Solana (SOL) price held key support zone between $105 and $125 as buyers stepped in. If they keep this range intact, it could pave the way for a strong upward move.
A top analyst predicted that a clean rebound from this area could see SOL price print a clean breakout to $240.
Meanwhile, Solana’s spot ETFs are drawing serious attention after they saw 18 straight days of positive net inflows, with total investments topping $510 million.
Expert Predicts Solana (SOL) Price Rally To $240
The SOL price chart is lining up with a rare level of technical confluence, and as DrBullZeus highlights, the market is now sitting in a zone that deserves attention.
The price has dipped directly into the “liquidity grabbed and pump hard” region, which overlaps perfectly with a clearly defined bullish order block.
This area has supported Solana before, and it’s showing signs of holding again after a multi-week pullback.
Solana is shaping a large descending triangle, and the price is pressing deeper into it. This setup suggests a big move could be just around the corner.
If buyers hold the $105–$125 range, Solana could stage a strong rebound. That bounce might push the price toward $240, close to its previous high and a major liquidity area.
Looking further ahead, the triangle’s apex points to early 2026, suggesting a big move could be on the horizon.
The move might start in the coming weeks or build momentum closer to that key point, but the setup is already clear. All Solana needs now is momentum.
Crypto Tony pointed out that the $130 mark acts as a critical pivot. A rejection at $130—especially one followed by weakness on the lower timeframes—would suggest that the bounce is merely a relief move.
That kind of reaction often sets up a clean short opportunity, with downside pressure likely returning in full force.
Cumulative Solana Spot ETF Record $0.5 Billion
Solana spot ETF recorded their 18th day of consecutive positive net inflows with the cumulative inflows reaching a total of $510 million.
Launched in early November, these ETFs have already drawn significant institutional interest and triggered growing confidence in Solana’s long-term potential.
The Bitwise BSOL fund is dominating the Solana spot ETF market after attracting close to $444.1 million which accounts for nearly 90% of total flows.
Other major players including Fidelity (FSOL), Grayscale (GSOL), VanEck (VSOL), and 21Shares (TSOL) all recorded steady inflows.
Fidelity pulled in $9.8 million, Grayscale $41.1 million, VanEck $3.5 million, and 21Shares $1.2 million.
Solana’s moving averages are flashing a warning. The short-term EMA is nearing a cross below the long-term EMA, a pattern traders call a Death Cross.
This setup often signals the start of a longer downtrend. Looking back, Solana has shown similar moves in Q1 and Q2, hinting that history could be repeating itself.
In past cycles, Solana dropped 59% from its local peak before the Death Cross fully formed.
If the pattern repeats today, SOL could fall toward $98, extending its current 47% decline from the recent high.