Solana price outlook for 2026: Can SOL revisit the $200 region after key resistance at $127?

According to recent technical analysis, a head and shoulders setup on Solana's weekly chart, combined with Fibonacci extension levels, projected downside targets near $47-$49 after a rejection around $252.9. On the daily chart, price imbalances at $95 and $110 and a bearish order block between $120-$127 now form major resistance, while SOL trades in a short-term range between $76.6 and $89.8 with $83.2 as a key pivot.