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Solana Price Forecast: Can Bulls Prevent a Breakdown Below $100? Solana enters December trading below $123. With macro sentiment still weak, the $100 support can hold through early 2025. The weekly chart shows SOL trading firmly below the 7-week and 30-week moving averages, with the 50-week average at $176 acting as mid-term resistance and capping any meaningful recovery attempt. The Breakout Probability indicator suggests Solana price is unlikely to break below $100. The current reading shows 23.65% risk of further downside and 74.15% chances of an early rebound. However, momentum indicators suggest bears may continue to dictate pacing until SOL price retakes $140. The RSI at 37.25 is below the midline, consistent with a market not yet prepared for a sustained reversal. The profitability ratio of 66.89% indicates most holders remain in profit, which historically increases the probability of deeper retracement as traders are able to tolerate drawdowns without triggering capitulation as seen in derivative market action on December 1. If SOL reclaims the $140 channel, it reopens upside targets at $155 near the 50-week moving average. Failure to close above the $120 support band exposes SOL price to the critical $100.68 support. A break below that level invalidates the current resilience narrative and places SOL in a deeper corrective phase.
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