- Solana price retests $240–$250, reflecting a classic cycle of boom, crash, and recovery that continues to shape investor accumulation strategies.
- On-Balance Volume signals slowing momentum as Solana struggles at resistance, while traders watch for a decisive breakout or possible short-term correction.
- Helius Medical Technologies secures $500M to establish Solana treasury, adopting $SOL as primary reserve asset and targeting growth through DeFi opportunities.
Solana (SOL) continues to mirror textbook market cycles, with its price once again testing a major resistance level after years of recovery.
Solana’s Market History Shapes Investor Behavior
IncomeSharks emphasized that Solana’s trajectory reflects repeated patterns of boom, bust, and recovery. In 2021, the token shot in single digits to almost 260, followed by a sharp fall. The crash was below the price of $10 in late 2022, and this event formed a key accumulation period.
The recovery has also been extended to 2024 and 2025 by disciplined buyers who accumulated at that time. Solana now trades back at $240–$250, a resistance level that has historically acted as a ceiling for extended rallies.
According to IncomeSharks, buying when others are fearful and selling into overextended optimism has remained a consistent approach. The present setup echoes this cycle once again.
Current Resistance Zone and Technical Risks
The weekly chart indicates Solana’s price is struggling to break through the $240–$250 region. This zone has capped rallies in past cycles and is being tested once again. Bearish divergence was indicated in the earlier on-Balance Volume readings in the year indicating the possibility of a slowing momentum behind the rising price.
Failure to breach this ceiling could trigger a correction into the $180–$200 range. Traders remain alert to whether buying pressure will confirm strength above current levels. A weekly close above $250 would validate a breakout, potentially driving Solana toward $320–$350 in the coming months.
These levels represent the dividing line between continued consolidation and the continuation of Solana’s macro bull trend.
Institutional Adoption Adds Fuel to Outlook
Broader confidence in Solana extends beyond trading cycles. Crypto Miners reported that Helius Medical Technologies secured more than $500 million to establish a Solana treasury. The company partnered with Pantera Capital and Summer Capital, planning to allocate $SOL as its primary reserve asset.
Helius intends to expand holdings over the next 12–24 months, benefiting from Solana’s ~7% staking yield and DeFi opportunities. This institutional-scale commitment reinforces the role of $SOL in both market cycles and long-term corporate strategies.
While traders focus on chart resistance, the combination of disciplined accumulation strategies and institutional adoption sets the stage for Solana’s next decisive move.
