Fast execution, robust charts, clean risk controls.
👉 Open account →
COINOTAG recommends • Exchange signup
🚀 Smooth orders, clear control
Advanced order types and market depth in one view.
👉 Create account →
COINOTAG recommends • Exchange signup
📈 Clarity in volatile markets
Plan entries & exits, manage positions with discipline.
👉 Sign up →
COINOTAG recommends • Exchange signup
⚡ Speed, depth, reliability
Execute confidently when timing matters.
👉 Open account →
COINOTAG recommends • Exchange signup
🧭 A focused workflow for traders
Alerts, watchlists, and a repeatable process.
👉 Get started →
COINOTAG recommends • Exchange signup
✅ Data‑driven decisions
Focus on process—not noise.
👉 Sign up →
Solana’s price trajectory exhibits mixed signals, with a potential drop to $13.5 in a bearish scenario.
The descending wedge on the daily chart indicates a 50% chance of a price surge.
Bitcoin’s price plummeted to $26,200 at the time of writing, impacting the overall market sentiment.
Unraveling the future of Solana amidst a volatile crypto market, this article provides an in-depth analysis of its price trends and potential scenarios.
Understanding Solana’s Market Performance
SOLUSDT 4H BINANCE CHART
The year 2021 was a roller coaster ride for crypto investors, marked by significant price rallies. However, the first nine months of 2023 have been less rewarding, with only a few altcoins offering substantial returns. Solana (SOL), a star of the previous bull run, has experienced significant losses since the November crash, causing severe damage to the Solana community.
Forecasting Solana’s (SOL) Price Trends
SOLUSDT 1D BINANCE CHART 15 SEPT
Once considered a strong contender against Ethereum, Solana has now reached its long-term horizontal and diagonal support levels. While the weekly chart readings suggest a continuation of the bearish trend, the daily chart offers hope for a bullish turnaround. The price has dropped to $18 from its July peak of $32.13. This area, barring June, has been a crucial support point for the bulls throughout the year. The current negative sentiment seems to be linked to the SOL Coin assets held by FTX that are set to be unlocked.
The reaction of Solana at the $18 region will determine its future price movement. A bounce could lead to a 50% increase, testing the $27 resistance area, which has been a challenging target for the bulls throughout the year. On the other hand, in a bearish scenario, the price could potentially drop by 30% to $13.5.
COINOTAG recommends • Professional traders group
💎 Join a professional trading community
Work with senior traders, research‑backed setups, and risk‑first frameworks.
👉 Join the group →
COINOTAG recommends • Professional traders group
📊 Transparent performance, real process
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing.
👉 Get access →
COINOTAG recommends • Professional traders group
🧭 Research → Plan → Execute
Daily levels, watchlists, and post‑trade reviews to build consistency.
👉 Join now →
COINOTAG recommends • Professional traders group
🛡️ Risk comes first
Sizing methods, invalidation rules, and R‑multiples baked into every plan.
👉 Start today →
COINOTAG recommends • Professional traders group
🧠 Learn the “why” behind each trade
Live breakdowns, playbooks, and framework‑first education.
👉 Join the group →
COINOTAG recommends • Professional traders group
🚀 Insider • APEX • INNER CIRCLE
Choose the depth you need—tools, coaching, and member rooms.
👉 Explore tiers →
Assessing Solana’s (SOL) Market Position
Despite the bearish trend indicated by the weekly RSI, the readings on the daily chart are more promising. This is due to the bounce of the SOL price on the 256-day rising support line, marking the third such bounce since the beginning of the year. Each bounce has led to significant upward movements. Furthermore, the SOL price is trading within a descending wedge, considered a bullish formation. The price is very close to breaking above the resistance line of the wedge.
The performance of the SOL Coin price will depend on whether it breaks out of the wedge or falls from the rising support line and the $18 horizontal support area. A breakout could result in a 50% increase, while the opposite scenario could see a 30% drop.
COINOTAG recommends • Exchange signup
📈 Clear interface, precise orders
Sharp entries & exits with actionable alerts.
👉 Create free account →
COINOTAG recommends • Exchange signup
🧠 Smarter tools. Better decisions.
Depth analytics and risk features in one view.
👉 Sign up →
COINOTAG recommends • Exchange signup
🎯 Take control of entries & exits
Set alerts, define stops, execute consistently.
👉 Open account →
COINOTAG recommends • Exchange signup
🛠️ From idea to execution
Turn setups into plans with practical order types.
👉 Join now →
COINOTAG recommends • Exchange signup
📋 Trade your plan
Watchlists and routing that support focus.
👉 Get started →
COINOTAG recommends • Exchange signup
📊 Precision without the noise
Data‑first workflows for active traders.
👉 Sign up →
Conclusion
While the future of Solana remains uncertain amidst market volatility, it’s crucial for investors to keep a close eye on its price movements and market trends. Whether Solana will experience a bullish resurgence or continue its bearish trend will largely depend on its performance in the coming days.