Former fund manager establishes a 2026 price forecast for Solana

crypthub

about 2 hours ago

Near‑Term Price Outlook

Solana (SOL) is expected to fall more than 46% after a prolonged consolidation that began in early February 2026. Analysts see a bearish pennant forming, indicating the downtrend will likely resume. The projected target for the next few months is around $42.5 per SOL. This outlook dominates over any upside scenarios.

Technical Signals

SOL has consistently closed below a strong buy‑zone near $112, confirming a multi‑year reversal pattern. A break above this former support, now acting as resistance, could spark a rally toward $247, yet this remains a secondary, less likely case. The primary chart view stays bearish as the pennant suggests continuation of the decline.

Fundamental Weaknesses

Open interest on Solana contracts has plunged from $15.09 bn in October to about $4.82 bn, reflecting dwindling trader exposure. Institutional demand via spot SOL ETFs dropped sharply, falling from a $419 m peak in November 2025 to roughly $1.2 m in March 2026. Without renewed derivative or ETF inflows, bearish pressure is expected to persist.