Solana Price Prediction as SOL Eyes $80 Breakout

SOL was trading above all major EMAs as it moves towards the $80.47 level of resistance while momentum continues to be positive.
The plans for raising the Solana Nakamoto coefficient by Anatoly Yakovenko were discussed.
The support levels of $76.72-$76.75 are crucial for SOL to continue the recovery.

Solana price prediction continues to be a key point of focus with SOL continuing with its recent upward trend and getting close to multiple resistance levels based on technical analysis.

As of press time, the coin is trading at $78.56 after recording an increase in 24-hour value of 3.12%. Trading activity was also robust, with the coin recording 24-hour volume of $2.02 billion, while market capitalization stood at $45.78 billion.

Table of Contents

The most recent move brought SOL close to a critical technical level where Fibonacci extension, moving averages, and momentum indicators were aligned.

Moreover, the founder of Solana network explained the development plans of the project, which included increasing the level of decentralization.

Solana Price Prediction Shows Buyers Retaining Momentum

The most recent 24-hour chart indicated that the coin was trending upwards from about $76.04 to hit the $78.50 range.

SOL on one-hour graph was trading at $78.57 following a bounce from $73.30 lows. It was above the 20, 50, 100, and 200 EMAs, showing short-term strength.

Moreover, the Stochastic RSI reading was over 89, showing an overbought condition. On the other hand, the RSI was at 65.54 and below the 70 mark.

Source: Trading View

Technical Observations

SOL was higher than all major one hour exponential moving averages.
The support levels of $76.67 and $77.02 of Fibonacci were still intact.
The momentum oscillators were positive but were heading towards overbought levels.

Fibonacci levels point out to the next price targets

SOL was trading near the 1.618 Fibonacci extension level of $78.73. The token also held above the 0.618 Fibonacci retracement at $76.67 and the 0.786 retracement at $77.02, confirming that previous breakout levels continued acting as support.

If SOL clears the 100-day EMA at $80.47, the next upside levels remain $83.89 and $90.42. The 200-day EMA at $93.75 continues to represent the major medium-term resistance level. A move above that barrier would place the $98.74 Fibonacci extension into focus.

Technical Level	Price	Significance
Immediate Support	$76.72–$76.75	20-day and 50-day EMAs
Secondary Support	$74.76	Next downside level
Major Support	$69.79	Key recovery area
Swing Low	$64.79	Critical long-term support
Immediate Resistance	$80.47	100-day EMA
Higher Resistance	$83.89	0.618 Fibonacci
Major Resistance	$90.42	0.786 Fibonacci
Trend Confirmation	$93.75	200-day EMA

Levels to watch

Resistance begins at $80.47 before extending toward $83.89 and $90.42.
Immediate support remains between $76.72 and $76.75.
The $64.79 swing low remains the primary downside reference.

Decentralization Is Still the Key Point in Network Development

Along with the recent market moves, one of the founders of Solana, Anatoly Yakovenko, revealed the long-term development strategy of the network.

According to him, at the moment, the network is implementing Model Context Protocol (MCP), which helps AI systems to study blockchain activities and control wallets.

Moreover, he noted that the long-term goal is raising the Nakamoto coefficient, which reflects the number of independent validators needed to affect blockchain operations.

As per Yakovenko, the current coefficient of Solana is estimated at around 20, and the validator concentration remains affected by data center location and geographic staking locations.

Solana Price Prediction Still Focused on Technical Challenges

The price prediction of Solana depends on the ability of the coin to keep its support level and overcome successive resistance levels. The SOL coin is currently trading above the significant moving averages and Fibonacci retracement levels.

Immediate attention remains on $80.47, followed by $83.89, $90.42, and the $93.75 200-day EMA. On the downside, $76.72–$76.75 remains the first support area, followed by $74.76, $69.79, and $64.79.