Solana Price Prediction – Why Traders Are Eyeing THESE Short-Term Targets

Solana bulls charge forward as traders lock in aggressive short-term targets—ignoring traditional finance's skepticism about crypto's latest rally.

Technical Breakout Confirmed

SOL smashed through key resistance levels, flashing bullish signals across every major timeframe. The momentum isn't slowing down—traders now target specific price zones that could deliver serious gains within weeks.

Market Sentiment Shifts

Fear-of-missing-out grips institutional and retail players alike. Options flow shows massive call buying, while spot volumes hit multi-month highs. Everyone wants a piece of Solana's action—even the Wall Street suits who called it 'just another altcoin' last quarter.

Short-Term Targets in Play

Traders eye specific Fibonacci extensions and historical resistance points. These aren't random numbers—they're calculated levels where profit-taking could kick in… or where breakout momentum might just accelerate.

Just remember—in crypto, today's price target is tomorrow's 'what were we thinking?' moment. But for now, the charts say buy.

Key Takeaways

Solana broke bullishly out of a rising wedge, but a momentum and price divergence suggested a pullback to $217 and $210 was likely in the coming days.

Solana [SOL] has broken out of its rising wedge pattern. Generally considered a bearish pattern, it can sometimes have a bullish breakout as well.

In an earlier report, AMBCrypto highlighted the potential for a 10% price pullback.

This was based on the idea that the outperforming Solana could be part of a temporary capital rotation from Bitcoin [BTC] and ethereum [ETH].

The rising SOL Futures Open Interest hinted at momentum chasers and speculative traders, but the MOVE past $220 was a sign of bullish strength.

Bullish outlook with a minor dip ahead for Solana

Source: SOL/USDT on TradingView

On the 1-day chart, the market structure of solana was bullish. A set of Fibonacci retracement levels was plotted based on the rally to $206 in June and July.

The retracement after this rally reached $156, the 61.8% retracement level.

Hence, the selected Fibonacci levels were viable for retracement and extension targets. At the time of writing, SOL was testing the $225 level, which was the 23.6% extension level.

Further higher, the $256 and $286 levels were the next price targets.

The OBV has been trending higher consistently since June, reflecting increased buying pressure. Meanwhile, the RSI was only at 56.

This showed that the market was nowhere NEAR overextended levels, based on the momentum indicator.

Source: SOL/USDT on TradingView

On the other hand, the 4-hour timeframe showed a clear bearish divergence.

The RSI has been making lower highs since the 8th of September, while the price pushed higher. This suggested that a Solana pullback was likely.

Source: Coinglass

The 1-week liquidation heatmap showed that the $230 and $217 were short-term price targets.

It appeared like SOL was headed higher despite the bearish divergence. In case of a pullback, the $217 and $210 support levels WOULD be the ones to watch.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion