Solana Price Analysis: Will SOL Hit $157 or Face Decline? Experts Weigh In

Current Price and Key Support Levels

Solana ($SOL) has shown signs of volatility, with experts closely monitoring its price movements. At press time, the price stands at $136.42, reflecting a 4.25% increase in the last 24 hours.

According to Ali Martinez, a respected crypto analyst, Solana must maintain the $124 price point to prevent a deeper decline. If the price breaks below this critical level, it could drop further toward $115 or even as low as $106.

Martinez highlighted, "The $124 support is crucial for Solana’s stability. If the price falls below this level, we may see a larger price decline."

For now, the price is holding above this critical support, but traders are cautious about potential movements in the coming days. Resistance levels are seen around $138 and $148, where any breakout could signal a bullish trend.

Resistance Levels and Bullish Target of $157

Meanwhile, analyst Nihilus predicts a target price of $157 for Solana. His analysis suggests that the cryptocurrency could rise if it manages to break through the key resistance levels around $148.

Nihilus recommends a stop-loss at $127.19 for anyone trading Solana, given the market’s volatility. The price action currently suggests that a rise to $157 is possible, but it will depend on overcoming the resistance at $138.

Long-Term Bearish Outlook Despite Short-Term Potential

However, AlΞx Wacy has predicted that the price of Solana could fall drastically by 2026, potentially reaching a range of $20–$40. According to Wacy, while a new all-time high (ATH) could be achieved in the short term, a significant price correction could follow.

Despite the optimism surrounding Solana’s short-term potential, Wacy’s forecast serves as a reminder to investors that long-term risks should not be ignored.

As Solana’s price hovers around $136.42, traders are watching key levels closely. The $124 support and resistance points at $138 and $148 will play a vital role in determining whether Solana can maintain its upward trajectory or face further declines.