$SOL Solana’s price action is following the classic Wyckoff accumulation model, giving analysts reason to forecast a powerful breakout.
📊 Wyckoff Phases Recap:
Phase A (Mar–Jul 2024): SOL traded near $204 before falling to $125.
Phase B (Jul 2024–Apr 2025): Rally to $293, then sharp correction to $95.
Phase C (Apr–Jun 2025): Bounce from $95 → $187, retest of $126 support.
Phase D (Jun–Sep 2025): Breakout to $254, current pullback to ~$194.
Phase E (Next): Analysts project a 157% rally toward $500, completing the Wyckoff cycle.
💡 Institutional Catalysts:
Canary Capital just filed for a Solana ETF, emphasizing staking + holding mechanisms. If approved, this could bring regulated access to SOL.
Grayscale also added Solana to its CoinDesk Crypto 5 ETF, positioning it alongside BTC, ETH, XRP & ADA.
🌐 Impact:
ETF filings and regulated exposure mark a turning point. Institutional visibility historically drives adoption before approvals even finalize. Pair that with Wyckoff’s technical roadmap, and Solana could be setting up for its next major expansion phase.
👉 Analysts now eye $500 $SOL as the next long-term target, fueled by both technical structure and institutional momentum.
