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Solana Price Prediction: Buying Pressure Just Doubled — Is SOL About to Explode Past $100?

Solana Price Prediction: Buying Pressure Just Doubled — Is SOL About to Explode Past $100?

Author:
Cryptonews
Published:
2026-03-13 23:15:00
13
3

Solana (SOL) faces a potential 10% correction as technical indicators flash warning signs despite recent bullish momentum. The cryptocurrency's 5% surge in 24 hours masks underlying volatility risks, with on-chain data revealing a critical shift in holder behavior that could trigger immediate price pressure.

Source: Glassnode

But the picture is not clean on all fronts. While price has trended higher since March 1, the Smart Money Index has actually trended lower over the same period, forming a bearish divergence that historically precedes slowdowns or reversals.

On top of that, the bounces are forming inside a developing head-and-shoulders pattern on the 8-hour chart. The 1-year to 2-year holder cohort began trimming exposure right around March 4 when the head formed, dropping from 16.27% to 15.83% of the circulating supply. Small number, meaningful signal.

The next few candles could decide which side wins.

Solana Price Prediction: Is The Bearish Phase Over?

SOL is currently sitting at a technical crossroads with 2 clear scenarios playing out from here. The first resistance wall is at $91. A clean 8-hour close above that level weakens the bearish structure and keeps the bullish case alive.

A break above $94 would invalidate the head-and-shoulders pattern entirely and open the door for a run toward $100 and beyond.

Source: SOLUSD / TradingView

On the downside, losing $87 puts $85, $84, and $82 in play where buyers have previously stepped in. The level that truly matters, though, is $77, the neckline of the head-and-shoulders.

If that breaks, the pattern activates and the measured move points to a 13% decline toward the $67 to $68 region. SOL needs to hold structure and break $94 to confirm this accumulation surge means anything.

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