Solana Price Prediction – SOL Could Target $82 If Buyers Retain Control

Highlights:

• Solana rises 1.57% as volume jumps 12.96%, signaling a cautious return of buyers.
• Analysts cite Fibonacci levels that historically preceded over 1,000% SOL rallies.
• Price action points to a possible upside of $82.60, or downside risk of $40.

Solana (SOL) is making an intraday rebound, a reflection of price stabilization across the market after the recent selloff. When writing, Solana was trading at $66.57, up 1.57% in the day. 

Solana trading volumes are also up in the day, rising 12.96% to stand at $2.92 billion. Rising Solana trading volumes, alongside the price, indicate that buyers are cautiously returning, expecting further short-term gains. Several factors support Solana’s momentum over the last 24 hours.

Chart Analysts Point to Possible Over 1000% Rally for Solana Price

One of them is historical price action. Whenever Solana trades at the levels it is at now. Some analysts are pointing out that, historically, when Solana trades between the 0.51 and 0.61 Fibonacci retracement levels, it tends to rally by over 1000%. This is the level at which Solana trades after the recent price action.

As more traders connect this history to the hype, FOMO buying could follow. The result could be a rally, with Solana retesting its all-time highs or even making new ones in the foreseeable future.

Why would you sell your Solana because of a price dump?

Are you stupid?

SOL is 78% down from ATH

and you think we're not going to $500+ next bull run?

I'm betting $300 next few months.

— Jack.poor 🇦🇲 (@RealJackPoor) June 7, 2026

Solana’s Vibrant Community Could Reignite Retail Investment

Solana could also benefit from a more active community. This is despite the prolonged bear market, which has left most cryptocurrency communities dormant. A strong indicator of the vibrant nature of the Solana community is the fact that a Pump.Fun bounty promised 40 Solana to anyone who could tatoo the name BOUNTWORK on their foreheads. 

One person did it, but mispelled the word. However, rather than let the person pay for the mistake, the Solana community turned the mispelled word into a meme coin. As a result, the person who made the mistake ended up earning $30k. The vibrant nature of the Solana community is likely to drive positive social media sentiment as the price stabilizes. As a result, retail money could flow in, pushing Solana higher as FOMO builds.

China BTC Case Ruling Could Uplift Solana and the Whole Market

Solana also stands to benefit from positive legal news that affects the cryptocurrency market as a whole. One of the most impactful news stories at the moment is that China has jailed a person for 10 years after they were convicted of stealing 107 Bitcoin.

The ruling is not about justice for the affected person. It is also a revelation that China, one of the world’s largest economies, recognizes Bitcoin as property, on par with real estate, stocks, and other assets of value. This could inspire buyer confidence in China. The result of such demand is that all major cryptocurrencies, including Solana, could rally to new highs.

Geopolitics Still Pose A Risk to Solana Despite Rebound Potential

That said, risks abound for Solana and other cryptocurrencies. One of the biggest risks Solana faces is geopolitical. While the US and Iran continue working on a peace deal, the sporadic aggression between Israel and Iran could reignite a full-blown war. This could send oil prices rocketing and push capital away from high-risk assets such as cryptocurrencies.

The magnitude of what just happened may take some time to sink in.

This is the first time Iran has struck Israel after Israel struck another country's territory (that is, not Iran).

This means that the battle lines have been moved.

Iran's deterrence had already been restored… pic.twitter.com/KHpNjBTh97

— Trita Parsi (@tparsi) June 7, 2026

Technical Analysis – Solana Price Struggles After Attempt at V-Shaped Recovery

After finding a local bottom at $60.18, Solana made a V-shaped recovery. However, for the last two days, the recovery has lost momentum. If bulls lose control, bears could target the local bottom of $60.18 a second time.

If bears are strong enough to push Solana price below $60.18, a short-term correction to $40 could follow. However, if bulls regain momentum and push higher, a rally to $82.60 could follow. Either of these scenarios plays out depending on how the broader market moves throughout the day.