Bitwise is optimistic about Solana's long-term prospects, predicting that SOL is expected to reach new highs again in 2026.

Although Solana (SOL) has recently faced downward pressure, institutional assessments of its long-term value remain optimistic. In the past 24 hours, SOL’s price has fallen about 4%, breaking below the key support level of $130, and is currently around $123, reflecting a generally bearish sentiment in the broader crypto market. During the same period, the global crypto market declined approximately 1.5%, with weekly losses expanding to 7.5%.

Bitwise Asset Management stated in its annual market outlook that Solana is expected to reach a new all-time high by 2026. Analysts believe that the core driver behind SOL’s long-term upward trend is the continuous strengthening of its network fundamentals. Data shows that Solana hit a historical high of $294.33 in January 2025. Although it has retraced nearly 58% from that peak, this correction has not altered its long-term growth logic.

Bitwise emphasizes that Solana has clear advantages in transaction speed, fee costs, and ecosystem maturity, which continue to attract developers and institutional investors. Especially at the institutional level, Solana-based investment products are gaining steady attention. According to SoSoValue, on December 17, Solana spot ETFs recorded approximately $10.99 million in net inflows, with Bitwise’s BSOL alone seeing a single-day inflow of $6.96 million. Total assets under management have increased to $613 million, and Fidelity’s FSOL also recorded a net inflow of $2.89 million.

On-chain data also supports Solana. According to Syndica, Solana has ranked first in DApp revenue among all L1 and L2 networks for 19 consecutive months. As of November 2025, it accounted for 31% of total revenue from Web3 decentralized applications, demonstrating strong ecosystem activity and user stickiness.

From a technical perspective, SOL still faces short-term downside risks. After losing the $130 level, $120 has become a critical psychological support. If this level is effectively broken, the price could further decline to the $110 or even $100 region. However, if the price re-establishes above $130 and breaks through $140, it could confirm a new upward trend and open the way toward $150.

Overall, short-term volatility and market sentiment dominate SOL’s price performance, but from medium- to long-term indicators such as institutional allocations, ETF capital inflows, and DApp revenue, Solana is still regarded as an important blockchain asset with cyclical growth potential.