Solana (SOL) Targets $80 — August 2026 Outlook

Solana (SOL) has remained under pressure in recent weeks, falling around 8% over the past month and extending its year-to-date decline to more than 40%. Like many major cryptocurrencies, SOL has faced a difficult 2026 amid geopolitical uncertainty and broader market pullbacks.

With the token now trading close to an important support area, the next move could offer a clearer indication of whether buyers are ready to defend current levels or whether further downside remains possible.

Solana (SOL) technical analysis

SOLUSD - 1 Day Time Frame

SOL is currently trading around $73, remaining above the presumed immediate support level near $70. This area has become an important short-term level for buyers to defend following the recent decline. On the upside, the main support/resistance level is located around $83, with the broader ~$80 area having previously acted as a strong support zone from February to May 2026. Following the breakdown below this region, it is now acting as resistance and could represent an important hurdle for any meaningful recovery.

A sustained move above $83 could improve the short-term technical outlook. If SOL subsequently holds above this reclaimed area during a pullback, the former resistance could begin acting as support and provide a stronger base for further upside.

Conversely, failure to regain the $83 area could keep SOL trading between its nearby support and resistance levels. A move below $70 may weaken the current structure and increase the likelihood of another test of lower price levels.

Solana (SOL) price target

If SOL manages to break above $83 and establish the level as support, the next major upside target could be the psychologically significant $100 resistance area, last approached in mid-May 2026. A move toward this level would represent a stronger recovery, although renewed selling pressure could emerge as price approaches the previous highs. On the downside, if the $70 support fails to hold, the next area to monitor could be around $68. A deeper decline could eventually bring the stronger $60 support zone back into focus, where buyers previously stepped in during June.

For now, SOL remains positioned between an important support area near $70 and resistance around $83. Holding support could preserve the possibility of a recovery, while a confirmed break above resistance would strengthen the case for a move toward $100. Broader crypto market sentiment, macroeconomic conditions, and geopolitical developments could also continue to influence Solana’s next direction.

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