Solana (SOL) is drawing consideration following a current value dip, with analysts monitoring whether or not the token is making ready to retest the $260 degree.
Regardless of short-term losses, a number of technical patterns are pointing to a possible transfer increased. Market contributors are additionally watching liquidity zones and ETF filings, which can affect upcoming value motion.
Analysts Look ahead to $260 Revisit
In response to Ali Martinez, Solana could also be positioning for a return to the $260 space. The chart exhibits that the worth stays inside a broader upward channel. Though SOL has declined by 5% within the final 24 hours and over 14% prior to now week, it’s nonetheless respecting the present pattern. At press time, it traded at round $193.
Solana $SOL may very well be seeking 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 worth rises into this vary however fails to carry, a retracement may take it again towards the $165 to $170 space. This degree has acted as each assist and resistance in earlier strikes and is being tracked by merchants as a potential draw back goal.
Furthermore, information shared by Bitcoinsensus exhibits a repeated sample on Solana’s each day chart. In previous strikes, 33% corrections had been adopted by robust rallies. The primary restoration gained 93% and the second reached 100% . Every time, the worth reversed close to the decrease boundary of a rising channel.
Solana has just lately seen one other 33% drop and has bounced from the identical trendline. If the sample continues, the present transfer may attain into the $280 to $300 vary. The channel construction stays intact, with increased lows supporting the concept that consumers are nonetheless lively.
Liquidity Zones Between $190 and $210
A heatmap posted by CW exhibits that high-leverage lengthy positions had been just lately liquidated close to the $200 degree. The realm round $190 is now displaying robust shopping for curiosity, which is appearing as short-term assist.
Above present ranges, the chart reveals low resistance as much as $210. With fewer resting promote orders on this vary, the worth may rise rapidly if there’s renewed demand. In response to the analyst, “there isn’t a resistance for brief positions as much as $210,” making it a key zone to observe within the close to time period.
Moreover, 21Shares has submitted Kind 8-A(12B) to the Securities and Change Fee. This submitting is required to finish the method for itemizing a Solana-based exchange-traded fund. The doc was filed after markets closed.
In the meantime, this registration permits for the launch of a spot Solana ETF, which would supply regulated entry to SOL for a broader group of traders. The event is seen as a part of ongoing efforts to convey digital belongings into conventional monetary merchandise.
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