Bitwise Predicts Solana to Reach New Highs in 2026

Solana is currently trading nearly 58% below its peak of $294.33 in January 2025. Bitwise predicts new all-time highs for $SOL by 2026, citing its fast transaction speeds, low costs, and increasing developer activity as key benefits.

The forecast assumes continued institutional adoption and on-chain usage growth.
SOL ETFs remain popular, with $11 million net inflows recorded recently, led by Bitwise's product at $7 million.

SOL Price Analysis

SOL has dropped by 4% over the past 24 hours, losing the $130 support level amid a broader crypto market decline. It is trading within a downward channel, near a demand zone at $118-$120, which has previously supported rebounds.

If the current support fails, the price could drop to $115.
A recovery above $135 may indicate a shift in control from sellers to buyers, targeting $145-$150 and eventually $250.

Source: TradingView

Investors should note momentum indicators are weak, though selling pressure may be easing at this support.