following its recent 10% correction. While near-term bearish momentum has stalled, the cryptocurrency needs to demonstrate strength above $75 support to confirm any recovery scenario.

The medium-term Solana forecast appears cautiously optimistic, with analyst targets in the $95-105 range appearing achievable if technical conditions improve. However, traders should remain vigilant of the $71.67 support level, as a breakdown below this point could signal extended weakness.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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