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2025-10-05 05:01:25

Solana Nears $260 Resistance; Weekly Close Could Signal Rally Toward $520 Amid On-Chain Growth

Solana is testing critical resistance near $260; a confirmed weekly close above $260 would signal bullish momentum and could set a rally path toward $520, supported by rising TVL, improving on-chain liquidity, and bullish technical indicators. Solana nears $260 resistance; weekly close above could trigger a rally toward $520. On-chain metrics show rising TVL and growing DEX volumes, supporting network liquidity. Technical indicators — MACD, 50-day and 200-day SMAs — confirm bullish momentum with weekly gains above 7%. Solana resistance near $260: weekly close above $260 could spark a $520 rally — read on for on-chain data, technical setup, and trading considerations. What is the current Solana resistance level and why does it matter? Solana resistance sits near $260; a weekly close above $260 is widely viewed as the trigger for a sustained bullish phase. A confirmed breakout would align price action with on-chain growth, creating a path toward higher resistance zones up to $520 within a multi-month horizon. How strong is the on-chain evidence supporting a Solana bull case? On-chain data shows tangible increases in Total Value Locked and DEX activity. Solana’s TVL reached roughly $12.647 billion with a daily rise of 3.97%, and decentralized exchange volumes show expanding DeFi usage. These metrics indicate growing liquidity and utility, which historically support price appreciation when paired with technical breakouts. { "@context": "https://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://en.coinotag.com/solana-260-resistance-analysis" }, "headline": "Solana Nears $260 Resistance; Weekly Close Could Ignite Rally Toward $520", "image": [ "https://en.coinotag.com/wp-content/uploads/2025/10/image-46.png", "https://en.coinotag.com/wp-content/uploads/2025/10/image-45.png" ], "datePublished": "2025-10-03T08:00:00Z", "dateModified": "2025-10-03T12:00:00Z", "author": { "@type": "Organization", "name": "COINOTAG" }, "publisher": { "@type": "Organization", "name": "COINOTAG", "logo": { "@type": "ImageObject", "url": "https://en.coinotag.com/wp-content/uploads/coinotag-logo.png" } }, "description": "Solana resistance near $260: a weekly close above $260 could spark a rally to $520, supported by rising TVL and bullish technicals."} Why would a weekly close above $260 matter for SOL price action? Weekly closes confirm institutional and longer-term trader conviction. Closing above $260 would indicate that sellers at prior highs have been absorbed and that bullish order flow dominates. Historically, such weekly confirmations precede extended rallies, especially when backed by improving on-chain metrics and moving average alignment. Solana Approaches Key Resistance Zone Solana is trading near $229 and is approaching a decisive range around $240–$260. Price history shows a peak near $260 in late 2021, a multi-month drawdown in 2022, and a recovery phase that formed higher lows into 2025. Analysts note that a weekly close above $260 would open upside targets at $280, $360, $440 and $520. A weekly close above $260 could ignite a Solana $SOL bull rally to $520. pic.twitter.com/ZfkD2gcaHV — Ali (@ali_charts) October 3, 2025 The weekly chart shows resistance bands at $240, $280, $360, $440 and $520, with support identified at $160 and $80. Analyst Ali stated: “a weekly close above $260 could ignite a Solana bull rally to $520,” outlining a multi-step path with consolidation and resistance tests along the way. Source: TedPillows (X) Market momentum remains constructive. SOL traded with weekly gains of roughly 7.15% and sits above key moving averages. Analyst Ted highlighted a cluster of long liquidation orders between $200–$220, which may serve as a liquidity sweep zone before continuation. Support near $200 is considered robust by multiple on-chain observers. What do on-chain metrics and technical indicators reveal? Solana’s on-chain fundamentals support the bullish outlook: TVL near $12.647 billion and stablecoin market cap around $15.115 billion indicate sizable liquidity on network. DEX volume of approximately $4.126 billion reflects expanding DeFi activity, increasing transaction throughput and fee capture potential. Source: DeFiLlama Technicals are aligned: MACD histogram displays rising positive momentum and SOL trades above the 50-day SMA ($212.82) and the 200-day SMA ($169.20). Pattern analysis from ZYN notes three corrective phases near -24% historically, each followed by strong recoveries; the current structure matches prior recovery behavior pointing toward $280–$300 in the near term. { "@context": "https://schema.org", "@type": "HowTo", "name": "How to interpret a Solana breakout above $260", "description": "Step-by-step guide to assess Solana price action and on-chain confirmation for a breakout above $260.", "step": [ { "@type": "HowToStep", "position": 1, "name": "Check weekly close", "text": "Confirm a clean weekly close above $260 to validate breakout strength." }, { "@type": "HowToStep", "position": 2, "name": "Verify on-chain metrics", "text": "Confirm rising TVL, increasing DEX volumes, and stablecoin liquidity as evidence of fundamental support." }, { "@type": "HowToStep", "position": 3, "name": "Monitor technical indicators", "text": "Watch MACD momentum and SMA alignment; a MACD crossover and price above 50/200 SMAs strengthen the bull case." } ], "totalTime": "P1M"} { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What happens if Solana closes above $260 on the weekly chart?", "acceptedAnswer": { "@type": "Answer", "text": "A weekly close above $260 would likely confirm a bullish breakout and could lead to a multi-month rally toward higher resistance levels such as $280, $360, and potentially $520, supported by rising TVL and bullish technical indicators." } }, { "@type": "Question", "name": "Which on-chain metrics support Solana's price strength?", "acceptedAnswer": { "@type": "Answer", "text": "Key supporting metrics include a TVL near $12.647 billion, a stablecoin market cap around $15.115 billion, and DEX volumes of roughly $4.126 billion, all indicating increasing liquidity and DeFi activity on Solana." } }, { "@type": "Question", "name": "How should traders manage risk around $200–$220 liquidity zones?", "acceptedAnswer": { "@type": "Answer", "text": "Traders should watch for liquidity sweeps and use layered stop-losses; the $200–$220 zone may host long liquidations but also acts as a strong support area if absorption occurs." } } ]} Frequently Asked Questions How likely is a Solana rally to $520 after a breakout? Historical price structure and current on-chain growth make a rally to $520 plausible after a confirmed weekly breakout, but the move depends on sustained liquidity, macro conditions, and follow-through from institutional buyers. When will a breakout be confirmed on the weekly timeframe? A breakout is confirmed when price closes the weekly candle above $260 with above-average volume and supportive on-chain inflows, reducing the chance of a false breakout. Key Takeaways Resistance level : $260 is the critical weekly resistance that could determine the next trend phase. On-chain support : TVL (~$12.647B) and DEX volumes (~$4.126B) indicate improving network liquidity. Technical confirmation : MACD positivity and price above 50/200 SMAs support a bullish bias; manage risk around $200–$220 liquidity pools. Conclusion Solana’s approach to the $260 resistance combines technical momentum and improving on-chain fundamentals. A weekly close above $260 would strengthen the case for a multi-stage rally toward higher targets like $520. Watch weekly confirmation, TVL trends, and SMA alignment for validation, and consider risk controls if trading the breakout.

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