In an X post, 21shares outlined its Solana predictions for 2026. In a base case scenario, it predicts Solana reaching $150, which is a 21% increase from current prices. In a bull case scenario, Solana is predicted to reach $197, a 57% increase, while in a bear case scenario, Solana might drop 23% to $95. At press time, Solana was trading at $123, down 58.18% from an all time high of $294.33 reached on Jan. 19, 2025.
The base and bull case targets highlighted by 21shares remain minimal and bar an explosive surge in the magnitude of hundreds of percent for Solana. In a blog post, 21shares indicated doubts about Solana capturing value despite its scaling potential being proven. It was noted that SOL’s price will ultimately reflect not raw network performance, but the quality, durability and value capture of that performance. According to 21Shares, Solana is surpassing most layer-1 networks in raw on-chain activity.
The Solana network processes about 2.2 billion transactions per week, second only to Internet Computer (ICP) at 2.6 billion, and far ahead of other major chains such as BNB Chain and Tron (108 million and 62 million, respectively). The SOL price rebounded from a low of $118 on Monday, indicating that the bulls are defending the level. The relief rally is expected to face immediate resistance at $131. If the Solana price turns down from here, the risk of a drop below the $117 level increases.
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