Solana price forecast as bulls struggle to keep $80 support intact
Solana in 2010 On the morning of March 9, 2026, it changed hands at around $83. If the bearish sentiment continues, the cryptocurrency may drop below $75. SOL prices fell amid macro headwinds but could see another oversold swing.
Solana (SOL) is trading around $83 during the early hours of Monday, March 9, 2026, up 1.3% in the last 24 hours.
The altcoin may be showing signs of bucking the trend against all stocks as Bitcoin pulls the $66,000 low.
However, SOL fell more than 5% last month and could revisit recent lows below $80 as fears of a war with Iran diminish.
Solana price: market conditions fuel caution
SOL faces headwinds from Bitcoin and Ethereum, slipping below $250 in September 2025.
Losses accelerated on February 5, 2026 with SOL down to $75, and bulls struggled to break above $90.
The broader macro and geopolitical headwinds are year-over-year headwinds that have contributed significantly to the waning memecoin momentum, which has significantly impacted trading volumes.
While net inflows into the Solana spot ETFs countered the sharp redemptions in BTC and ETH commodities, institutional demand waned.
Total SOL ETF assets are sitting at $958 million.
SoSoValue data shows two consecutive days of outflows last week, with more than $8.2 million withdrawn on March 6.
This reduced the weekly flow to $24 million from over $44 million last week.
Technical analysis
Standard Chartered recently lowered its 2026 SOL target to $250, but the bank's analysts forecast a move to $2,000 by 2030.
Buyers have a long-term forecast to their advantage.
However, struggles below $100 suggest bulls have work to do in the short term if macro and geopolitical headwinds continue to hit sentiment.
SOL prices are hovering in a wide range between $75 and $94, but broader crypto sentiment is likely to weigh on investors as oil prices rise, the altcoin may fall.
Last Monday, the price of oil increased to 120 dollars per barrel amid the threat of war between the US and Iran. After it was reported that the G7 will discuss the release of emergency oil reserves, the price fell to $100.
The RSI and MACD indicators on the daily chart above highlight this possibility.
But could the Solana bulls hold $80-75 as a support zone as they see a bullish reversal?
Data on the chain showed funding volume in negative and open interest fell to $4.93 billion, down from $8.86 billion in mid-January.
Long-term negative funding rates preceded the revelation of the Secret Source.
This puts the SOL above the $100 psychological level, a key barrier of $118-$120 for a short-term upside.
