Solana's Potential Recovery: Analysts Eye a $260 Rebound After Recent Decline
Crypto Bits/Markets

Solana's Potential Recovery: Analysts Eye a $260 Rebound After Recent Decline

Analysts are observing Solana's recent price trajectory as it hovers around $193, highlighting signals that may indicate a rebound to the $260 mark amidst renewed market activity.

Solana (SOL) has garnered attention due to a recent price dip. Analysts are closely monitoring whether the cryptocurrency is gearing up for a retest of the $260 mark.

Despite experiencing short-term losses, various technical indicators suggest a potential upward movement. Traders are particularly attentive to liquidity zones and ETF filings that might impact future price movements.

Analysts Watch for $260 Revisit

According to analyst Ali Martinez, Solana could be on the verge of revisiting the $260 level. The price is currently tracing a broader uptrend, maintaining support despite a 5% drop in the last 24 hours and a decline exceeding 14% within the week, trading now around $193.

Solana $SOL could be looking to retest $260! pic.twitter.com/UriEqCNiX4 — Ali (@ali_charts) October 16, 2025

The chart indicates that $250 to $260 is a critical resistance zone; should the price rise into this range but fail to stabilize, a pullback could drag it back towards the $165 to $170 support level.

In addition, data shared by Bitcoinsensus showcases a recurring pattern in Solana’s daily chart, where past 33% corrections have previously been followed by robust recoveries.

Chart Analysis

Source: Bitcoinsensus/X

Solana has seen a previous 33% drop and rebounded from a similar trendline. If the pattern holds, the current juncture could push prices into the $280 to $300 range, supported by a consistent market structure of higher lows, indicating ongoing buying interest.

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Liquidity Zones Between $190 and $210

A heatmap shared by CW indicates that high-leverage long positions were liquidated near the $200 mark. Currently, strong buying interest around $190 is acting as a temporary support.

Above these levels, resistance diminishes up to $210, suggesting rapid price increases could occur with renewed demand. An analyst has noted:

There is no resistance for short positions up to $210, marking it a vital zone to monitor in the near future.

Liquidity Chart

Source: CW/X

Moreover, 21Shares has recently filed Form 8-A(12B) with the SEC, an essential step to facilitate the introduction of a Solana-based ETF, potentially broadening investor access to SOL.

The development signifies a continued effort to integrate digital assets into traditional financial markets.

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