Buying Opportunity in Solana: Buying Levels Revealed
Solana is trading at $226.15, down about $4.94 (−2.14%) from its prior close. The intraday high reached $237.32 and the low dipped to $226.05.
Pullback in Uptrend. Price remains in an Uptrend but has pulled back, which could present a ‘buying dip’ opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend.
Solana Next Target
- Price: $226.15
- Intraday High / Low: $237.32 / $226.05
- Market Cap: $122.6 Billion
- 24-Hour Trading Volume: $4.8 Billion
- Circulating Supply: 542,000,000 SOL
- Total Supply: 573,000,000 SOL
Bullish breakout from Ascending Triangle pattern signaled resumption of Uptrend with +30-50% potential upside to $275-$300. That $300 is the 52-week high from Dec 2024. Price is pulling back, which could offer another attractive entry near $200-$210 support zone.
Stop Loss at $173. Solana is a Layer 1 (L1) protocol with 40% share of fees generated, about the same as ETH, yet the SOL market cap is still only 1/5 that of ETH. There’s been several Solana-focused Treasury companies buying SOL.
Most recently, Forward Industries seeks to raise additional $4B for its Solana-Focused Treasury. That’s on top of the $1.6B they just spent to acquire 6.8M SOL. Currently, 15.8M SOL tokens have been acquired by SOL-focused Treasury companies. That’s 3% of supply.
Key Indicators & Market Signals
- SOL is under pressure, having broken below recent support zones.
- Resistance now lies near ~$240. A push above that could help reverse the downtrend.
- Support must hold near ~$220–$225 to avoid weakening further.
- Momentum indicators suggest caution—further downside is possible if buyers don’t step in.
Latest News Highlights
- Broader market weakness is weighing on altcoins like SOL.
- SOL’s ecosystem developments, ETF talk, and institutional flows are still key drivers watched by investors.
Summary
With SOL currently priced at $226.15, it is testing lower ranges. The resistance near $240+ and support around $220–$225 will be crucial in determining its next direction. A clear break above resistance could restart upward momentum, while a loss of support might push SOL lower.