A Solana price call from crypto veteran Crypto Patel is circulating on X as 2025 winds down, with one clear level doing most of the work: $120. In a post shared on X, Patel laid out a two-stage scenario for SOL: a possible drop toward $75 in the near term, followed by a much larger move higher over the longer horizon. The key trigger, according to him, sits at the $120 level.
Patel argues that if SOL loses $120 support, downside pressure could accelerate before any meaningful upside resumes. At the same time, he maintains a long-term target of $500, while stressing that markets rarely move in straight lines. His core question to followers was simple: does Solana hit $75 first before any run toward $500 begins?
The weekly chart he shared provides context for that view and explains why the $120 area matters so much right now.
SOL Price Forecast: Key Levels and Chart Structure
On the weekly timeframe, Solana has been trending lower throughout the second half of 2025. After failing to hold earlier highs near the $230–$240 zone, price rolled over and broke beneath a rising support trendline that had guided the recovery from 2023 into early 2025. Since then, rebounds have been weaker, with lower highs forming into year-end.
At the moment, the SOL price is trading just above $120, which lines up with a former support zone that previously acted as a floor during consolidation phases. Multiple reactions around this level show it has been defended in the past, but the current structure suggests that buyers are losing control. When a widely watched support gets tested repeatedly from above, the probability of a breakdown increases.
Below $120, the chart opens into thinner liquidity. The next major technical area sits near the $75 region, which aligns closely with the 0.382 Fibonacci retracement marked on Patel’s chart around $74.46. This zone also overlaps with an older demand area from earlier cycles, making it a realistic downside target if selling pressure continues. Intermediate psychological levels such as $100 could slow the move, but they do not carry the same structural weight as the $75 region.
From a resistance perspective, any recovery attempts would first need to reclaim $150, followed by the broader $175–$235 range that acted as a major distribution area earlier in 2025. Until those levels are taken back on higher timeframes, the broader trend remains fragile.
Read also: Here’s the Ondo (ONDO) Price If Tokenized US Stocks Launch on Solana in 2026
Solana Price Long-Term Outlook: $75 Before $500?
Patel’s $500 target is framed as a long-term outcome rather than an immediate projection. For Solana to reach that level, the market would need a full trend reset, stronger risk appetite across crypto, and sustained adoption-driven demand. In that context, a deeper retracement toward $75 could serve as a reset point, clearing leverage and setting the stage for a healthier base.
The idea that SOL could fall further before eventually pushing much higher fits with how previous cycles have unfolded. Sharp drawdowns often precede strong expansions, especially when they occur into well-defined technical zones. Whether that scenario plays out depends heavily on how price behaves around $120 in the coming weeks.
For now, Patel’s view reflects what the chart is already hinting at: downside risk remains if support fails, while the bullish case likely requires patience and a longer time horizon.
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