Solana’s price initially surged from around $183 to a peak near $196 before facing strong resistance and pulling back.
The correction saw the Altcoin lose momentum, dropping below $186 as selling pressure increased.
Currently holding near $184.5, down by about 0.12% as of the time of writing.
Source: CoinMarketCap
As per analyst Ali Martinez, Solana ($SOL) has surged an impressive 3,700% since December 2022, reaching a critical resistance zone near $225.
The chart shows this level has acted as both a major supply and demand area in previous cycles, making it a decisive point for the next move.
A clear weekly close above this resistance could confirm bullish continuation, potentially opening the path for new all-time highs toward the $465–$1200 range, as shown by the projected dotted path.
Such a breakout would likely signal strong institutional demand and renewed investor confidence.
However, failure to break and hold above $225 could trigger a retracement phase. In that case, Solana might revisit key support zones around $135, $81, or even $50, aligning with historical accumulation levels.
Martinez’s chart outlines this bearish scenario as an equally plausible outcome given the magnitude of the prior rally.
A move back to these lower supports would allow for market reaccumulation before the next major leg up.
The coming weeks will be crucial in determining whether Solana continues its parabolic rise or pauses for a healthy correction.
Solana leads ETF race as institutional demand surges
As per analyst curb.sol, Solana’s lead in ETF filings signals a strong surge in institutional demand.
With 23 ETF filings since 2024, Solana now matches and even surpasses Bitcoin in investor interest.
Source: X
This remarkable figure shows that major financial entities are recognizing Solana’s technological strength and market potential.
Institutions are clearly positioning themselves early, viewing Solana as a critical player in the future of decentralized finance.
The rise in ETF filings also highlights Solana’s growing credibility in mainstream markets.
According to curb.sol, this interest could open the door to massive liquidity inflows once approvals begin.
It is showing that Solana has moved beyond speculation and is being embraced as a long-term infrastructure asset.
If ETFs go live, Solana (SOL) could attract significant capital, reinforcing its dominance and driving the next wave of institutional crypto adoption.