{"id":234385,"date":"2026-10-01T06:04:03","date_gmt":"2026-10-01T06:04:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=234385"},"modified":"2026-10-01T06:04:03","modified_gmt":"2026-10-01T06:04:03","slug":"solana-sol-breakout-incoming-how-high-can-the-price-go","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=234385","title":{"rendered":"Solana (SOL) Breakout Incoming: How High Can the Price Go?"},"content":{"rendered":"

SOL had quite a successful September, posting a price increase of almost 20% and currently trading at $120 (per CoinGecko).<\/p>\n

Analysts now eye further gains toward $150 and beyond. However, certain technical indicators suggest that a short-term pullback may also be on the horizon.<\/p>\n

What\u2019s Next?<\/h2>\n

Ali Martinez paid special attention to the strong institutional demand, noting<\/a> that spot US SOL ETFs continue to absorb Solana. He said these products have accumulated roughly 4.37 million coins (worth around $450 million) since July 13, marking 11 consecutive weeks of net inflows. That said, he assumed that SOL might be headed toward $150.<\/p>\n

In fact, last week was the second-best for these exchange-traded funds, which accumulated nearly $190 million. As CryptoPotato<\/em> reported<\/a>, the cumulative total inflows into the products skyrocketed to a new all-time high of $1.62 billion.<\/p>\n

X users Gordon and Scient also weighed in. The former argued<\/a> that \u201cdips are for buying,\u201d adding that the perfect trading strategy would be to accumulate SOL at around $100 and sell above $500. Scient expects<\/a> a sell-off at the start of October and plans to short Solana at approximately $120-$121 and open a long position around $110.<\/p>\n

However, the actions of a certain mysterious whale support an entirely bullish scenario. X user Max Crypto revealed<\/a> that the anonymous market participant opened a $20.2 million long position on SOL. The liquidation price is set at $98 (assuming the whale doesn\u2019t add more collateral to prevent that outcome).<\/p>\n

What\u2019s interesting is that the investor has made four trades so far and has a 100% win rate, making $4.7 million in profits. This, of course, has sparked speculation that they might have access to inside information the rest of us don\u2019t.<\/p>\n

Monitoring These Indicators<\/h2>\n

Solana\u2019s exchange netflow backs the predictions of Gordon and Scient that SOL may post a short-term correction. Inflows have far exceeded outflows lately, suggesting investors have shifted from self-custody to centralized platforms, which can increase immediate selling pressure.<\/p>\n

<\/a>SOL Exchange Netflow, Source: CoinGlass<\/p>\n

For its part, SOL\u2019s Relative Strength Index (RSI) has soared past 70. In simple terms, this means the valuation has pumped too much in a short period and entered overbought territory, which is usually a precursor to a move south. Conversely, anything below 30 is interpreted as a buying opportunity.<\/p>\n

<\/a>SOL RSI, Source: CryptoWaves<\/p>\n

\u00a0<\/p>\n

The post Solana (SOL) Breakout Incoming: How High Can the Price Go?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

SOL had quite a successful September, posting a price increase of almost 20% and currently trading at $120 (per CoinGecko). Analysts now eye further gains toward $150 and beyond. However, certain technical indicators suggest that a short-term pullback may also be on the horizon. What\u2019s Next? Ali Martinez paid special attention to the strong institutional […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-234385","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/234385"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=234385"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/234385\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=234385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=234385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=234385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}