Is Solana Able to Hit $260 Once more After 33% Pullback?

Solana trades close to $193 as analysts monitor patterns pointing to a $260 retest, rising demand zones, and a newly filed spot ETF utility.

Solana (SOL) is drawing consideration following a current worth dip, with analysts monitoring whether or not the token is making ready to retest the $260 degree.

Regardless of short-term losses, a number of technical patterns are pointing to a possible transfer greater. Market members are additionally watching liquidity zones and ETF filings, which can affect upcoming worth motion.

Analysts Look ahead to $260 Revisit

In line with Ali Martinez, Solana could also be positioning for a return to the $260 space. The chart exhibits that the worth stays inside a broader upward channel. Though SOL has declined by 5% within the final 24 hours and over 14% up to now week, it’s nonetheless respecting the present development. At press time, it traded at round $193.

Solana $SOL could possibly be trying to retest $260! pic.twitter.com/UriEqCNiX4

— Ali (@ali_charts) October 16, 2025

Notably, the chart outlines $250 to $260 as a key resistance zone. If the worth rises into this vary however fails to carry, a retracement might take it again towards the $165 to $170 space. This degree has acted as each help and resistance in earlier strikes and is being tracked by merchants as a potential draw back goal.

Furthermore, knowledge shared by Bitcoinsensus exhibits a repeated sample on Solana’s day by day chart. In previous strikes, 33% corrections had been adopted by sturdy rallies. The primary restoration gained 93% and the second reached 100% . Every time, the worth reversed close to the decrease boundary of a rising channel.

Solana has lately seen one other 33% drop and has bounced from the identical trendline. If the sample continues, the present transfer might attain into the $280 to $300 vary. The channel construction stays intact, with greater lows supporting the concept that patrons are nonetheless energetic.

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Liquidity Zones Between $190 and $210

A heatmap posted by CW exhibits that high-leverage lengthy positions had been lately liquidated close to the $200 degree. The realm round $190 is now exhibiting sturdy shopping for curiosity, which is appearing as short-term help.

Above present ranges, the chart reveals low resistance as much as $210. With fewer resting promote orders on this vary, the worth might rise rapidly if there may be renewed demand. In line with the analyst, “there isn’t any resistance for brief positions as much as $210,” making it a key zone to observe within the close to time period.

Moreover, 21Shares has submitted Kind 8-A(12B) to the Securities and Alternate Fee. This submitting is required to finish the method for itemizing a Solana-based exchange-traded fund. The doc was filed after markets closed.

In the meantime, this registration permits for the launch of a spot Solana ETF, which would supply regulated entry to SOL for a broader group of buyers. The event is seen as a part of ongoing efforts to deliver digital property into conventional monetary merchandise.