SOL Price Prediction: Oversold Conditions Target $110-115 Recovery by Mid-February
Rongchai Wang Feb 04, 2026 06:12
Solana trades at $97.71 with RSI at 27.14 showing extreme oversold conditions. Technical analysis suggests potential bounce to $110-115 within 2 weeks if support holds.
Solana (SOL) has experienced significant downward pressure, currently trading at $97.71 after a 5.26% decline in the past 24 hours. With technical indicators flashing oversold signals, this SOL price prediction examines whether the altcoin is positioned for a relief rally or further decline.
SOL Price Prediction Summary
• Short-term target (1 week): $103-108
• Medium-term forecast (1 month): $110-125 range
• Bullish breakout level: $108.32
• Critical support: $91.16
What Crypto Analysts Are Saying About Solana
While specific analyst predictions are limited in the current market cycle, recent forecasts from early 2026 provide context for Solana's trajectory. Rebeca Moen had projected SOL reaching $150 targets with key resistance at $142, while Darius Baruo suggested $162 potential within weeks, though these predictions preceded the current correction.
DigitalCoinPrice had forecasted SOL trading around $144.43 for February 4, 2026, significantly above the current $97.71 price level, highlighting how quickly market sentiment can shift in cryptocurrency markets.
According to on-chain data from major analytics platforms, SOL's trading volume remains robust at $491.6 million on Binance spot markets, suggesting institutional interest persists despite the price decline.
SOL Technical Analysis Breakdown
Solana's technical picture presents a classic oversold scenario with potential for reversal. The RSI (14-period) sits at 27.14, well below the traditional oversold threshold of 30, indicating selling pressure may be exhausted.
The MACD histogram at 0.0000 shows bearish momentum has stalled, though the MACD line remains negative at -8.8134. This divergence often precedes trend reversals in cryptocurrency markets.
Bollinger Bands analysis reveals SOL trading near the lower band at $94.11, with the current %B position at 0.0650. Historically, when assets trade this close to the lower Bollinger Band, bounce attempts frequently occur within days.
Key resistance levels emerge at $103.01 (immediate) and $108.32 (strong resistance). The pivot point sits at $99.74, representing a crucial level for bulls to reclaim. Support levels are established at $94.43 (immediate) and $91.16 (strong support).
Solana Price Targets: Bull vs Bear Case
Bullish Scenario
If SOL can reclaim the $99.74 pivot point, the path opens toward $103.01 resistance. A break above this level could trigger algorithmic buying, pushing Solana toward the $108.32 strong resistance zone.
The bullish case for this SOL price prediction relies on the extreme oversold RSI generating a relief rally. Historical patterns suggest RSI readings below 30 often precede 10-15% bounces within 5-10 trading days.
A sustained move above $108.32 could target the EMA 12 at $111.45, representing a potential 14% upside from current levels.
Bearish Scenario
The bear case centers on a breakdown below $94.43 immediate support. Such a move would likely accelerate selling toward the $91.16 strong support level, representing a 7% decline from current prices.
A failure to hold $91.16 could open the door to deeper correction, potentially targeting the $80-85 range where longer-term buyers might emerge.
The bearish Solana forecast gains credence from the positioning below all major moving averages, with the SMA 200 at $168.91 highlighting the significant distance from long-term trend support.
Should You Buy SOL? Entry Strategy
Based on current technical conditions, a scaled entry approach appears prudent. Initial positions could be considered on any spike above $99.74, with additional accumulation on successful breaks above $103.01.
Conservative traders might wait for RSI to exit oversold territory above 35 before initiating positions. This would provide confirmation that selling pressure is genuinely subsiding.
Stop-loss levels should be placed below $91.16 to limit downside exposure. Position sizing should reflect the high volatility environment, with the Average True Range (ATR) at $7.59 indicating significant daily price swings.
Conclusion
This SOL price prediction suggests Solana's extreme oversold conditions create opportunity for patient investors. The technical setup favors a relief rally toward $110-115 within two weeks, assuming support levels hold.
However, the broader cryptocurrency market environment and SOL's positioning below all major moving averages warrant caution. The most probable scenario involves choppy consolidation between $91-108 before a clearer directional move emerges.
Cryptocurrency price predictions carry significant risk. This analysis is for educational purposes and should not constitute investment advice. Always conduct your own research and consider your risk tolerance before trading.
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