Use Solana (SOL) to $315? Key Chart Signal You Need to See

Generally, I Think Solana is testing the lower boundary of its ascending channel on the monthly chart, a level that has historically served as a strong reversal zone, so you should probably keep an eye on it. Basically, If this level holds, it could set the stage for a move towards higher targets of $263 and $315, which is pretty exciting.

Monthly Chart Analysis

Normally, Solana is going to test the lower boundary of its ascending channel on the monthly chart, and this level has historically served as a strong reversal zone, you know. Usually, If this level holds, it could set the stage for a move towards higher targets of $263 and $315, but we will see what happens.

Weekly Chart Insights

Occasionally, On the weekly chart, Solana has been trading within a broad range between $125 and $250 for nearly two years, which is a long time. Sometimes, The price has recently reached the lower edge of this range, and a small bounce has been observed, so that’s good news. Mostly, The Stochastic RSI indicator is showing a golden cross in the oversold zone, hinting at a potential bounce, and that’s something to consider.

Short-Term Outlook

Ideally, On the 4‑hour chart, Solana is reacting at a previously tested support zone between $124 and $125, which is interesting. Normally, If buyers maintain control above $134–$135, the price could push towards $145.84 and $149.31, but it’s not guaranteed. Sometimes, However, if this level is not held, the lower zone may be tested again, and that’s a possibility.

ETF Flows

Currently, Franklin Templeton launched its spot SOL ETF on December 5, with initial inflows of $531 million during the first week of trading, which is a lot of money. Generally, Despite some outflows since November 26, total assets in Solana ETFs remain above $900 million, so that’s a good sign. Recently, A recent inflow of $4.59 million suggests a possible shift in sentiment, and that’s something to think about.

Conclusion

Ultimately, Solana is at a critical juncture, with technical indicators and ETF flows suggesting a potential reversal towards higher prices, so you should be prepared. Probably, Traders will be closely watching the support levels to see if the current bounce can be sustained, and that’s what I would do. Usually, You should keep an eye on Solana and see what happens next, because it’s looking pretty good.