Solana’s token moved into the spotlight this week as reports tied renewed upward pressure to heavy buys by major players.
Reports have disclosed that this type of accumulation often removes supply from the market, at least temporarily, and can leave prices more sensitive to new demand.
But they didn’t buy the cycle top. They’re front-running something deeper.
Traders pointed to a cluster of support around $220–$230. That zone matters because it was a barrier that, once cleared, turned into a floor for buyers to defend.
Short squeezes were also observed, where traders betting against SOL were pushed to close positions. Volume spiked on some of the upward moves, which made runs sharper, and that can speed up both gains and corrections.
Based on reports from market commentary, the range of price forecasts now stretches far. Some analysts put nearer-term targets at $250 or $300 if buying continues and technicals hold.
More optimistic scenarios, often framed as longer-term or best-case outcomes, extend the outlook to $350–$450. A claim that SOL could reach $460 has circulated in some corners, but clear public backing for that exact figure appears limited in mainstream outlets.
Solana is showing three major levels of interest before a strong pullback is likely. The most probable targets to watch are ~$260, ~$380, and ~$460 before a major correction sets in.
Regulatory clarity or the launch of regulated products that let big pools buy SOL safely would widen the buyer base.
Finally, stronger real-world use on the Solana chain — more transactions, apps, and revenue — would add a fundamental argument for much higher valuations. Time also matters; even strong bull cases often play out over many months.
Market participants warned that risks remain. If macro conditions tighten, or if network problems reappear, any rally can be cut short. Overbought readings on some indicators suggest a pullback is possible before further gains.
Watch exchange flows, whether large wallets keep withdrawing SOL, and whether the $220–$230 band holds. Those signals should tell traders a lot about the likely next leg.
Featured image from Shutterstock, chart from TradingView
