Solana is gaining momentum with treasury inflows and strong technicals, as participants watch if it can close the gap with BNB and secure a top-5 spot.
Despite heavy competition in the top ranks, Solana has been quietly stacking momentum with both institutional flows and strong technicals lining up in its favor. The latest wave of treasury allocations, coupled with a clean breakout above key levels, has turned sentiment more bullish.
Another Treasury Move Adds to Solana’s Momentum
Another big player has stepped in for Solana. Nasdaq-listed Helius has raised over $500 million with support from Pantera and Summer Capital, and they’re stacking SOL as their reserve asset. What’s interesting is that this isn’t a one-off headline; over the past few days, more and more treasury-focused firms have been making the same move.
That steady flow of announcements makes it clear this isn’t just short-term hype. Companies are actually choosing to hold SOL on their books, and that type of backing naturally adds depth and confidence to the market.
Market Structure Points Towards Higher Highs
Solana’s price action is starting to look constructive again, with the chart showing a clean breakout above the $220 to $225 zone before retesting it as support. The trendline running higher from August continues to hold, keeping the bullish structure intact. As long as this ascending base isn’t broken, momentum suggests that the market is preparing for another leg up, with the path back toward the all-time highs opening up.
Solana flips major resistance into support, with momentum now eyeing a potential run toward the $300 zone. Source: Crypto Crib via X
Analyst Crypto Crib highlights how the recent breakout has shifted sentiment, noting that SOL has managed to flip a major resistance level into support. The chart shows price respecting both the horizontal zone and the rising trendline, which together create a strong technical base. If buyers continue to defend these levels, the setup leans toward continuation, with $300 becoming the next key area to watch.
SOL Shows Strength Against ETH
The SOL/ETH chart is showing a notable deviation below the 100-week EMA, which is now starting to regain strength. After dipping under this key zone, price has rebounded sharply and is now pressing against an important resistance area. A successful reclaim of 0.0560 would shift the structure more decisively in Solana’s favor.
Solana rebounds sharply against Ethereum, with a reclaim of 0.0560 potentially opening the path toward the 0.065–0.07 ETH zone. Source: Alex Clay via X
Analyst Alex Clay highlights that the rebound has already tilted short-term momentum bullish. If SOL manages to secure this reclaim, it sets the stage for a push towards the 0.065–0.07 ETH zone, signaling continued relative outperformance against Ethereum in the coming days.
Solana Key Levels
The order book shows Solana trading in a clear range of buy and sell walls, with the nearest support marked around $220. This area has already been tested, and so far, buyers are stepping in to defend it. A deeper layer of demand sits near $205 to $208, giving the market a strong cushion if the current zone fails to hold. On the other side, stacked sell walls begin appearing just above $235 and get heavier closer to $250, signaling where price may start to face resistance on the next leg higher.
Solana’s liquidity map highlights strong buy walls at $220 and demand near $205, with resistance building between $235 and $250. Source: CW8900 via X
Analyst CW8900 points out that these liquidity clusters will likely shape Solana’s short-term price action. Holding above $220 keeps momentum constructive, while a clean push through the $235 to $240 zone would open the door to testing $250 and beyond. The positioning of buy walls beneath price suggests buyers remain active, giving SOL room to grind higher as long as demand continues to absorb supply at each dip.
Can SOL Enter Top 5?
Solana is holding firm in the 6th spot with a market cap of about $128B, only a step behind BNB at $192B. With price hovering near $235 and trading volume staying strong above $9.7B in the past 24 hours, the gap between Solana and BNB has narrowed compared to earlier this year.
Solana is trading at around $235.83, down 0.72% in the last 24 hours. Source: Brave New Coin
The consistent inflows and recent breakout structure around the $220 to $225 zone are keeping bullish momentum intact, suggesting that Solana could continue to chip away at the difference if momentum sustains.
Analysts are pointing out that if Solana maintains its pace, especially with the surge in treasury moves and institutional positioning seen recently, the $192B gap isn’t out of reach. A strong leg higher towards $260 to $280 could accelerate this narrative, bringing SOL closer to a top-5 spot.