Solana Price Forecast: Target Set at $125 if Key Support Holds

Solana (SOL) has jumped by nearly 4% in the past 7 days as a raging crisis in the Middle East seems to be benefiting the crypto market.

Prices climbed since Monday as the United States and Israel bombed Iran and killed the country’s Supreme Leader.

Our signals system caught the market’s move early on, and anticipated a move toward $90 – a a key level that has acted as resistance multiple times in the past.

Market Sentiment Improved Dramatically In Just a Day

The Fear and Greed Index jumped strongly off “Extreme Fear” territory, moving from 20 to 28 in just a day as the market rallied.

Meanwhile, Solana 24-hour trading volumes remain quite high, sitting at $5.5 billion and accounting for nearly 11% of the token’s circulating market cap.

We have been keeping an eye on Solana’s on-chain data, as weekly active users and transaction volumes remain have jumped significantly since the year started.

Weekly active wallets ended last week at 5 million, meaning a 72.4% increase compared to the last week of 2025.

Meanwhile, transaction volumes rose to nearly 910 million week compared to 465 million during the last week of December. Higher network usage typically favors a bullish outlook for cryptocurrencies.

Hence, this rally could be an early indication that the market is reacting to Solana’s increased network activity.

Solana Offers 52% Upside Potential if $90 Support Holds

Heading to the 4-hour chart, we can see that Solana has been trading within a relatively tight range between $75 and $90 since February started.

This is evidence of an ongoing phase of accumulation. Investors seem to be scooping up the token frantically at these low levels, while this recent breakout of the $90 ceiling could provide an early signal that the token is ready to move higher.

The Relative Strength Index (RSI) has now dropped to 56 in this lower time frame after hitting 68 recently. This indicates that momentum is on the side of bulls, favoring a positive outlook for Solana in the near term as well.

The $90 level has now shifted from resistance to support, and it is the key level to watch moving forward. If this area falters, the odds favor another drop to $75 in the near term.

However, if this former supply area turns into a demand zone, we could expect a move toward $125 in the short term and to $137 in a few weeks if that ceiling is broken. This means a total upside potential of 52% for SOL.

SOL Turns Bullish After Three Consecutive Buy Signals

Heading to the hourly chart, we have now three consecutive buy signals in this lower time frame. This strongly favors a bullish outlook, especially as the last signal came after the $90 breakout.

The price action is, thus far, respecting the $90 threshold. However, SOL could still drop to around $87 without fully invalidating its uptrend as these are key levels where buy orders could have been set by late buyers.

So, we have a couple of potential opportunities for a long position. If the $90 threshold is broken, we could keep an eye on the $87.50 threshold. If that level shows signs of strong buying and we get another buy signal there, we could open a long position with a target set at $100 at least.

This position would offer a 6.5x risk-reward trade if the stop price is set below that $87.50 mark.