Will Solana Bounce 25% or Dump 35%? Chart Reveals All

SOL/USD Daily Chart- TradingView

Solana (SOL) is currently trading around $133, attempting to hold above a critical Fibonacci support zone. After hitting a recent high near $188 in late May, the price has been on a steady decline. Whats more telling is the use of Heikin Ashi candles, which reveal a strong, sustained downtrend — marked by consecutive red candles without lower wicks. This is a clear sign of bearish dominance.

Support has temporarily held near $128–$130, which aligns with the 38.2% Fibonacci retracement from the last major rally. If this level breaks decisively, SOL price could rapidly fall to the next cluster of support at $116 or even $102, which is the 61.8% Fib zone.

What Does RSI Say About a Reversal？

The Relative Strength Index (RSI) currently stands at 30.26, brushing the oversold boundary. Historically, this is where Solana tends to react — either pausing its fall or bouncing for a short-term rally. However, it‘s important to note that RSI alone doesn’t confirm a reversal, especially during strong bearish trends.

In early April, a similar RSI level led to a bounce of nearly +38% over 18 days. If history rhymes, a potential rebound from $130 could push SOL price back to $152–$160 in the short term — representing an approximate 20%–25% upside.

Will Solana Fall Below $100？

The major concern now is the lack of bullish momentum and volume. The Heikin Ashi candles continue to close red with barely any upper wicks, meaning buying pressure is nearly absent. If the $130–$128 zone gives out, theres very little structural support until $102, and a flash drop to $85 is not out of question — especially if broader market sentiment weakens further.

Lets consider this downside scenario:

From current price of $133

• Drop to $102 = ~23% downside
• Drop to $85 = ~36% downside

This kind of move would likely coincide with a full risk-off move in altcoins or broader market panic.

Is There Any Bullish Scenario for SOL Price in the Near Term？

Yes — but its conditional. If bulls manage to defend the $130 mark and push the price above $138–$140, that could trigger a short squeeze rally. The next immediate resistance would be around $152, followed by $165. For that to happen, RSI must reverse above 40, and we need green Heikin Ashi candles with upper wicks — a sign that buyers are fighting back.

A possible bullish move from $133 to $165 would yield nearly +24%, giving swing traders an opportunity — provided a confirmation signal like a bullish engulfing or RSI divergence appears.

Solana Price Prediction: Whats Next？

• Bearish Scenario: Break below $128 → free fall to $116, then $102
• Bullish Scenario: Hold $130 and break above $140 → bounce to $152 or $165
• Neutral Outcome: Consolidation between $130–$140 with no major breakout until July

Considering the current chart structure, the bias remains bearish until SOL price breaks above the $140–$142 resistance zone with strength. RSI being oversold is a watch point, but without price action confirmation, caution is warranted.