- Solana forms Wyckoff accumulation base, signaling bullish reversal with targets at $260–$280.
- Strong capital inflows boost Solana, surpassing Ethereum, Arbitrum, and Base in net bridging volume.
- Key support between $176–$169 must hold to maintain bullish structure and upward momentum.
Solana (SOL) is building a clear accumulation structure after a strong decline earlier this year. The price has been forming consolidation zones that often precede upward moves, while technical models now signal a potential bullish reversal. At the time of review, SOL was trading at $184.65, reflecting a 2.5% daily increase.
Accumulation Pattern and Price Structure
The chart shows Solana’s sharp downward trend from February to March, followed by a recovery phase marked by a market structure shift. Two rectangular accumulation blocks formed, representing zones of balanced buying and selling activity.
These blocks have created a foundation for higher lows and higher highs since April. Kamran Asghar noted that “SOL is showing a clear accumulation pattern, a strong sign of a bullish reversal.” His chart projection points toward $260–$280 as the next target zone.
The pattern also aligns with the Wyckoff accumulation model, where extended consolidation frequently precedes a decisive breakout. According to BitGuru, Solana topped near $209.69 before correcting into the $175–$177 demand block. The market now trades near $187.70, testing the $190–$195 resistance zone.
Market Performance and Capital Flows
Solana’s market capitalization stands at $99.74 billion, with a fully diluted valuation of $112.24 billion. The circulating supply is 540.19 million SOL, while total supply equals 607.90 million. Trading volume within 24 hours was recorded at $6.57 billion, reflecting strong participation across exchanges.
On-chain activity indicates consistent inflows. According to The Moon Show, over $1 billion in capital bridged into Solana over the past 30 days, surpassing Ethereum, Arbitrum, and Base in net inflows. This liquidity shift supports the accumulation phase observed on charts.
Analysts emphasize that defending support between $176 and $169 remains crucial for sustaining the bullish reversal structure. If confirmed, Solana could extend toward the $260–$280 range in the coming sessions.
