SOL Price Prediction: How High Can It Go From Key Support?

#SOL

• Critical Technical Support: SOL is testing the lower Bollinger Band at $87.71. Holding this level is paramount to prevent a deeper correction toward $80.
• Fundamental vs. Technical Dissonance: While price action is weak, network developments like the RWA facility and sustained activity provide a strong fundamental backbone that may limit downside.
• Path-Dependent Outlook: The price trajectory is binary in the short term. A hold of support suggests a rally to $118+ is next, while a break lower could see a quick 10% decline before stabilization.

SOL Price Prediction

Technical Analysis: SOL at Critical Juncture

As of February 6, 2026, SOL is trading at $84.90, significantly below its 20-day moving average of $118.52, indicating a bearish short-term trend. The MACD reading of 4.73, while positive, shows weakening momentum as the histogram has contracted from recent highs. The price is currently testing the lower Bollinger Band at $87.71, which now acts as a key support level. A sustained break below this could trigger further selling pressure toward the $80 zone. The wide gap between the upper ($149.33) and lower bands suggests elevated volatility, typical of crypto assets during consolidation phases. 'The convergence of price at the lower Bollinger Band alongside a still-positive MACD creates a tension between immediate oversold conditions and broader bearish structure,' says BTCC financial analyst Olivia.

Market Sentiment: Fundamentals Offer Counterbalance

Recent developments provide a fundamental counter-narrative to the technical weakness. The launch of a standing buyer facility for tokenized real-world assets (RWAs) on solana by Multiliquid and Metalayer signals growing institutional utility and demand for the network's infrastructure. Furthermore, while Kyle Samani's step down from Multicoin Capital might raise short-term questions, his continued bullish stance on Solana, coupled with a focus on AI and robotics—sectors increasingly built on blockchain—is a long-term positive. The surge in network activity, even as price tests support, indicates robust underlying usage. 'The news flow underscores Solana's evolution beyond pure speculation into a platform for tangible financial innovation. This fundamental strength could cushion downside and provide fuel for the next rally,' notes BTCC's Olivia. This sentiment must be weighed against the prevailing technical headwinds.

Factors Influencing SOL’s Price

Multiliquid and Metalayer Launch Standing Buyer Facility for Tokenized RWAs on Solana

Solana's $1B+ tokenized RWA ecosystem gains a critical liquidity backstop as Multiliquid and Metalayer Ventures introduce an instant redemption facility. The on-chain buyer absorbs exits during issuer delays, mirroring TradFi liquidity windows while leveraging Solana's speed.

Metalayer funds the pool backing continuous conversions, addressing a key bottleneck as tokenized asset volumes surge. The structure dynamically prices redemption requests, providing stability without traditional settlement lag.

This institutional-grade solution arrives as Solana cements its lead in RWA tokenization, with activity now eclipsing early-stage TradFi adoption curves. Market makers note the facility could unlock another $500M in dormant capital seeking shorter-duration exposure.

Solana (SOL) Tests Key Support Amid Network Activity Surge

Solana's native token SOL breached the $90 level this week, marking a 16% weekly decline as crypto markets faced broad selling pressure. The drop mirrors retreats in Bitcoin (below $73,000) and Ethereum (under $2,100), with SOL failing to hold critical support at $100.

Paradoxically, network activity hit record highs during the selloff. The blockchain processed 148 million transactions on January 30—excluding governance votes—demonstrating robust underlying usage. Tokenized stocks on Solana now command a $230 million market cap, suggesting institutional infrastructure continues expanding despite price volatility.

Technical charts warn of potential further downside toward $85, though some analysts project a $2,000 price target by 2030. ETF inflows remain tepid at under $9 million daily, while derivatives markets reflect bearish positioning.

Multicoin Capital's Kyle Samani Steps Down to Pursue AI and Robotics, Remains Bullish on Solana

Kyle Samani, co-founder and managing partner of Multicoin Capital, announced his departure from the crypto-focused investment firm after nearly a decade in the industry. The move marks a pivotal shift for one of crypto's most influential figures, though Samani emphasized continued personal investments in digital assets.

Multicoin Capital, which manages $5.9 billion in assets, gained prominence through early bets on Solana (SOL) starting in 2018. Samani retains conviction in Solana's ecosystem and broader crypto adoption catalysts like the Clarity Act. Tushar Jain and Brian Smith will assume day-to-day leadership while Samani transitions to chairman of Forward Industries.

The departure underscores crypto's maturation as veterans explore adjacent technologies. "I'm excited to explore new areas like AI and robotics," Samani noted, framing the transition as complementary rather than competitive with blockchain's growth trajectory. Market observers will watch how his thesis evolves across these converging sectors.

How High Will SOL Price Go?

Based on the current technical setup and fundamental developments, SOL's path is contingent on holding key support. A breakdown below the $87.71 lower Bollinger Band could see a swift move toward $75-$80. However, the positive fundamental catalysts suggest this support may hold. If it does, a relief rally first targeting the 20-day MA near $118.50 is plausible in the coming weeks. A decisive break above this moving average, fueled by continued positive network news, could open the door for a retest of the upper Bollinger Band near $149.33.