Solana price is holding near $238 with $230–$240 acting as key accumulation support; Fibonacci retracements at $229 and $219 and a $12.5B TVL underpin ongoing accumulation and trader interest in scaling positions into the $230–$240 range.
SOL steadies at $238 with $230–$240 as primary accumulation support.
Fibonacci retracements (0.5 ≈ $229, 0.618 ≈ $219) guide entries and stop placement.
Solana ecosystem posts $12.537B TVL, strong stablecoin base, and 85% of new token launches in 2025.
Solana price: SOL holds $238, eyes $230–$240 accumulation range—track Fibonacci and TVL; read tactical steps to position now.
What is Solana’s current accumulation outlook?
Solana price is in an accumulation phase near $238, with the $230–$240 range identified as primary structural support. Traders watch Fibonacci retracement levels and volume to time scaled entries while TVL and on-chain metrics support longer-term confidence.
How do Fibonacci levels and TVL influence SOL support and trade setups?
Fibonacci retracement levels provide short-term entry and liquidation zones. The 0.5 retrace (~$229) and 0.618 (~$219) act as tactical entry points. Meanwhile, a $12.537 billion TVL and healthy stablecoin capitalization reinforce macro support and liquidity for accumulation strategies.
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Solana holds $238 as traders eye $230–$240 support, with Fibonacci levels and $12.5B TVL fueling its strong accumulation cycle.
- SOL steadies at $238 as traders target $230–$240 range for key structural accumulation.
- Fibonacci zones at $229 & $219 guide retracement plays, with $200 as major fallback support.
- Solana ecosystem expands with $12.5B TVL, strong stablecoin base, and 85% of new token launches.
Solana (SOL) continues to trade within an accumulation cycle, with market participants focusing on structural support zones and volume confirmation. At the time of writing, SOL traded near $238, holding stability around key levels. Analysts are monitoring retracement zones and liquidity activity to scale into positions prudently.
Why is $230 an important structural support for SOL?
$230 is a visible structural floor where prior volume and orderbook depth consolidated. The $230–$240 corridor offers a defined risk area for traders to enter while using Fibonacci levels and a horizontal $200 support as fallback risk management points.
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Fibonacci retracement analysis shows the 0.5 level near $229 and 0.618 near $219, indicating common retracement targets where liquidity can cluster. Traders anticipate increased volatility around these zones and plan position sizing accordingly.
A horizontal support near $200 remains a deeper structural safety zone within the broader trend. Monitoring price reaction, on-chain liquidity movement, and exchange book depth helps identify optimal accumulation points without overexposing risk.
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Source: https://en.coinotag.com/solana-may-be-entering-230-240-accumulation-zone-as-tvl-nears-12-5b/