- Solana (SOL) price fell to $181.35 after market turbulence, with strong institutional accumulation maintaining investor interest and mid-term support.
- Weekly charts show a cup-and-handle pattern forming on SOL, signaling potential breakout targets at $250, with long-term levels toward $500–$1,000.
Solana (SOL) is trading at $181.35 after a 22.40% over the week. With $9.94 billion in trading volume,investors are watching market turbulence and technical pullbacks for signs of a potential reversal.
Market Response and Technical Setup
Solana dropped sharply following Donald Trump’s announcement of a 100% tariff on China, which rattled cryptocurrency markets. The token fell 17.8% to $183.93, creating short-term volatility across exchanges.
Over the past month, SOL mostly traded between $210 and $245, with a brief dip below this range during late September. The altcoin bounced back in early October, reclaiming the mid-zone of its local price range.
Jonathan Carter observed that SOL is forming a cup-and-handle pattern on the weekly chart. He expects that when that accumulation completes, the formation could trigger a near-term breakout toward $250.
On-chain data shows accumulation by mid-term investors and rising Institutional demand despite market fluctuations. RSI readings are reflecting this bullish divergence. This suggests buyers are entering positions during dips.
Price Levels and Movements
If SOL holds above 210 support, bullish momentum could lead to targets around $250, with long-term levels between $500 and $1,000 if buying continues.Analyst are predicting a potential upward movement.
The pullback gives SOL a chance to stabilize. Staying above support zones keeps the price structure intact. Traders are watching the current range for potential entry points.
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