Solana Holds $210 as Institutions Accumulate Billions—Is $320 the Next Target?

Solana’s price action is entering a decisive phase, as traders weigh oversold technical signals against strengthening institutional ￰0￱ token has pulled back to around $210, a level that continues to attract attention due to its role as both a support and breakout ￰1￱ Signals Suggest a Potential Rebound On the 4-hour chart, Solana is retesting the lower boundary of its ascending channel near $200. Trader Tardigrade pointed out that the relative strength index has dropped into oversold ￰2￱ condition has often preceded sharp reversals, increasing the likelihood of a ￰3￱ the support holds, a push towards $240 and finally the $300-$320 zone is still possible.

Meanwhile, a breakdown below $200 could paint a downside target towards $185. Ali Martinez emphasized another crucial ￰4￱ noted that Solana recently confirmed its breakout by retesting the $210 support area, which previously acted as strong ￰5￱ retest reinforces the broader bullish structure, supported by a consistent trend of higher lows since ￰6￱ sees resistance forming near $250, aligning with a Fibonacci extension that could accelerate gains toward $277 and $320. Conversely, losing the $210 pivot could drag prices back toward $190. Market Performance and Institutional Activity As of press time, Solana trades around $210.56 , marking a 3.74% daily decline and a 10.6% weekly ￰7￱ this correction, its market capitalization stands at over $114 billion, and daily trading volumes exceed $8.7 ￰8￱ numbers indicate solid liquidity and persistent investor interest, even in periods of ￰9￱ investors are increasingly shaping Solana’s long-term ￰10￱ Digital has raised its position to $1.55 billion after adding $306 million in fresh ￰11￱ Capital also maintains over $1 billion in exposure, signaling long-term conviction.

Additionally, Helius Medical introduced Solana into its corporate treasury, purchasing 760,000 tokens worth $167 million at an average price of $231. The company intends to scale holdings to $500 million, not only for capital appreciation but also for staking and DeFi yield opportunities .