Solana News Today: Solana Bulls Target $260 as On-Chain Inflows Surge 42%

Several technical indicators are flashing bullish for Solana (SOL), reinforcing the idea that a rally toward $260 is the next key target. The weekly chart shows a strong and intact uptrend, with $162 acting as a crucial support level for the continuation of the rally [1]. Following a recent six-month high of $209, Solana retraced to $175 before rebounding to $180, with multiple indicators suggesting the uptrend remains intact [1].

Analysts highlight the formation of a textbook accumulation base, mirroring the Wyckoff model, which suggests that sellers may be exhausted while buyers are gradually taking control [4]. This accumulation pattern has formed two clear consolidation zones, indicating that a significant move upward could be imminent if momentum continues to build [4].

On the weekly chart, Solana is forming a massive ascending triangle, with resistance levels ranging from $250 to $260. A breakout above this resistance, particularly if confirmed by a close above $260, could unlock further gains toward $320–$350 [4]. The 4H chart also shows a falling wedge pattern, a reliable bullish reversal formation, with price action pressing near the lower boundary of the wedge around $176. A breakout above $188–$190 would be a key confirmation of the upward shift [4].

The on-chain activity supports the bullish case, with over $1 billion in capital flows bridging into Solana in the past 30 days. This inflow outpaces Ethereum, Arbitrum, and Base, capturing over 42% of recent bridging volume [4]. This surge in liquidity and network activity points to increasing institutional interest and confidence in the ecosystem.

However, caution is warranted due to recent whale activity. A large holder recently unstaked 98,291 SOL (worth $17.83M) and transferred it to Binance, a move that historically has signaled potential sell-side pressure [4]. While this doesn’t negate the bullish technical setup, it introduces short-term volatility and the possibility of profit-taking. Support levels around $176 to $169 will be critical in determining whether the bullish structure remains intact [4].

Analysts have also pointed to the role of ETF inflows in driving Solana’s momentum. With rising demand and strong capital flows, the asset is gaining traction as a preferred destination for liquidity and institutional capital [5]. If the bullish patterns on both the daily and weekly charts confirm, and ETF inflows continue to surge, the path toward $260—and beyond—becomes more probable [5].

Despite the optimism, the market remains unpredictable. While the accumulation base, on-chain inflows, and bullish chart patterns all support a potential move toward $260, whale activity and exchange inflows serve as reminders that volatility can emerge at any time. If the key support levels hold, dips could present buying opportunities rather than signs of a breakdown [4].

The market is watching closely for confirmation of a breakout. A sustained move above $260 would validate the bullish case and potentially set the stage for a broader rally toward $320–$350. But for now, investors must remain cautious as the battle between buyers and sellers continues to unfold [1][4].

Source: [1] SOL chart is the most bullish in crypto right now: Is $260 next? (https://cointelegraph.com/news/sol-chart-is-the-most-bullish-in-crypto-right-now-is-dollar260-next)

[4] Solana Price Prediction: Whale Moves Add Caution as Bulls Target 240–260 Range (https://bravenewcoin.com/insights/solana-price-prediction-whale-moves-add-caution-as-bulls-target-240-260-range)

[5] Solana Price Prediction: ETF-Fueled Momentum Could Push SOL Toward 250–260 Range (https://bravenewcoin.com/insights/solana-price-prediction-etf-fueled-momentum-could-push-sol-toward-250-260-range)