Solana Price Prediction: Can $68 Support Spark a SOL Rebound？

Solana has reached its short-term downside target after falling below key resistance, but the drop has pushed $SOL into a major long-term accumulation zone. Analysts are now watching whether support between $50 and $70 can spark a recovery similar to the rally that followed its previous market bottom.

Solana Hits $68 Target After Rejection Near 200 SMA

Solana has reached the $68 downside target after failing to break above a major resistance zone on the four-hour chart.

$SOL/USD Four-Hour Chart. Source: Ali Charts (@alicharts) on X

The chart shows $SOL facing repeated selling pressure near $74, where the descending 200-period simple moving average added further resistance. A TD Sequential sell signal also appeared near the local high, supporting the bearish reversal.

$SOL then fell through the $72 and $70 levels before trading near $68.88. The move confirms Ali Charts $68 target, although price is now approaching an area where buyers may attempt to defend support.

If $68 holds, Solana could stage a short-term rebound toward $70 and $72. However, a clear break below this level could expose the next support near $67.

Solana Returns to Historic Buy Zone as $1,000 Target Emerges

Solana has returned to a long-term accumulation zone that preceded its previous 2,200% rally, putting a possible major recovery back in focus.

$SOL/USDT Monthly Fibonacci and Accumulation Chart. Source: Crypto Patel (@CryptoPatel) on X

The monthly chart shows $SOL trading near $69 after breaking below support around $98.80. Price is now inside the highlighted accumulation zone between roughly $50 and $70, with the 0.618 Fibonacci level near $50.02 acting as an important lower boundary.

Crypto Patel compares the current structure with Solanas 2022–2023 bottom, when $SOL consolidated near long-term support before climbing more than 2,000%. A similar percentage move from the current zone could take $SOL toward $1,000, although this remains a long-term projection rather than a confirmed target.

For the bullish scenario to strengthen, Solana would first need to recover above $98.80 and then challenge the wider resistance zone near $297. Continued weakness below $50 could instead expose monthly support around $32.89 and $26.36.

For now, the $50–$70 range remains the main accumulation area, while $100 is the first major level bulls need to reclaim.