The Next Few Days Will Decide Whether Solana Price Pumps to $150 or Drops to $50

Solana has been crushed during the ongoing market downturn. After trading above $140 earlier this year, SOL is now hovering around the $80 level. The recent price action has been brutal, marked by steady lower highs and heavy sell pressure across the altcoin market.

Bitcoin sliding toward $65,000 has not helped. Liquidity is thin, sentiment is fragile, and traders are defensive. For Solana, the next few daily closes could determine whether this becomes a base for recovery or the start of a deeper leg lower.

Let’s break down the chart.

• Solana Chart Analysis

  • Support and Resistance Zones
  • RSI and Momentum
  • MACD Signals
  • Net Shorts vs Net Long Positioning

• What Could Affect SOL’s Future Price?

  • Fund Flows: A Relative Bright Spot
  • Phantom’s Growth: Structural Strength
  • Whale Behavior: Short-Term Caution

• Solana Price Prediction for the Upcoming Few Days

Solana Chart Analysis

I had a look at the SOL chart and Solana has been in a clear downtrend for the past few months. After topping near the $200–$210 region late last year, price formed a series of lower highs before accelerating downward.

The most recent selloff pushed SOL into the $67–$70 zone, where buyers briefly stepped in. That area now stands as the most important short-term support. Since that flush, price has bounced slightly, but the structure remains weak. SOL continues to trade below key mid-range resistance near $100 and well below the previous local highs around $140–$150.

Support and Resistance Zones

• Major Support: $70
• Critical Breakdown Level: $67
• Immediate Resistance: $95–$100
• Major Resistance: $140–$150

If $70 breaks decisively, the next structural support does not appear until much lower levels. A breakdown could open the door toward $50, which aligns with prior consolidation zones from earlier cycles.

On the upside, bulls need to reclaim $100 first. Without that, any bounce remains corrective.

Source: CoinAnk

RSI and Momentum

The RSI on the 4H timeframe is sitting in the mid-range, not oversold and not overbought. That suggests there is room for expansion in either direction. It also shows that the recent bounce lacks strong momentum.

Earlier in the downtrend, RSI failed to sustain moves above the 60 level, confirming bearish pressure. Until RSI starts forming higher highs alongside price, the broader trend remains fragile.

MACD Signals

The MACD shows repeated bearish crossovers over the past several weeks, reflecting sustained downward momentum. Although the histogram has slightly flattened after the latest bounce, there is no strong bullish crossover yet.

Momentum is stabilizing, but not reversing.

Net Shorts vs Net Long Positioning

The positioning data shows a notable shift over the past month. Net longs have been decreasing steadily, while net shorts have increased. This indicates that traders are leaning bearish and hedging downside risk.

A sharp increase in net shorts can sometimes trigger short squeezes if price moves higher unexpectedly. However, in the current environment, the trend still favors caution.

What Could Affect SOL’s Future Price?

While the chart looks heavy, fundamentals present a more mixed picture.

Fund Flows: A Relative Bright Spot

Digital asset investment products saw $288 million in net outflows for the week ending February 21, marking the fifth consecutive week of exits. Bitcoin and Ethereum products led the outflows.

Solana, however, recorded modest inflows of $3.3 million.

This is a neutral-to-bullish signal for SOL in a bearish macro environment. Capital is not aggressively fleeing Solana products, even while broader crypto investment vehicles bleed.

Phantom’s Growth: Structural Strength

Phantom, originally built as a Solana-native wallet, has grown to 22 million users and generated $320 million in revenue, up 60% year-over-year.

The wallet has expanded into perpetual futures, fiat on-ramps, and prediction markets, positioning itself as a multi-product crypto platform. CEO Brandon Millman has pointed to Solana’s speed and ecosystem growth as a core driver behind Phantom’s expansion.

This is structurally bullish for SOL. Phantom acts as a major distribution channel, onboarding users into the Solana ecosystem. More activity within Phantom means more transactions, more DeFi usage, and increased demand for SOL as a utility asset.

Read also: Solana Just Lost the RWA Crown to XRP Ledger as RLUSD Explodes Past $1B

Whale Behavior: Short-Term Caution

On-chain data also shows a large holder swapping a big amount of SOL into a gold-backed asset (XAUT). That move indicates some major players are rotating into defensive assets.

This is bearish in the short term. When whales move into perceived safety, it often signals concern about near-term volatility.

If selling pressure continues, the $70 level becomes the battleground.

Solana Price Prediction for the Upcoming Few Days

Right now, the probability leans bearish.

The macro backdrop is weak. Bitcoin is struggling. Momentum indicators have not flipped bullish. Net shorts are rising. A break below $70 could accelerate downside toward $50, especially if broader market sentiment worsens.

The bullish scenario requires a decisive reclaim of $100. If the SOL price can push above that level with strong volume and momentum, a squeeze toward $140–$150 becomes possible. That zone represents the next major resistance cluster.

However, in the current environment, a rapid move to $150 in the next few days looks unlikely unless Bitcoin stages a strong recovery.

The more realistic short-term path is continued volatility between $70 and $100, with downside risk slightly higher than upside probability.

The next few days will be critical.

If $70 holds and buyers step in aggressively, Solana could stabilize and attempt a recovery. If that level breaks, $50 enters the conversation quickly.

For now, the chart favors caution.