Solana has found its way back to a level that usually gets people's attention again. After dropping from its highs near $297, it’s now hanging around the $80 range, and that’s where things start to get interesting. This is the kind of zone where opinions split. Some see weakness, others see opportunity.
Crypto analyst Crypto Patel is leaning toward the second view. He’s been talking about this range as a potential accumulation area, placing his ideal buy zone between $50 and $80. At the same time, he’s not thinking small on the upside, with targets stretching as high as $500 and even $1,000 if things play out the way previous cycles have.
If you zoom out Patel’s chart, the argument starts to come together. The SOL price has gone through this kind of cycle before. Back in 2023, it climbed from around $8 to over $160. Then it did something similar again, pushing toward $300 in the next run.
Now here we are again. The SOL price has pulled back more than 70% from that peak and is sitting between key levels on the chart. Around $70 acts as a midpoint support, and $50 is the level everyone is watching closely. If that lower level gives way on a higher timeframe, the bigger bullish idea starts to fall apart.
But if it holds, the narrative stays intact. This could simply be another reset phase before the next leg higher. That’s the whole idea behind the cycle theory, that price moves in waves, and this is the quieter part before things pick up again.
There’s also something happening in the background that could give the SOL price a push when the timing lines up. Data shared by AIXBT shows that more than $2.1 billion in stablecoins flowed into Solana in a single week.
Here’s the catch though. Most of that money hasn’t moved yet. Around 60–70% of it is still sitting in wallets. That’s a huge chunk of capital just waiting for a signal.
When that money starts moving, it tends to move quickly. Traders are watching for a drop in stablecoin reserves on decentralized exchanges. If those reserves start draining fast, it usually means that capital is rotating into tokens across the ecosystem. When that happens, the SOL price often follows along.
At this point, the SOL price is in a range that can go either way. On the downside, the $65 level is acting as a short-term safety net, but the real line in the sand is still around $50. On the upside, it’s more about momentum coming back into the market. If buyers start stepping in and pushing the SOL price higher, sentiment can change quickly.
What makes this setup interesting is that both short-term traders and long-term investors are watching the same area. One group is focused on when liquidity moves, and the other is focused on whether this cycle repeats.
Right now, the SOL price is in that quiet phase where nothing feels urgent, but a lot is actually happening underneath. CoinCodex’s 1-month SOL price prediction places the price at $103.16, which puts it roughly 20% above the current $85 level. That outlook leans toward a steady move back into the $100 range.
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