Tag: Solana (SOL) Price

Solana reclaims $130 support. Analysts watch $250–$2,000 targets, NUPL data signals capitulation, and institutional interest grows.

Solana (SOL) has reclaimed a key technical level that could determine its next big move. At the time of writing, SOL is priced at around $142, showing a 4% gain in the past 24 hours. Over the last week, it’s down by almost 1% (per CoinGecko data).

$130: The Pivot Level for Direction

Analyst Crypto Patel shared that SOL has bounced from the $130 support level. This bounce lines up with both a horizontal support zone and a long-term rising trendline on the weekly chart. These areas have served as strong turning points before.

$SOL reclaimed the $130 support with a clean bounce.

Sustained acceptance above $130 reactivates the $250 upside target.
Failure to hold converts structure bearish, opening downside toward the 0.382 Fib retrace at $75 and the 0.5 Fib level at $50.

$130 remains the critical… pic.twitter.com/fSfarBhKp6

— Crypto Patel (@CryptoPatel) November 26, 2025

Holding above $130 could keep momentum on track and bring targets near $250 and $293 into focus. Both levels have acted as resistance in past market cycles.

However, if SOL closes below $130 again, the structure may flip bearish. This could open the way to $74 and $50, which are marked as key Fibonacci retracement levels and areas of previous price interest.

Additionally, CryptoCurb has outlined what looks like a large Cup and Handle pattern on the long-term chart. The cup spans the move from SOL’s 2021 peak down to its 2023 low and back up. The current range-bound movement is forming the handle.

For this pattern to play out, a move above the $250–$300 range would need to hold. This would set the next key resistance area and could trigger a move toward $2,000 if the price continues upward.

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On-Chain Data Reflects Market Stress

On-chain analyst Ali Martinez has pointed to recent data showing that SOL has entered the capitulation zone on the Net Unrealized Profit/Loss (NUPL) indicator. This means most holders are currently underwater.

According to the data, similar moves into this zone in 2022 lined up with longer-term price bottoms.

“Solana usually bottoms when investors capitulate—and that’s what we’ve seen over the past two weeks,” said Ali.

The trend has caught attention, but the price movement in the coming weeks will show whether it marks a true low.

Institutional Activity and ETF Flows

Institutional participation has also grown. Upexi Treasury, which holds over 2 million SOL, is raising up to $23 million through private placement to support operations and increase SOL exposure.

In ETF news, SOL ETFs pulled in $531 million during their launch week, driven by 7% staking yields and lower fees than Bitcoin ETFs. However, on November 26, the first net outflow was recorded at $8.1 million. Total assets under management remain near $918 million.

As CryptoPotato reported last month, a spot Solana ETF also gained regulatory approval in Hong Kong.

Solana trades below $190 support as RSI weakens, open interest rises, and ETFs drive new interest. Analysts watch $300 target closely.

Solana (SOL) is trading below a key level that many traders are watching, as the $190 mark has become a critical support zone. If the asset remains under this level, upward movement toward $240 or $300 may not materialize.

At press time, the price sits at around $185 after a 4% decline over the past day.

$190 Remains a Key Level

Aside from today’s nosedive, SOL has remained mostly within a trading range in the past week, between $180 and $210. Analyst Ali Martinez outlined the aforementioned key support level, which is currently being tested.

Solana $SOL must hold $190 as support to have a chance at rebounding to $240 or even $300. pic.twitter.com/av5IE99Zw9

— Ali (@ali_charts) October 30, 2025

Currently, Solana is moving within an ascending channel pattern. The $190 level aligns with the lower area of this channel. Holding this point could support a rebound, while a move below it increases the chance of a slide toward $170. A projected path on the chart outlines a possible short-term dip below $190, followed by a bounce.

Technical Outlook Shows Weakness

The Relative Strength Index (RSI) is at 42, pointing to slowing momentum. It remains under its average value of 44, which reflects continued pressure on the price. RSI values below 50 generally suggest reduced buying interest.

Meanwhile, the MACD reading is showing early changes. The MACD line is at -5, and the signal line is at -5. The histogram is slightly positive at 0.5. This setup shows that the trend may be starting to shift, but there is no strong confirmation yet from price action.

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Futures Market Participation Grows

Open interest in Solana futures has reached $10.48 billion. This follows a bounce from recent lows near $180. Although this level is below past highs that were seen during price rallies above $250, it shows that more traders are entering the market.

Despite the increase, not all analysts are optimistic. Ted Pillows noted,

“Solana treasury companies are performing even worse than Ethereum treasury companies… I don’t see a way for Solana to rally until treasury companies start aggressive buying.”

This suggests limited institutional demand at the moment.

ETF Launches Draw New Attention

Solana saw major activity in the ETF space. As CryptoPotato reported, the Bitwise Solana Staking ETF (BSOL) recorded $56 million in trading volume on its first day. This was the highest day-one volume among all 850 ETFs launched in the U.S. this year.

Separately, a spot Solana ETF has gained regulatory approval in Hong Kong. These new investment products are giving broader access to Solana and may attract capital from traditional markets going forward.

Solana trades near $193 as analysts track patterns pointing to a $260 retest, rising demand zones, and a newly filed spot ETF application.

Solana (SOL) is drawing attention following a recent price dip, with analysts monitoring whether the token is preparing to retest the $260 level.

Despite short-term losses, several technical patterns are pointing to a potential move higher. Market participants are also watching liquidity zones and ETF filings, which may influence upcoming price action.

Analysts Watch for $260 Revisit

According to Ali Martinez, Solana may be positioning for a return to the $260 area. The chart shows that the price remains within a broader upward channel. Although SOL has declined by 5% in the last 24 hours and over 14% in the past week, it is still respecting the current trend. At press time, it traded at around $193.

Solana $SOL could be looking to retest $260! pic.twitter.com/UriEqCNiX4

— Ali (@ali_charts) October 16, 2025

Notably, the chart outlines $250 to $260 as a key resistance zone. If the price rises into this range but fails to hold, a retracement could take it back toward the $165 to $170 area. This level has acted as both support and resistance in previous moves and is being tracked by traders as a possible downside target.

Moreover, data shared by Bitcoinsensus shows a repeated pattern on Solana’s daily chart. In past moves, 33% corrections were followed by strong rallies. The first recovery gained 93% and the second reached 100% . Each time, the price reversed near the lower boundary of a rising channel.

Solana has recently seen another 33% drop and has bounced from the same trendline. If the pattern continues, the current move could reach into the $280 to $300 range. The channel structure remains intact, with higher lows supporting the idea that buyers are still active.

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Liquidity Zones Between $190 and $210

A heatmap posted by CW shows that high-leverage long positions were recently liquidated near the $200 level. The area around $190 is now showing strong buying interest, which is acting as short-term support.

Above current levels, the chart reveals low resistance up to $210. With fewer resting sell orders in this range, the price could rise quickly if there is renewed demand. According to the analyst, “there is no resistance for short positions up to $210,” making it a key zone to watch in the near term.

Furthermore, 21Shares has submitted Form 8-A(12B) to the Securities and Exchange Commission. This filing is required to complete the process for listing a Solana-based exchange-traded fund. The document was filed after markets closed.

Meanwhile, this registration allows for the launch of a spot Solana ETF, which would provide regulated access to SOL for a broader group of investors. The development is seen as part of ongoing efforts to bring digital assets into traditional financial products.

TL;DR

• Wyckoff chart shows SOL moving from Phase D to Phase E, hinting at breakout potential.
• SOL must hold $177–$180 support; failure risks $150, while bounce targets $240–$250.
• ETF filings and institutional focus grow, though markets give only a 34% chance of new highs.

Wyckoff Structure Points to Final Phase

Solana (SOL) is trading at $202 with a daily turnover of $11.19 billion. The token has regained 3% in the past 24 hours, but has dumped by over 15% over the past week. Analysts suggest the decline may be part of a longer structure that still points upward.

ZYN posted a chart presenting SOL crossing the phases of Wyckoff accumulation. According to the chart, Solana is transitioning from Phase D to Phase E, which is based on the Son of Wyckoff theory, a concept where markets tend to break above. The token has traded between $120 and $210, with the current dip portrayed as the final shakeout before a run-up.

ZYN commented,

“$SOL is in the final phase of its Wyckoff accumulation. This is probably the last big dip before a big rally in Q4.” He added, “I think anyone buying SOL at these levels will be happy in 2-3 months. $500 SOL is programmed this cycle.”

Key Levels and Market Signals

Wise Crypto shared a separate chart showing SOL trading at a critical support zone around $180–$177. This range matches the lower boundary of a rising channel that has guided the price action since March.

Notably, the Stochastic RSI indicator is now in oversold territory, often seen before relief rallies. Wise Crypto noted that if this support holds, the asset could rebound toward $240–$250. They also warned that if the zone breaks, the next major support lies near $150. The analyst described the current setup as a “make-or-break moment” for SOL and suggested traders wait for confirmation before entering.

$SOL at Critical Support Zone!

$SOL is currently trading at a key support level around $180–$177. The Stochastic RSI is signaling oversold conditions, suggesting a potential bounce could be on the horizon.

If this support holds, we could see a strong move toward the… pic.twitter.com/2YB2ZaUAwd

— Wise Crypto (@WiseCrypto_) September 26, 2025

ETF Filings Bring Institutional Focus

ETF filings are also adding attention to Solana. Canary Capital has updated its S-1 registration for its Solana ETF, which plans to both hold and stake SOL through a partnership with Marinade Finance. The fund aims to provide investors with exposure to Solana while also passing along staking rewards.

Canary Capital files S-1 for #Solana ETF, covering $SOL holdings and staking. pic.twitter.com/5eRtsxCzhp

— CryptoPotato Official (@Crypto_Potato) September 26, 2025

As reported by CryptoPotato, Grayscale’s proposed Solana ETF faces its first deadline on October 10. The outcome could determine whether institutional flows begin to support Solana in the same way they did for Bitcoin and Ethereum after spot ETFs gained approval.

Yet, it maintains a cautious stance. Data from Polymarket shows traders pegging the probability that Solana would have a new all-time high in 2025 at just 34%. ETF filings and technical structures have fed optimism, but all the same, the sentiment expresses doubt about how fast Solana can make the move up.

For now, Solana sits at a key point where both technical and regulatory factors will shape its next move.

TL;DR

• Solana breaks above major resistance as buyers target $300, supported by technical structure and inflows.
• A surge to $250 could trigger $132 million in short liquidations, exposing overleveraged positions.
• Solana leads in weekly transactions and fee generation, showing strength despite lighter user activity.

Price Action and Market Structure

Solana (SOL) recently pushed above a key resistance level, reaching $246 before retreating to $232. This move followed a strong rally over the last week, where the token gained 12%, even as it recorded a 6% drop in the last 24 hours. The short-term trend remains intact despite the pullback.

Analyst Cipher X noted that a crossover between the 9-period and 15-period EMAs has formed, with the 9 EMA crossing above the 15 EMA. This crossover is often used by traders to indicate short-term strength. The asset has remained above both lines during the recent move, suggesting that current levels are being supported by ongoing demand.

$SOL showing strong momentum

▸ Price now at $246, breaking above recent resistance

▸ EMA 9 > EMA 15 crossover confirms bullish momentum

▸ Strong support zones remain around $160 and $120 giving the trend a healthy structure

▸ Next liquidity target sits near $300,… pic.twitter.com/yfrnekTBFS

— Cipher X (@Cipher2X) September 14, 2025

Support zones remain active around $160 and $120, where buyers previously entered the market. These levels may continue to act as a base if the price sees further downside.

According to the chart analysis by Batman, SOL appears to be completing a Cup and Handle formation. The price has now moved past the top of the pattern, breaking through the previously established resistance level. This structure often attracts interest from traders who focus on high-timeframe trend setups.

Notably, the Stochastic RSI on the same chart has also shown a golden cross, with the %K line moving above the %D line. This is the second time this crossover has appeared on the 2-month timeframe. The last time it occurred, SOL was trading near $14, followed by a strong upward move to around $250.

$250.4 Level Holds High Liquidation Risk

According to trader CW, a liquidation of up to $133 million in short positions could take place if SOL returns to $250. This number is indicative of how large the leveraged shorts are that have been opened recently near that level.

Heatmap data alert shows this dense band of liquidation orders; such zones represent pressure points for prices. A wave of forced buybacks usually follows if the asset can move past these zones, leading to swift movements in price. Sellers have been defending this zone, but it is definitely a level to keep an eye on for now.

Network Activity and Capital Flow

Recent on-chain data shared by Cipher2X shows that Solana processed 65 million+ transactions in a week, compared to 10–12 million on Base. It also generated $1.2 million in transaction fees, which is $200,000 more than Ethereum during the same period.

Solana also recorded $7.7 million in net inflows in the past 24 hours. This suggests that, despite lower user activity, capital is still entering the ecosystem.

“Investors may still see value in $SOL near $243,” Cipher X noted.

The next area being watched closely is the $300 mark, where liquidity from prior sell orders may trigger another market reaction.