Solana Holds $180 Support as Charts Point to Rebound Toward $230 and $290

Solana maintains strong structure above $180 support, signaling potential rebound toward $230 and $290.

Institutional inflows and ETF growth reinforce Solana’s bullish setup amid rising market participation.

On-chain metrics and trading data confirm sustained uptrend with higher highs and expanding liquidity.

Solana (SOL) maintains its upward trajectory within an ascending channel, showing strength above the key $180 support zone. The cryptocurrency continues to trade steadily near $199 at the time of writing, with technical indicators and institutional momentum aligning for a possible rebound toward $230 and even $290 in the broader trend.

Solana Maintains Strong Support Within Ascending Channel

According to analysis prepared by Ali Charts, Solana’s price action remains within a well-defined ascending channel that has guided its movement since early 2025. The price currently holds near $194 to $199, maintaining structure above the crucial $180 support line.

This level has served as a foundation for recent recoveries and continues to attract consistent buying interest. The mid-channel zone near $215 acts as the next area of resistance before the projected advance toward $230 and $250

The upper boundary of the channel extends toward $270 and $290, representing potential targets if current market momentum continues. TradingView data validates the formation of a positive structure of increasing highs and increasing lows, which are the signs of a continuing bullish construction and enhancing investor confidence in daily trading.

Institutional Activity and Market Data Reinforce Bullish Outlook

Solana’s market capitalization recently exceeded $105 billion after a 12% recovery from this month’s lows. Data compiled by ETF.com shows consistent inflows into the REX-Osprey Staking Solana ETF, which now manages over $400 million in assets. The growing institutional demand from firms like Fidelity, VanEck, and Grayscale signals long-term confidence in Solana’s network performance and liquidity strength.

Source: CryptoCub(X)

On-chain data shows a 14% increase in stablecoin supply and a 55% rise in adjusted transaction volume over the last 30 days, totaling $48 billion. This activity supports Solana’s expanding ecosystem, which now ranks as the second-largest player in decentralized exchange volumes.

According to CryptoCub, Solana’s long-term chart displays consistent uptrend formation since late 2025, with historical patterns indicating potential continuation toward $900 by mid-2026. Maintaining support above $180 remains key to sustaining momentum, with the next technical milestones positioned near $230 and $290 as Solana’s bullish setup matures.

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