Solana Bears Target $50 SOL Price: Here’s Why.
The price of SOL looks weak on several chart timeframes, leading analysts to set a short-term target at $50. Will the SOL MVRV indicator's “extreme” status prevent another price collapse?
Solana's SOL (SOL) continues to be hit by headwinds after falling to $67 on February 6. SOL is more than 72% below the $295 high, and several indicators suggest that the downside may be far from over.
Main Receptors:
Solana's bearish technical patterns are leaning toward the $50 price target.
The MVRV bands suggest the SOL may be down, but the data point is an outlier.
The spot Solana ETFs continue to attract investor interest with the promise of a short-term price recovery.
SOL chart techniques target $50
Solana's recent decline has caused the price to miss key support levels, confirming a Head and Shoulders (H&S) pattern on the weekly chart.
Crypto analyst Bitcoinsensus shared a chart showing SOL confirming the H&S pattern, hinting at more downside ahead.
“The next support level is set at around $50-60.”
The two-day chart shows that the price broke below the H&S neckline at $120 on January 30. The H&S pattern is calculated by adding the head height from the rally point at $57, which represents a 30% decline from the current level.
Highlighting, the price was testing the support provided by the bear flag lower limit at $80 on the daily chart as shown in the chart below.
RELATED: Zora Launches Focus Markets on Solana, Betting on Social Trends
A daily candle close below $80 confirms the pattern, paving the way for a further drop to the benchmark target at $48. Such action brings the total loss to 41%.
Solana MVRV bands point down
Below $80, SOL's first line of defense is provided by the lower boundary of MVRV's price bands at $73. The bands represent onchain price zones where SOL trades below or above the average price at which traders last moved their coins.
Historically, SOL prices have fallen near or below the lower MVRV band before a significant rally takes place. This will be seen in March 2022 when the price of SOL increased by 87% to $140 in three weeks, testing the lower MVRV deviation band to $75. A similar reversal occurred in June 2022 and December 2020.
Solana saw a significant divergence below this band with the FTX crash in November 2022, the price fell another 70% and fell to $7 in December of that year.
Solana ETFs provide a break in income
US-based Solana exchange-traded funds (ETFs) continue to attract investor interest, with these investment products recording income in 66 out of 74 days since their launch in October 2025, indicating continued institutional demand.
Spot SOL ETFs added $2.9 million on Tuesday, bringing their combined revenue to $877 million and total net assets under management to more than $726 billion, according to SoSoValue data.
Similarly, global Solana-based investment products in 2010
This has strengthened institutional demand for SOL-based ETPs even as market prices weaken.
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision. While we strive to provide accurate and up-to-date information, Cointelegraph does not guarantee the accuracy, completeness or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph shall not be liable for any loss or damage arising from reliance on this information.
