SOL Price Prediction: Oversold Bounce Targets $105-110 by Mid-February
Lawrence Jengar
Feb 05, 2026 09:57
Solana trades at $92.56 with RSI at oversold 25.19 levels. Technical analysis suggests potential bounce to $105-110 range within 10 days if key support holds.
SOL Price Prediction Summary
• Short-term target (1 week): $105-110
• Medium-term forecast (1 month): $95-125 range
• Bullish breakout level: $118.90 (SMA 20)
• Critical support: $85.05
What Crypto Analysts Are Saying About Solana
While specific analyst predictions are limited for the current market cycle, historical forecasts from early January provide context. According to blockchain analytics, earlier predictions from Rebeca Moen targeted $150 levels when SOL was trading significantly higher at $138.95, while Darius Baruo suggested $162 potential within three weeks. However, these forecasts preceded the current correction phase.
According to on-chain data platforms, Solana’s technical positioning has shifted dramatically from those earlier bullish calls. The current oversold conditions present a different risk-reward scenario than the optimistic targets suggested in early January.
SOL Technical Analysis Breakdown
The SOL price prediction landscape has changed significantly with Solana trading at $92.56, down 4.85% in the last 24 hours. The RSI reading of 25.19 indicates severely oversold conditions, historically suggesting potential for a technical bounce.
The MACD indicator shows bearish momentum with a reading of -10.0119, though the histogram at 0.0000 suggests the selling pressure may be stabilizing. Solana’s position within the Bollinger Bands at 0.0502 indicates the price is hugging the lower band at $89.62, with the middle band (20 SMA) at $118.90 serving as a key resistance level.
Key moving averages paint a bearish picture with SOL trading below all major averages: 7-day SMA at $101.58, 20-day SMA at $118.90, 50-day SMA at $126.48, and the critical 200-day SMA at $168.44. The immediate resistance sits at $96.81, while strong resistance emerges at $101.05.
Solana Price Targets: Bull vs Bear Case
Bullish Scenario
The Solana forecast suggests a potential bounce to $105-110 if the current support zone around $88.81-$85.05 holds firm. The oversold RSI condition historically leads to relief rallies, with the first target being the 7-day SMA at $101.58. A break above $101.05 strong resistance could extend the bounce toward the $110-115 range, targeting the lower boundary of the 20-day SMA resistance zone.
For a sustained bullish reversal, SOL would need to reclaim the $118.90 level (20-day SMA) and hold above it for multiple sessions. This would require significant buying volume exceeding the current 24-hour volume of $656.9 million.
Bearish Scenario
If the $85.05 strong support fails, the SOL price prediction turns significantly more bearish. The next major support doesn’t appear until psychological levels around $75-80. Given the distance from all major moving averages, a continued breakdown could target the $70-75 range, representing additional 20-25% downside from current levels.
The bearish case gains strength if Bitcoin and broader crypto markets continue declining, as Solana typically correlates strongly with overall market sentiment.
Should You Buy SOL? Entry Strategy
The current oversold conditions present a potential accumulation opportunity for risk-tolerant investors. A staged entry approach targeting $90-95 for the first position, with additional buys on any dip to $85-88 range, could be prudent.
Stop-loss levels should be placed below $82 to limit downside risk. For swing traders, the $96.81 immediate resistance offers a logical profit-taking level, while longer-term holders might target the $105-110 range.
Risk management remains crucial given SOL’s high volatility, with the 14-day ATR at $8.07 indicating significant daily price swings are normal.
Conclusion
The SOL price prediction for the next 1-2 weeks suggests a technical bounce to $105-110 is possible, driven by oversold RSI conditions and proximity to Bollinger Band support. However, the broader Solana forecast remains cautious given the bearish positioning below all major moving averages.
The 70% confidence level applies to the short-term bounce scenario, while medium-term direction depends heavily on broader crypto market recovery and Bitcoin’s performance above $40,000 levels.
Disclaimer: Cryptocurrency price predictions involve significant risk. This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and risk assessment before making investment decisions.
Image source: Shutterstock
