Solana price trades below $130 as whale short positions and bearish chart structures keep downside levels around $105 and $78 firmly in focus.

Solana price is trading around the $125–$127 area, but short-term pressure remains heavy as sellers continue to defend overhead resistance and large players position for further downside.

While longer-term optimism around Solana remains intact, recent price action and trader commentary suggest that SOL may not be done correcting yet, with several market watchers pointing to lower support zones before any meaningful recovery attempt.

Solana current price is $127.15, up 2.16% in the last 24 hours. Source: Brave New Coin

Solana price is currently trading near $127, according to data from Brave New Coin. Despite a minor bounce, price remains well below key weekly levels, keeping short-term momentum tilted to the downside.

Whale Short Position Signals Ongoing Downside Risk

One of the clearest short-term bearish signals comes from positioning data shared by analyst Ted Pillows. His chart highlights a large trader actively holding short exposure across major assets, including a $43.1 million short position in SOL, alongside significant shorts in Bitcoin and Ethereum.

A major whale continues to hold a $43.1M short position in SOL. Source: Ted Pillows via X

Such positioning suggests that large players are still leaning towards further downside or, at a minimum, continued weakness below resistance. While whale positions do not guarantee immediate follow-through, they often align with prevailing market sentiment. In this case, SOL remains below key resistance zones, making it difficult for upside moves to gain traction.

Until price invalidates this positioning by reclaiming higher levels, the presence of sizeable short exposure keeps the short-term outlook tilted toward caution rather than confidence.

Bearish Head-and-Shoulders Keeps $105 as a Key Breakdown Level

Adding to the downside case, analyst Elite Crypto pointed to a bearish head-and-shoulders pattern forming on Solana’s higher-timeframe chart. According to his analysis, the structure remains intact as long as SOL trades below key resistance, with $105 acting as the critical neckline support.

A bearish head-and-shoulders structure keeps $105 in focus, with a clean breakdown potentially opening the door to a much deeper corrective move. Source: Elite Crypto via X

A decisive break below this level would significantly weaken the broader structure and open the door to a deeper corrective move. Elite Crypto highlighted potential downside targets in the $75–$51 range, suggesting that, if triggered, the correction could extend well beyond a short-term pullback and persist into mid-2026.

While this scenario is conditional, it reinforces why many traders remain defensive at current prices despite recent rebounds.

$78 Identified as Major Long-Term Buy Zone

Another bearish-to-neutral perspective comes from analyst StefanB, who shared that he is only interested in accumulating Solana at much lower levels. His analysis highlights the $78 region, aligning with the 0.786 Fibonacci retracement, as a zone where long-term risk-reward becomes more attractive.

The $78 level stands out as a potential long-term accumulation zone, aligning with the 0.786 Fibonacci retracement where deeper demand could emerge. Source: StefanB via X

This approach implies that current prices may still sit above areas where stronger demand is expected to emerge. Rather than chasing short-term bounces, StefanB’s positioning suggests patience, with bids placed at levels that coincide with historical structure and deeper retracements.

Taken together with the $105 breakdown risk, this frames the current price zone as transitional rather than a confirmed bottom.

200-Week Support Offers Conditional Bullish Context

While short-term and medium-term signals lean bearish, longer-term charts introduce a conditional bullish element. Analyst ShardiB noted that Solana is currently interacting with its 200-week moving average, a level that has historically acted as major long-term support.

Solana price tests its 200-week moving average, a level that has historically acted as long-term support and could mark an early base if price manages to hold. Source: ShardiB via X

According to the analysis, Solana price is attempting to form a base near this zone, with early signs of a potential weekly bottom candle developing. In previous cycles, sustained holds above the 200-week level have often preceded longer-term recovery phases, though not without extended consolidation.

However, ShardiB also cautioned that failure to hold this area would significantly weaken the long-term outlook, reinforcing that bullish scenarios remain conditional rather than guaranteed.

Final Thoughts: Solana Technical Analysis

In the short term, Solana remains vulnerable below key resistance, with downside levels clearly defined. As long as Solana price trades below the $135–$140 region, attention remains on $120 and, more importantly, $105 as critical support levels.

A confirmed break below $105 would increase the probability of a deeper move towards $78, with further downside towards the $75–$51 zone possible if broader market conditions deteriorate. These levels align with multiple market watchers projections and higher-timeframe structures.

On the upside, any meaningful bullish shift would likely require SOL Solana price to hold long-term support and reclaim higher resistance levels over time. Such a move would signal that the corrective phase is transitioning into a broader base-building process rather than immediate trend reversal.

The Solana price declined after a brief intraday rally. SOL briefly touched $129.3 on December 29 but encountered resistance and reversed, raising questions about the strength of the move.

With holiday-driven volatility increasing, this Solana price prediction examines the key technical levels and potential scenarios for Solana as 2025 comes to a close.

Current market scenario

Solana (SOL) is hovering near $123.2, nearly back to pre-spike levels. It’s down 0.11% today and about 3% for the week, but the selling is light — more of a breather.

Volume’s tapering off on the pullback, and the $120–$130 zone has been a solid support area, often sparking big bounces earlier.

Overall, this gives some perspective on the Solana outlook. Momentum might be slowing a bit in the short term, but buyers are holding key levels, keeping the bigger picture intact.

Upside outlook

Bulls need to keep their eyes on $129. If SOL manages a convincing daily close above that, it’d mean momentum’s returning and buyers are running the show. In that case, the recent dip loses its sting, and a rally to $150 and beyond becomes realistic.

Downside risks

Things are still looking okay, but there’s some risk on the downside. The $123–$124 area has repeatedly attracted sellers. SOL’s trading right in that zone, and failing to defend it could push it lower.

Breaking below this area would place $115 on the radar as the next support level. If it fails, short-term momentum is fading, and a seasonal rally might be delayed. That would shift the SOL forecast to cautious, with more sideways or downside likely before it recovers.

Solana price prediction based on current levels

SOL’s trading appears to remain in the $120–$130 range for now. Staying above $120 keeps the setup intact and leans bullish, while breaking $129 would improve the SOL price prediction and open the door for a year-end rally.

The crypto market is undergoing a deep correction, yet XRP continues to attract investor interest. Funds are reporting steady inflows, and Ripple is expanding its operational footprint across key regions. Together, these developments create a supportive backdrop for XRP’s price outlook.

Ripple strengthens its position in Asia

A key development for XRP emerged as Ripple secured an extended license from the Monetary Authority of Singapore (MAS), allowing the company to expand its range of regulated payment services. Asia is a strategic market for Ripple. The company is building cross-border payment infrastructure in the region and already uses XRP and its RLUSD stablecoin within the Ripple Payments service.

The Asia-Pacific region remains one of the fastest-growing areas in the global crypto economy, with on-chain activity in Asia up roughly 70% year-on-year. In this context, the expanded license strengthens Ripple’s position and increases the likelihood that XRP will be used in a broader set of real-world payment applications.

Ripple is also continuing to scale through acquisitions. In November, the company acquired Palisade, a custody provider aimed at institutional clients. Even so, Ripple remains exposed to overall market conditions, and the winter season for digital assets has begun on a difficult note.

Institutional demand keeps XRP afloat

The market experienced a sharp sell-off on December 1. Bitcoin declined to $85,000, and daily liquidations exceeded $600 million. Other cryptocurrencies were affected as well, with XRP dropping from $2.2 to $2.

Despite the turbulence, large investors continued to show strong interest in XRP throughout the past week, and that demand remained firm after the decline. United States spot XRP exchange-traded funds recorded notable inflows. Grayscale and Franklin Templeton attracted more than $120 million on their first day of trading, and the segment has surpassed $580 million in total inflows since launch.

This trend proves that institutional investors view XRP as a token with recovery potential. Inflows have continued even in an environment of heightened volatility, setting XRP apart from most altcoins. New Solana and Ethereum exchange-traded funds have shown less stable momentum.

At the same time, XRP supply on exchanges is declining. Over the past two months, the volume of tokens on centralized platforms has nearly halved, suggesting that holders are moving XRP into long-term storage rather than selling during the correction. As capital flows out of other assets, this creates a favorable supply and demand imbalance that supports XRP’s price during periods of market pressure.

XRP outlook: what comes next

XRP currently benefits from a combination of factors that have historically preceded periods of price strength. With investor interest rising, analysts note that the current XRP price prediction appears more confident than that of many altcoins. Following the recent sell-off, the asset quickly returned to prior demand levels, and market dynamics indicate heightened buyer activity.

The shift toward more active accumulation is a noteworthy signal for XRP’s future trajectory. After sharp declines, such bursts of buying often form the early stage of a reversal, as market participants begin accumulating without waiting for a deeper correction. Similar patterns have marked the beginning of previous upward moves in XRP, and the market is now showing a comparable structure.

Spot market activity adds further support. Trading volumes are increasing, and buyers hold a dominant position. These periods often form the base for a new upward leg, reinforcing analysts’ optimism. In this environment, many expect that if current momentum continues, XRP could retest its recent local highs and extend its recovery following the latest downturn.

A strong foundation and a confident stress test

In a volatile market, XRP stands out as one of the few assets maintaining steady interest from institutional investors and commercial partners. Ripple’s expansion in Asia, inflows into United States XRP exchange-traded funds, and renewed spot-market demand provide the token with a foundation that many competitors currently lack. This combination allows XRP to navigate market turbulence more effectively and creates conditions that support further growth.

Despite sharp market swings in early December, XRP retained the confidence of key investor groups, including institutional funds and Ripple’s corporate clients across the Asia-Pacific region. If these trends persist, XRP is likely to be among the first assets to recover after the correction. In this context, even conservative forecasts for the token appear more resilient than those of most altcoins.