Solana Price Prediction: SOL Holds Near $77 as PumpFun Selling, Whale Activity, and 2023 Fractal Keep Traders Divided

The latest Solana price move has left traders split. Some are watching the $73 to $76 region as the key support zone for a possible move above $100, while others are focused on selling pressure from PumpFun and the risk of another deeper pullback. Currently, Solana price is trading near $77.61 after a softer 24-hour session, according to Brave New Coin data.

Solana Price is in a Bounce Area

Solana price is still holding above the lower support area for now, but the short-term structure remains fragile. Michaël van de Poppe highlighted the $73 to $76 region as the zone SOL needs to hold if bulls want to keep the upside case alive.

Solana holds near a key $73-$76 bounce area, with bulls watching for a stronger recovery towards $90 and $100. Source: Michaël van de Poppe via X

That area matters because it sits just below the current price and has become the main line between continuation and another bearish leg. If Solana price holds this zone and starts bouncing with strength, the next major target would be a push back towards $90 and then above $100.

However, if $73 fails, the setup changes quickly. A breakdown below that level could open the door for new lows across the broader altcoin market, especially if Bitcoin and Ethereum also remain weak.

PumpFun Selling Adds Pressure to the Market

The main bearish talking point comes from PumpFun selling activity. Ted noted that PumpFun sold around $10 million worth of SOL in a single day, while cumulative selling has reportedly reached around $794 million worth of Solana.

PumpFun’s continued SOL selling adds pressure to the market, with reported cumulative sales nearing $794 million. Source: Ted via X

That kind of flow can weigh on sentiment because large and repeated SOL sales create extra supply in the market. Even if buyers absorb part of it, traders usually become more cautious when a major ecosystem-linked source continues to sell into the market.

This does not mean Solana price must break down immediately, but it does explain why the price has struggled to build stronger upside momentum despite holding above support.

Bulls Still See a Path Above $100

Despite the selling pressure, the bullish argument has not disappeared. SOL Solana price is still trading inside a broad recovery structure, and the $73 to $76 zone remains the key area bulls are defending.

If Solana can hold this region and reclaim the $80 to $82 area, the short-term structure would start looking healthier. From there, the next upside targets would sit around $90 and then $100.

A clean move above $100 would be more important than a simple bounce. It would show that buyers are finally taking control again and that the market is ready to leave the lower range behind.

Solana price trades at $77.61, down 1.37% in the last 24 hours. Source: SOL price via Brave New Coin

2023 Fractal Keeps the Bullish Solana Price Prediction Alive

A separate chart from Rayker compared Solana’s current structure with its 2023 recovery phase. The idea is that SOL may be repeating a similar pattern where price forms a base, shakes out weak hands, and then starts a much larger expansion.

Solana’s current structure mirrors its 2023 recovery phase, with bulls watching the $64-$60 support zone. Source: Rayker via X

This kind of fractal should not be treated as a guarantee, but it is useful because Solana has shown such explosive recoveries before. In 2023, once the market confirmed the base, SOL moved sharply higher, leaving few easy entries for late buyers.

For the 2026 version to work, SOL needs to protect the current support range around $64-$60 and start reclaiming higher levels above $100.

Solana Price Shows Both Risk and Opportunity

The sentiment on Solana is mixed right now. On one side, reports of large SOL transfers and ecosystem selling have added pressure to the market. On the other side, some traders continue to point to steady interest near the current range, suggesting buyers are still active despite the selling.

That split is exactly why the current price zone matters so much. If SOL holds support, continued buying interest could help fuel a stronger move higher. But if support breaks, the ongoing selling pressure could push the price lower.

For now, the market is not giving a clean answer. Solana price is holding, but it still needs a stronger reclaim to prove that buyers are back in control.

Solana Short-Term Outlook

Solana’s short-term outlook remains uncertain as the price hesitates near current levels. SOL is trading below key moving averages, with the 20-day EMA acting as resistance and the 50-day EMA adding pressure above. RSI sits in the mid-40s, showing weak momentum, while MACD remains slightly bearish.

Volume has been declining, reflecting low participation during this consolidation phase. A break above $80 to $82 with strong volume could trigger a short-term bounce, while failure to do so may lead to a retest of the $73 to $76 support zone.

Final Thoughts: Can Solana Price Push Above $100?

Solana price still has a realistic path towards $100, but the setup depends heavily on one thing: holding the $73 to $76 support zone. As long as SOL stays above that area, the bullish case remains alive, especially with traders watching for a reclaim of $80 to $82.

The concern is that selling pressure from PumpFun and mixed whale activity are keeping the market cautious. Solana price needs stronger follow-through, not just sideways movement near support.

If buyers defend the current zone and push price back above $82, Solana could move towards $90 first, with $100 becoming the bigger breakout target. But if $73 breaks, the bullish setup weakens and SOL could revisit lower levels before the next recovery attempt.