Solana Price Prediction: Holding Above $185 Could Trigger a 30% Rally Towards $250

Solana is holding firm at key support as ETF approvals and rising DeFi activity fuel expectations for a potential breakout toward the $250 mark.

Market watchers believe Solana could be setting up for a major move, with ETF approvals, strong technical levels, and growing DeFi activity all lining up in its favor. The price has recently pulled back to a key support zone near its yearly open, a level that’s now acting as a springboard for renewed momentum.

Solana ETF Approvals Could Signal a Major Step for Institutional Adoption

Analyst CryptoCurb highlights that up to eight Solana ETFs are reportedly on track for approval, a development that could mark a significant milestone for the asset. Such a move would provide institutional investors with a regulated, familiar way to gain exposure to SOL, potentially unlocking fresh capital flows from asset managers, hedge funds, and others.

While Bitcoin and Ethereum ETF launches have previously shown how these products can enhance market depth and credibility.

Institutional acceptance via ETFs would not only improve liquidity but also create a more stable investor base, helping SOL weather market fluctuations with greater resilience. It could also accelerate the adoption of Solana’s broader ecosystem by drawing in long-term holders and professional market participants, setting the stage for deeper integration into diversified crypto portfolios.

Solana Retests Yearly Open, Strengthens Bullish Setup

SOL has pulled back to retest its yearly open near the $185 level, holding firmly after a sharp run toward $215. This type of retracement can act as a healthy reset within a broader uptrend, shaking out weaker hands while reaffirming a key technical anchor. The quick rebound from this zone hints at strong buy-side interest, suggesting that market participants are still committed to defending higher timeframe structure.

Solana holds firm at its yearly open near $185, signaling strong bullish commitment ahead of potential ETF approvals. Source: MacroCRG via X

Analyst MacroCRG points out that such clean retests often precede renewed momentum, especially when paired with upcoming catalysts like the anticipated approval of multiple Solana ETFs. Holding this support keeps the door open for an advance towards the $220 to $250 range, with the retest serving as a potential springboard for the next leg higher.

Short Liquidations Add Fuel to Solana’s Uptrend

Solana’s recent climb to $209 triggered over $30 million in short liquidations within 24 hours, signaling that bearish bets were swiftly overturned by strong upward momentum. The largest single liquidation occurred at $204 for $1.34 million.

This kind of aggressive short squeeze often amplifies existing trends, forcing sidelined participants to reconsider their positioning and sometimes drawing in additional momentum buyers.

Over $30M in Solana short positions were liquidated within 24 hours, clearing bearish pressure and fueling its push toward $220. Source: SolanaFloor via X

With SOL Solana price already holding its yearly open and maintaining a bullish technical structure, this liquidation event adds another layer of confirmation to the market’s strength. As short positions are cleared out, overhead pressure lessens, giving Solana more breathing room to test and potentially break through the $215 to $220 zone.

Solana Technical Outlook Points to Key Levels Ahead

Solana’s recent price action shows a measured pullback from the $218 zone, with the chart highlighting potential support areas around $203 and a deeper range near $185 to $176 if selling pressure extends. These levels have acted as demand zones in previous sessions, making them important reference points. The projected path on the chart also outlines a possible retest of lower supports before any sustained attempt to reclaim the $230 to $250 region.

Solana eyes key supports at $203 and $185, with analysts saying a hold above these levels could pave the way for a breakout towards $250. Source: AB Trades via X

Crypto analyst AB Trades notes that maintaining structure above $185 would keep the broader bullish bias intact, especially with the market still digesting the upcoming ETF catalyst. A controlled dip into support could provide the market with the reset needed for stronger follow-through, while holding above $203 in the near term may signal that buyers are ready to defend territory aggressively.

Solana DeFi TVL Climbs to $11.24B

Solana’s DeFi ecosystem has just crossed $11.24 billion in Total Value Locked (TVL) for the first time since February 2025 as highlighted by SolanaFloor. Kamino Finance, Jito Sol, and Jupiter Exchange lead the charge, collectively holding over $9 billion of that total, a sign that liquidity is concentrating in high-usage protocols. This uptick in on-chains aligns with the emerging bullish momentum on technicals.

Solana’s DeFi TVL hits $11.24B, led by Kamino Finance, Jito Sol, and Jupiter Exchange holding over $9B combined. Source: SolanaFloor via X

Final Thoughts

Solana’s setup is leaning bullish, with ETF approvals, strong support at the yearly open, and rising DeFi TVL all pointing toward sustained momentum. The recent $30M short squeeze only adds fuel to this narrative, clearing out bearish pressure and giving buyers more room to push higher. If SOL holds above $185 and reclaims $215 with conviction, the path towards $230 to $250 becomes much more attainable, especially with institutional interest potentially kicking into gear through SOL ETF inflows.