Solana News Today: Solana Builds Wyckoff Accumulation Base With $1B Inflows, Eyes $260–$280 If Support Holds

Solana (SOL) has formed a Wyckoff-style accumulation base near the $176–$169 range, indicating a potential bullish reversal if key support levels remain intact. The pattern, characterized by defined demand blocks and higher lows since April, suggests a transition from a markdown to a markup phase in the market structure [1]. Analyst Kamran Asghar highlighted that the accumulation pattern is a strong indicator of an impending bullish reversal, projecting potential price targets between $260–$280 if the current support holds and volume confirms the breakout [1].

Capital inflows into Solana have been robust, with over $1 billion bridged into the network in the last 30 days. This outpaces inflows into Ethereum, Arbitrum, and Base during the same period, signaling growing institutional and retail interest in the blockchain [1]. On-chain data supports this, showing enhanced liquidity and price discovery, which increases the likelihood of a sustainable breakout if the support levels are maintained.

The price structure for SOL has evolved after a sharp decline earlier in 2025, followed by a consolidation phase that has created a defined accumulation base. The immediate resistance sits between $190–$195, and holding the $176–$169 support is crucial for preserving the bullish technical structure. A sustained breakout above $190–$195 on above-average volume would serve as confirmation of the accumulation pattern and validate the projected price targets [1].

Solana’s market metrics also reflect strong participation, with a market capitalization of approximately $99.74 billion and a fully diluted valuation near $112.24 billion. The 24-hour trading volume is reported at about $6.57 billion, further illustrating the network’s liquidity and market depth [1].

Despite the bullish outlook, immediate risks include a failure to defend the $176–$169 support range, a breakout without sufficient volume, or broader market sell-offs. Any decisive close below this demand block would invalidate the accumulation thesis. Traders are advised to place stops below $169, scale into positions on retests of support, and use partial exits near $260–$280 while monitoring liquidity and order flow [1].

If the accumulation structure holds, Solana could see renewed upward momentum toward the $260–$280 range, supported by both technical indicators and strong capital inflows. Market participants are urged to closely watch volume and resistance levels for breakout confirmation.

Source: [1] Solana Forms Wyckoff Accumulation With Strong Inflows, May Reach $260–$280 If $176–$169 Support Holds August 22, 2025 (https://en.coinotag.com/solana-forms-wyckoff-accumulation-with-strong-inflows-may-reach-260-280-if-176-169-support-holds/)