SOL traded around $110.46 on Oct. 9, down roughly 4% over 24 hours. It briefly fell as low as $105.87 during the previous session before recovering, according to Investing.com.
Standard Chartered, meanwhile, continues to forecast $250 by the end of 2026, according to recent reporting on the bank’s outlook. The target would require SOL to gain roughly 126% from $110 in less than three months.
Standard Chartered Still Sees $250
Standard Chartered’s digital-assets research team, led by Geoffrey Kendrick, cut its 2026 Solana target from $310 to $250 earlier this year but simultaneously raised its longer-term projections.
The bank expects SOL to reach $400 in 2027, $700 in 2028, $1,200 in 2029 and $2,000 by 2030. Kendrick has argued that Solana is gradually moving beyond its dependence on memecoin trading toward stablecoin-based micropayments.
That bullish thesis now faces a difficult short-term test.
SOL has slipped beneath the $117–$120 area highlighted in the previous SOL outlook, leaving $110 as the immediate battleground for buyers.
Can SOL Hold $105-$110?
The latest selloff pushed Solana below $110 on Oct. 8 before buyers stepped in around $106. SOL fell 5.79% during the session, after already losing 3.67% the previous day.
That makes $105-$110 the key short-term zone.
A recovery above $117 would improve the setup, while reclaiming $120 could put the September highs back in play. The earlier SOL rally also identified roughly $117-$120 as the next major hurdle after SOL broke above $110.