Is Solana Ready to Hit $260 Again 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 latest worth dip, with analysts monitoring whether or not the token is getting ready to retest the $260 stage.

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

Analysts Look ahead to $260 Revisit

In accordance with Ali Martinez, Solana could also be positioning for a return to the $260 space. The chart reveals 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 might 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 may take it again towards the $165 to $170 space. This stage has acted as each help and resistance in earlier strikes and is being tracked by merchants as a attainable draw back goal.

Furthermore, information shared by Bitcoinsensus reveals 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 not too long ago seen one other 33% drop and has bounced from the identical trendline. If the sample continues, the present transfer may attain into the $280 to $300 vary. The channel construction stays intact, with larger lows supporting the concept patrons are nonetheless energetic.

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Liquidity Zones Between $190 and $210

A heatmap posted by CW shows that high-leverage lengthy positions had been not too long ago liquidated close to the $200 stage. The world round $190 is now exhibiting sturdy shopping for curiosity, which is performing 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 may rise rapidly if there may be renewed demand. In accordance with the analyst, “there isn’t a resistance for brief positions as much as $210,” making it a key zone to look at 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 offer regulated entry to SOL for a broader group of buyers. The event is seen as a part of ongoing efforts to convey digital belongings into conventional monetary merchandise.