Solana Could Target Around $458 After Confirming Breakout and Holding $233.8

• Confirmed breakout and retest: SOL flipped bullish near $129 and retested $233.8 as support.

• Holding $233.8 targets $457.97, implying nearly 100% upside if momentum persists.

• Daily Supertrend turned green at $203.15 and MACD shows a bullish crossover; institutional buys reported, adding liquidity.

Solana price rallies after a confirmed breakout; hold above $233.8 targets $457.97 — track technicals and institutional flows for next steps. Read more.

Solana reached $233 after confirming a bull pattern near $129. A hold above this zone opens the door for $457 upside.

Solana confirmed its bullish breakout around $129, advanced steadily, and has now retested the $233.8 level as a decisive price zone.

• Solana confirmed its bullish breakout around $129, advanced steadily, and has now retested the $233.8 level as a decisive price zone.
• Holding above $233.8 strengthens the pathway toward $457.97, which represents nearly 100 percent upside potential from current trading levels.
• Technical confirmation with higher highs and bullish indicators reinforces continuation, as Solana positions itself among the strongest altcoins driving market momentum.

Solana has extended its bullish momentum after a strong breakout, with the price trading near $239.82 and maintaining market confidence. The asset continues to build momentum as traders watch for the next critical resistance levels.

What is driving the Solana price surge?

Solana price is rising due to a confirmed bull pattern near $129, a successful retest of $233.8, bullish technical indicators, and reported institutional accumulation. These factors combined create a favorable setup for further upside while defining clear support and resistance zones.

How likely is Solana to reach $457.97?

Reaching $457.97 depends on sustained momentum above $233.8 and continued bullish signals. Technicals show the Supertrend flipped green at $203.15 and the MACD has produced a bullish crossover, which historically supports extended rallies. Reported institutional buys add conviction but risk management is essential.

Frequently Asked Questions

What is the immediate price target for Solana?

The immediate target is $457.97 if Solana holds above $233.8; this represents roughly a 100% upside from current trading levels and depends on sustained bullish momentum and buying pressure.

How should traders interpret the Supertrend and MACD signals?

Traders view a green Supertrend as a confirmed buy signal and a MACD bullish crossover as momentum confirmation; together they suggest trend continuation but should be used with support/resistance and position sizing rules.

Price Action Strengthens with Technical Confirmation

Market analyst Javon Marks noted Solana confirmed a bull pattern near $129, marking a decisive momentum shift. The price advanced steadily, reaching and retesting the $233.8 target, a crucial resistance-turned-support zone.

The level at $233.8 now acts as a pivotal battleground for buyers and sellers. Holding above it signals continuation, while a rejection may push prices toward $180–$200. The bullish structure of higher highs and higher lows remains intact.

If bulls maintain control at this price area, the next target near $457.97 enters play. This potential move represents almost 100 percent upside from current levels, reinforcing Solana’s role in leading recovery phases.

Indicators Support Ongoing Momentum

Solana’s daily chart shows strong bullish signals. The Supertrend flipped green at $203.15, confirming a buy trend and establishing a solid support base. Prices remain comfortably above this level, reflecting confidence among traders.

The MACD indicator also confirms building strength. A bullish crossover has occurred, with the MACD line moving above the signal line. Expanding positive histograms suggest increasing momentum aligned with the broader upward trend.

Source: TradingView

As long as the Supertrend remains intact and the MACD sustains its bullish crossover, Solana retains strong potential for continuation. These signals indicate the setup favors ongoing upward pressure in the short to mid-term.

Institutional Demand Adds Fuel

Institutional interest is also growing. Rekt Fencer noted Galaxy Digital acquired more than two million Solana tokens within 24 hours. The purchase, valued at over $500 million, suggests major players are actively entering positions.

Such heavy buying volume adds liquidity and strengthens the bullish case. Market participants view this accumulation as a potential driver of short squeezes, amplifying upside moves when combined with existing technical momentum.

The combination of strong technical signals and institutional inflows enhances Solana’s position. If momentum sustains above $233.8, the pathway toward the projected $457.97 remains open in the current bullish structure.

Key Takeaways

• Breakout confirmed: SOL flipped bullish near $129 and retested $233.8 as support.
• Technical alignment: Supertrend green at $203.15 and MACD bullish crossover support continuation.
• Institutional inflows: Reported large buy orders increase liquidity and upside potential; manage risk around $233.8 support.

Conclusion

Solana price momentum is supported by a confirmed breakout, a decisive $233.8 retest, bullish indicators, and notable institutional accumulation, creating a plausible path toward $457.97. Traders should watch support at $233.8 and monitor Supertrend and MACD signals while applying risk controls. COINOTAG will continue monitoring developments and publishing updates.

Published: 2025-09-12 · Updated: 2025-09-12 · Author: COINOTAG