Solana Nears $260 Resistance; Weekly Close Could Signal Rally Toward $520 Amid On-Chain Growth

• Solana nears $260 resistance; weekly close above could trigger a rally toward $520.

• On-chain metrics show rising TVL and growing DEX volumes, supporting network liquidity.

• Technical indicators — MACD, 50-day and 200-day SMAs — confirm bullish momentum with weekly gains above 7%.

Solana resistance near $260: weekly close above $260 could spark a $520 rally — read on for on-chain data, technical setup, and trading considerations.

What is the current Solana resistance level and why does it matter?

Solana resistance sits near $260; a weekly close above $260 is widely viewed as the trigger for a sustained bullish phase. A confirmed breakout would align price action with on-chain growth, creating a path toward higher resistance zones up to $520 within a multi-month horizon.

How strong is the on-chain evidence supporting a Solana bull case?

On-chain data shows tangible increases in Total Value Locked and DEX activity. Solana’s TVL reached roughly $12.647 billion with a daily rise of 3.97%, and decentralized exchange volumes show expanding DeFi usage. These metrics indicate growing liquidity and utility, which historically support price appreciation when paired with technical breakouts.

Why would a weekly close above $260 matter for SOL price action?

Weekly closes confirm institutional and longer-term trader conviction. Closing above $260 would indicate that sellers at prior highs have been absorbed and that bullish order flow dominates. Historically, such weekly confirmations precede extended rallies, especially when backed by improving on-chain metrics and moving average alignment.

Solana Approaches Key Resistance Zone

Solana is trading near $229 and is approaching a decisive range around $240–$260. Price history shows a peak near $260 in late 2021, a multi-month drawdown in 2022, and a recovery phase that formed higher lows into 2025. Analysts note that a weekly close above $260 would open upside targets at $280, $360, $440 and $520.

A weekly close above $260 could ignite a Solana $SOL bull rally to $520. pic.twitter.com/ZfkD2gcaHV

— Ali (@ali_charts) October 3, 2025

The weekly chart shows resistance bands at $240, $280, $360, $440 and $520, with support identified at $160 and $80. Analyst Ali stated: “a weekly close above $260 could ignite a Solana bull rally to $520,” outlining a multi-step path with consolidation and resistance tests along the way.

Market momentum remains constructive. SOL traded with weekly gains of roughly 7.15% and sits above key moving averages. Analyst Ted highlighted a cluster of long liquidation orders between $200–$220, which may serve as a liquidity sweep zone before continuation. Support near $200 is considered robust by multiple on-chain observers.

What do on-chain metrics and technical indicators reveal?

Solana’s on-chain fundamentals support the bullish outlook: TVL near $12.647 billion and stablecoin market cap around $15.115 billion indicate sizable liquidity on network. DEX volume of approximately $4.126 billion reflects expanding DeFi activity, increasing transaction throughput and fee capture potential.

Technicals are aligned: MACD histogram displays rising positive momentum and SOL trades above the 50-day SMA ($212.82) and the 200-day SMA ($169.20). Pattern analysis from ZYN notes three corrective phases near -24% historically, each followed by strong recoveries; the current structure matches prior recovery behavior pointing toward $280–$300 in the near term.

Frequently Asked Questions

How likely is a Solana rally to $520 after a breakout?

Historical price structure and current on-chain growth make a rally to $520 plausible after a confirmed weekly breakout, but the move depends on sustained liquidity, macro conditions, and follow-through from institutional buyers.

When will a breakout be confirmed on the weekly timeframe?

A breakout is confirmed when price closes the weekly candle above $260 with above-average volume and supportive on-chain inflows, reducing the chance of a false breakout.

Key Takeaways

• Resistance level: $260 is the critical weekly resistance that could determine the next trend phase.
• On-chain support: TVL (~$12.647B) and DEX volumes (~$4.126B) indicate improving network liquidity.
• Technical confirmation: MACD positivity and price above 50/200 SMAs support a bullish bias; manage risk around $200–$220 liquidity pools.

Conclusion

Solana’s approach to the $260 resistance combines technical momentum and improving on-chain fundamentals. A weekly close above $260 would strengthen the case for a multi-stage rally toward higher targets like $520. Watch weekly confirmation, TVL trends, and SMA alignment for validation, and consider risk controls if trading the breakout.