Is Solana Ready to Hit $260 Again After 33% Pullback?

Solana (SOL) is drawing attention following a recent price dip, with analysts monitoring whether the token is preparing to retest the $260 level. Despite short-term losses, several technical patterns are pointing to a potential move higher. Market participants are also watching liquidity zones and ETF filings, which may influence upcoming price action. Analysts Watch for $260 Revisit According to Ali Martinez, Solana may be positioning for a return to the $260 area. The chart shows that the price remains within a broader upward channel. Although SOL has declined by 5% in the last 24 hours and over 14% in the past week, it is still respecting the current trend. At press time, it traded at around $193. Solana $SOL could be looking to retest $260! pic.twitter.com/UriEqCNiX4 — Ali (@ali_charts) October 16, 2025 Notably, the chart outlines $250 to $260 as a key resistance zone. If the price rises into this range but fails to hold, a retracement could take it back toward the $165 to $170 area. This level has acted as both support and resistance in previous moves and is being tracked by traders as a possible downside target. Moreover, data shared by Bitcoinsensus shows a repeated pattern on Solana’s daily chart. In past moves, 33% corrections were followed by strong rallies. The first recovery gained 93% and the second reached 100% . Each time, the price reversed near the lower boundary of a rising channel. Source: Bitcoinsensus/X Solana has recently seen another 33% drop and has bounced from the same trendline. If the pattern continues, the current move could reach into the $280 to $300 range. The channel structure remains intact, with higher lows supporting the idea that buyers are still active. Liquidity Zones Between $190 and $210 A heatmap posted by CW shows that high-leverage long positions were recently liquidated near the $200 level. The area around $190 is now showing strong buying interest, which is acting as short-term support. Above current levels, the chart reveals low resistance up to $210. With fewer resting sell orders in this range, the price could rise quickly if there is renewed demand. According to the analyst, “ there is no resistance for short positions up to $210 ,” making it a key zone to watch in the near term. Source: CW/X Furthermore, 21Shares has submitted Form 8-A(12B) to the Securities and Exchange Commission. This filing is required to complete the process for listing a Solana-based exchange-traded fund. The document was filed after markets closed. Meanwhile, this registration allows for the launch of a spot Solana ETF, which would provide regulated access to SOL for a broader group of investors. The development is seen as part of ongoing efforts to bring digital assets into traditional financial products. The post Is Solana Ready to Hit $260 Again After 33% Pullback? appeared first on CryptoPotato .