Solana Price Prediction: Will SOL Hold $83.70 or Slide Toward $73?

Solana has reached a key point where two chart setups now pull in opposite directions. One shows a breakout holding above $83.70 with room toward $88, while the other warns that if support fails, SOL could slide toward $73.68.

Solana Holds Key Support as Traders Watch for a Push Toward $88

Solana is trying to stabilize after a sharp rebound, and the chart shared by Crypto Tony points to $83.70 as the level that could decide the next move. If SOL holds above that area, the setup suggests price may continue higher toward $88 in the near term.

The 4 hour chart shows Solana recovering strongly from the recent low near the upper $78 range. After that bounce, price pushed back above the horizontal level around $83.70 and is now trading near $84.7. That move matters because the same area had acted as resistance earlier, and SOL is now trying to turn it into support.

Solana 4 Hour Chart. Source: Crypto Tony on X

This is the key part of the setup. When a former resistance level starts holding as support, it can signal that buyers are gaining control. In this case, the chart suggests Solana needs to stay above $83.70 to keep the recovery structure intact. If that happens, the next upside target sits near $88, which is the next visible resistance area on the chart.

At the same time, the breakout still needs confirmation. A quick move above resistance does not always hold, especially after a strong vertical candle. So traders will likely watch whether SOL can remain above $83.70 over the next candles instead of falling back below it. If price slips under that level again, the move could turn into a false breakout rather than a clean reversal.

For now, the chart leans short term bullish, but only while Solana holds the breakout zone. Above $83.70, the path toward $88 remains open. Below it, the recovery may lose strength and send SOL back into its prior range.

Solana Tests Key Support as Falling Wedge Keeps Reversal Hopes Alive

Solana is sitting at a support zone that now looks critical for the near term trend. The chart shared by DonWedge shows a red support box that must hold. Otherwise, the next downside level sits near $73.68.

Solana 4 Hour Chart. Source: DonWedge on X

The setup comes after a bearish rising wedge already broke down. That earlier pattern pointed to weakness, and the chart shows that move played out. Since then, SOL has continued lower, but the structure now appears to be shifting into a falling wedge. That pattern is usually seen as a bullish reversal setup, especially when price starts compressing between lower highs and a narrowing downside channel.

Right now, the red support box is the key area to watch. If buyers defend that zone, the falling wedge structure stays valid and could support a rebound attempt. In that case, the market may try to push back toward the upper wedge boundary first.

However, if SOL loses that support box, the chart suggests a move toward $73.68 could come next. Below that, the larger pink trendline near $61.78 remains the broader downside level on the chart. So while the wedge gives bulls a possible reversal structure, support still needs to hold before that idea gains strength.

At this stage, the chart shows a market at decision point. The bearish rising wedge has already done its damage. Now the focus shifts to whether the newer falling wedge can produce a reversal instead of another leg lower.