Solana Price Prediction: Holding the Support Band Could Unlock $220–$260 Targets
The post Solana Price Prediction: Holding the Support Band Could Unlock $220–$260 Targets appeared on BitcoinEthereumNews.com. Solana price is holding the crucial $200 support after a sharp correction, with institutional accumulation and ETF optimism fueling hopes of a rebound towards $220–$260. Solana price is currently trading at $202.18, down nearly 16% this week after sliding from above $240. The correction has brought SOL Solana price into a critical demand zone around $200, a level market watchers are watching closely as ETF-driven optimism and whale activity continue to fuel the bullish case. Solana current price is $202.18, down 0.59% in the last 24 hours. Source: Brave New Coin Some Recovery Ahead for Solana Price Technical charts show that Solana price has been consolidating into a bull pennant formation on lower timeframes. The structure points to the possibility of a breakout if buyers defend the $198 to $202 area. A reclaim above $210 would confirm short-term recovery, with upside targets stretching back towards $215 and $220. Solana consolidates in a bull pennant near $200 support, with price eyeing a potential breakout towards $215–$220. Source: Trader Tardigrade via X Trader Tardigrade highlighted this pennant setup as a sign of base-building after the sharp decline, suggesting that bulls may soon attempt a push higher. If the $200 level continues to act as support, the technical outlook favors a rebound. Strategic Buying Adding Price Support Fresh accumulation has been reported from institutions. Cointelegraph noted that the Strategic Solana Reserve added 419,000 SOL in the past 24 hours, reinforcing confidence in the network’s long-term value. Such large-scale additions often provide a buffer during pullbacks, signaling that key participants are using dips to accumulate. Strategic Solana Reserve adds 419,000 SOL in 24 hours, highlighting institutional confidence and strong accumulation near $200. Source: Cointelegraph via X This steady buying trend explains why Solana has repeatedly defended the $200 area, even during periods of heightened…
The post Solana Price Prediction: Holding the Support Band Could Unlock $220–$260 Targets appeared on BitcoinEthereumNews.com.
Solana price is holding the crucial $200 support after a sharp correction, with institutional accumulation and ETF optimism fueling hopes of a rebound towards $220–$260. Solana price is currently trading at $202.18, down nearly 16% this week after sliding from above $240. The correction has brought SOL Solana price into a critical demand zone around $200, a level market watchers are watching closely as ETF-driven optimism and whale activity continue to fuel the bullish case. Solana current price is $202.18, down 0.59% in the last 24 hours. Source: Brave New Coin Some Recovery Ahead for Solana Price Technical charts show that Solana price has been consolidating into a bull pennant formation on lower timeframes. The structure points to the possibility of a breakout if buyers defend the $198 to $202 area. A reclaim above $210 would confirm short-term recovery, with upside targets stretching back towards $215 and $220. Solana consolidates in a bull pennant near $200 support, with price eyeing a potential breakout towards $215–$220. Source: Trader Tardigrade via X Trader Tardigrade highlighted this pennant setup as a sign of base-building after the sharp decline, suggesting that bulls may soon attempt a push higher. If the $200 level continues to act as support, the technical outlook favors a rebound. Strategic Buying Adding Price Support Fresh accumulation has been reported from institutions. Cointelegraph noted that the Strategic Solana Reserve added 419,000 SOL in the past 24 hours, reinforcing confidence in the network’s long-term value. Such large-scale additions often provide a buffer during pullbacks, signaling that key participants are using dips to accumulate. Strategic Solana Reserve adds 419,000 SOL in 24 hours, highlighting institutional confidence and strong accumulation near $200. Source: Cointelegraph via X This steady buying trend explains why Solana has repeatedly defended the $200 area, even during periods of heightened…
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