Solana Nears $260 Resistance as Analysts Eye Potential Rally Toward $520

Solana nears $260 resistance, with a breakout signaling potential rally toward $520.

On-chain data shows rising TVL, strong liquidity, and steady growth across DeFi activity.

Technical indicators and moving averages confirm bullish momentum supporting Solana’s long-term uptrend.

Solana is approaching a crucial technical level that could determine its next market phase. The token trades near $229, maintaining a steady uptrend as traders watch the $260 resistance. According to market analysts, a confirmed weekly close above this level could trigger a multi-month bullish continuation toward $520.

Solana Approaches Key Resistance Zone

According to analysis prepared by Ali Charts, Solana’s weekly chart from 2021 through 2027 shows a strong recovery structure after its 2022 decline. Price action peaked near $260 in late 2021, fell below $40 in 2022, and has since regained strength, forming higher lows and consistent bullish candles through 2025.

The chart shows strong resistance at $240, $280, $360, $440 and $520 and the support is strong at $160 and $80. Ali stated that “a weekly close above $260 could ignite a Solana bull rally to $520,” outlining a path marked by structured consolidation at each resistance zone.

Source: TedPillows(X)

Market momentum continues to build as Solana trades near $225.77 after weekly gains of 7.15%. Analyst Ted observed that more than $200 million in long liquidations are positioned between $200 and $220, a zone that may act as a liquidity pool before continuation. He noted that such a sweep would not weaken the market, as $200 remains strong support.

On-Chain Data and Technical Indicators Support Uptrend

According to data from DeFiLlama, Solana’s Total Value Locked (TVL) reached $12.647 billion with a daily increase of 3.97%. Stablecoin market capitalization stood at $15.115 billion, showing growing network liquidity. Decentralized exchange volumes totaled $4.126 billion, reflecting expanding DeFi activity.

Source: DeFiLlama

Technical indicators confirm the bullish setup. The MACD histogram shows rising positive momentum, while Solana trades above major moving averages. The 50-day SMA sits at $212.82 and the 200-day SMA at $169.20, both supporting an upward trend.

ZYN’s daily chart analysis records three corrective phases of around -24%, each followed by sharp recoveries. The latest pattern suggests continued movement toward the $280 to $300 range, aligning with the bullish projections by Ali Charts.

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