Key Insights:
Solana price falls below $130 but remains a strong contender for long-term growth, with projections for a new ATH by 2026.
Institutional investors continue to favor Solana, with ETFs seeing nearly $11M in inflows despite the ongoing market downturn.
Solana maintains its dominance in DApp revenue, securing a 31% market share and staying ahead of competitors like Ethereum.
Solana's price has experienced a 4% decline over the past 24 hours, dipping below the crucial $130 support level. Currently, SOL is trading at $122.95, showing continued bearish momentum. This drop follows a broader slump in the crypto market, which saw a 1.5% decrease globally, pushing the overall market down 7.5% in the past week. Despite the short-term weakness, Bitwise Asset Management remains confident in Solana’s long-term growth potential.
Bitwise analysts have forecasted that Solana could reach a new all-time high by 2026. This projection is part of the firm's annual New Year forecast, which highlights assets expected to perform well in the coming years. Solana’s highest point was recorded on January 19, 2025, when it hit $294.33. Since then, the price has fallen by nearly 58%, but analysts are optimistic about a rebound.
Bitwise’s bullish outlook is driven by institutional activity and growing developer momentum on the Solana blockchain. The network's high transaction speeds, low costs, and ongoing ecosystem development are key factors in their positive forecast. These advantages are expected to drive Solana to new heights in the future, despite the current market downturn.
Institutional Investors Show Confidence in Solana ETFs
On December 17, Solana-based exchange-traded funds (ETFs) saw a notable surge in capital inflows, with $10.99 million entering the market. The Bitwise SOL ETF (BSOL) led the charge, receiving a $6.96 million net inflow in just one day. Other ETFs, including the Fidelity FSOL ETF, also saw increased interest, suggesting that institutional investors are still actively considering Solana as a viable investment. This trend signals a potential buildup ahead of future rallies, as Solana ETFs continue to attract significant investments.
Source: TradingView
Solana has retained its position as the leading platform for decentralized application (DApp) revenue, marking its 19th consecutive month at the top. As of November 2025, Solana accounted for 31% of total Web3 DApp revenue, outpacing competitors such as Ethereum, Base, and Hyperliquid. This consistent dominance highlights Solana’s strong developer activity and its ability to maintain a competitive edge in the rapidly evolving blockchain space.
Solana Price Faces Critical Support at $120
As of the latest market analysis, Solana’s price is facing key support at the $120 level. If the bears continue to push SOL lower, the next significant downside target could be around $110. A break below this level could set the stage for a drop to $100, a critical psychological point for traders. On the flip side, a recovery above the $130 mark and a successful retest of the $140 level could signal a return to bullish territory.
The post Solana Price Declines Below $130, Bitwise Predicts ATH by 2026 appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
