Solana price has broken out of a rising wedge but shows momentum divergence; a short-term pullback to $217–$210 is likely before higher targets near $256–$286 resume. Watch RSI, OBV and Futures open interest for confirmation.
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Immediate outlook: SOL likely retests $217–$210 support.
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Bullish structure on the 1-day chart matches Fibonacci extension targets at $256 and $286.
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On-chain and futures metrics show increased open interest and buying pressure; RSI divergence on the 4-hour suggests a short-term correction.
Solana price outlook: SOL may dip to $217–$210 after a rising wedge breakout; monitor RSI, OBV and liquidation heatmaps for trade signals.
What caused Solana’s breakout and why might a pullback follow?
Solana price broke out of a rising wedge pattern, signaling buyer conviction after the move past $220. However, a bearish RSI divergence on the 4-hour chart and rising futures open interest indicate momentum exhaustion, making a short-term pullback to $217–$210 likely.
How strong is the bullish case on higher timeframes?
On the 1-day chart, market structure remains bullish with a valid Fibonacci retracement from the June–July rally to $206. The 23.6% extension near $225 is testing, while $256 and $286 stand as the next extension targets. OBV has trended higher since June, showing sustained buying pressure.
Source: SOL/USDT on TradingView (plain text)
How likely is a short-term retracement and what levels matter?
Bearish divergence on the 4-hour RSI has shown lower highs since 8 September while price made higher highs. Combined with elevated futures open interest — a sign of momentum chasers — a retracement is probable. Key support levels to watch are $217 and $210; stops below $210 increase downside risk.
Source: SOL/USDT on TradingView (plain text)
When do the liquidation maps and on-chain metrics influence the trade plan?
The 1-week liquidation heatmap identifies concentration zones near $230 and $217, suggesting clustered stops that can fuel volatile moves. If liquidation cascades are avoided and $217 holds, buyers could re-enter and target $256. Coinglass liquidation snapshots and futures OI trends were used as reference data (plain text).
Source: Coinglass (plain text)
Frequently Asked Questions
What is the immediate Solana price target after the breakout?
The immediate upside targets are $256 and $286 based on 1-day Fibonacci extensions, while a conservative near-term retest of $217–$210 is more likely before those levels are reached.
How should traders manage risk during a potential SOL pullback?
Use staggered entries, place protective stops below $210, and monitor RSI and OBV for trend confirmation. Reduce position size when futures open interest spikes to limit liquidation risk.
Does open interest confirm the breakout?
Rising Futures Open Interest suggests speculative participation and confirms conviction, but it also raises the likelihood of a sharp correction if momentum stalls.
Key Takeaways
- Short-term pullback likely: RSI divergence on the 4-hour signals a retrace to $217–$210.
- Higher-timeframe bullish: 1-day structure and OBV support higher targets at $256 and $286.
- Risk management: Monitor liquidation heatmaps and futures open interest; use stops below $210.
Conclusion
Solana price action shows a mix of bullish structure and short-term momentum weakening. SOL pullback to $217–$210 would be healthy and could set the stage for moves toward $256–$286 if on-chain buying and OBV remain supportive. Traders should watch RSI, futures open interest and liquidation zones and manage risk accordingly.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Analysis uses market data and charting tools referenced as plain text (TradingView, Coinglass, COINOTAG). Published by COINOTAG. Publication date: 2025-09-12. Updated: 2025-09-12.
