Solana price is in a corrective wave, holding key support as participants watch for signs of a rebound that could fuel its path towards higher targets.
Solana price is currently in a corrective wave, easing back after its strong rally but still holding firm above key support levels. This kind of retracement is often seen as a healthy reset, where price action cools off before momentum can build again.
ETFs Keep Solana Price Bullish and Trending
Solana continues to stand out among altcoins, with ETF and ETP inflows hitting $127 million in the past week. That marks 15 straight weeks of positive flows, pushing total assets under management to a record $4.3 billion. These numbers show how institutional products are providing steady demand, even as broader crypto markets face short-term correction.
Solana records $127M in weekly ETF inflows, marking 15 consecutive weeks of growth and boosting AUM to $4.3B. Source: SolanaFloor via X
For now, ETFs remain the key driver keeping Solana price trending and positioned firmly on investor radars. The data underscores how consistent capital allocation through structured investment products can stabilize price action and extend momentum beyond short-term retail cycles. If this streak continues, Solana could maintain its role as one of the most trending assets in the current market environment.
Solana Correction Still Holds a Bullish Structure
Solana has pulled back from its recent peak near $236, but the weekly chart from analyst Crypto_Scient shows this correction remains within a constructive setup. The token is retesting prior breakout levels around $188 to $190, which now act as a strong support zone. A dip further towards $175 would still fit within the broader trend, as long as the ascending structure and higher lows remain intact. This type of pullback often helps reset momentum after an extended rally.
Solana retests the $188–$190 breakout zone, keeping its bullish structure intact despite a correction from $236. Source: Crypto_Scient via X
The broader technical picture suggests Solana is still in a healthy phase, with the breakout from its long consolidation range intact. As long as price holds above the $188 area, the correction looks like a natural retest rather than the start of weakness. If buyers step in here, SOL Solana price could resume its path higher once this ongoing correction subsides.
Indicator Outlook: RSI Entering Oversold Levels
Solana’s 4H RSI is now pressing into oversold territory, a level that has triggered rebounds multiple times this year. Analyst Joe McCann notes that each dip into these zones has historically led to a short-term recovery, making this area one to watch closely. The indicator shows momentum stretched on the downside, which often precedes relief bounces when sellers begin to lose strength.
Solana’s 4H RSI enters oversold territory, a level that has repeatedly sparked short-term rebounds this year. Source: Joe McCann via X
That said, the broader picture still depends on how price reacts around its key weekly support near $188 to $190. If the RSI signal aligns with buyers stepping in at this zone, Solana could find a firm footing for another move higher.
Solana Price Prediction and $500 Outlook
Solana’s weekly chart is shaping into a constructive setup despite the recent dip, with analyst Chad noting that the token is likely to form another higher low around the Tenkan line or the top of the Ichimoku cloud. This kind of retest often signals healthy continuation, especially when higher lows remain intact on the weekly timeframe. The cloud structure continues to act as support, showing that Solana is still trading in a bullish environment.
Solana’s weekly structure holds bullish momentum, with analysts eyeing $188–$190 support as the base for a long-term move towards $500. Source: Chad via X
Looking at the bigger picture, the Gann chart projection highlights a longer-term path toward $500 if Solana maintains this structure. For now, the $188 to $190 zone remains the key defense for bulls, while holding above the cloud reinforces strength. If buyers step in at these levels, Solana price prediction could gradually build the momentum needed to target $500.
Final Thoughts: $188 to $190 Remain Important Support Area
Solana’s pullback looks more like a natural breather than the start of weakness, with the $188 to $190 support zone standing out as the key line in the sand. If history repeats, oversold RSI levels and strong ETF inflows could give the token the push it needs to stabilize and start climbing again. For traders, this correction may end up being the reset that fuels the next major leg higher.
Looking ahead, the $500 Solana price prediction remains ambitious but not unrealistic if Solana can keep up with its ETF inflows. With momentum still on its side and technicals aligning with long-term bullish setups, Solana continues to be one of the top assets to watch in this market cycle.