Solana Price Prediction: SOL Eyes $210 Rebound After Accumulation

Accumulation Builds Momentum for Next SOL Rally

Solana (SOL) is gaining strength following an extended consolidation period, as traders anticipate a rebound to the level of $210. Ecosystem information and chart data indicate a possible turning point with rising institutional demand.

Analyst Ali noted that SOL is gearing up for a near-term rebound after consolidating around the $185 zone. The crypto is forming a base between $180 and $182, where buyers appear to be absorbing pressure and stabilizing the structure. According to his projection, a minor dip toward $178 could precede a recovery toward $191, with a decisive close above this level opening the path to $195 and $210. 

SOLUSD 4H CHART | SOURCE: X

Most importantly, this formation points to an accumulation, often seen before a bullish formation. Maintaining higher lows and an increase in momentum could help the token regain the lost market.

Solana Tests Resistance

Analyst Crypto_Tony also noted a corrective wave pattern that points to a temporary rebound within a larger retracement. SOL is now trading at about $186.69, having recovered off the local support, with the upside capped at around $193, which is a crucial level matching past consolidation.

SOLUSD 12H CHART | SOURCE: X

The analyst highlighted that failure to attain a firm close above this level could be the initiating factor for another decline. This corrective count suggests overlapping structures and lower highs, invalidating the possibilities of a rally. If the asset weakens again, potential support may emerge between $165 and $170.

Solana Ecosystem Drives Momentum

According to data provided by Solana Sensei's DeFi Development Corp., the network’s ecosystem remains a powerhouse. The chain has recorded an ATH of tokenized stock trading of $1.11 billion this year, surpassing all other blockchains. This represents a high level of institutional traction and transfer of real-life asset projects to faster and less expensive infrastructures. The scalability and efficiency of the chain are also making it more attractive, more so in the face of financial institutions adopting tokenization to enhance liquidity and transparency. 

SOURCE: X

This increase in activity is a sign of confidence among investors in the long-term value of the chain. As the number of DeFi protocols and RWA projects grows fast, blockchain is becoming the main layer of next-generation financial products.

By the time of going to press, SOL is trading at around $185, where a proven breakout above $191 could lead to the next target of $210, while failure to support $178 may lead to stagnation.