Elite Trader Updates His Solana Price Prediction – Here’s Why SOL Pullback Shouldn’t Worry Holders

Top market analyst Ali just shared a fresh look at Solana (SOL), and it’s exactly the kind of update long-term holders like to hear

After a strong run this year, Solana price has cooled off a bit, but Ali says the recent dip is nothing more than a healthy retest before the next move higher.

What the SOL Chart Is Showing

Ali’s chart maps Solana’s climb from April with a steady upward trendline that’s still perfectly intact

Over the past few weeks, SOL price broke above a major resistance level at $210, propelled to $236–$238, and then retreated back to revisit that very same breakout zone.

The pullback happens at the 1.272 Fibonacci extension, which is a common spot for prices to pause and refuel.

On the chart, Ali even sketches a dotted path pointing to the next levels of interest: $270 first, and then $320, which matches the 1.618 Fibonacci extension.

Read Also: How High Can Avantis (AVNT) Spike This Bull Run?

Image Source: X/Ali Why the Solana Price Pullback Looks Healthy

A dip like this often shakes out short-term traders and recharges the trend. Instead of making lower lows, Solana is holding its higher lows, which shows buyers are still in control. Volume has eased a bit, but that’s normal when the market takes a breather.

As long as SOL price stays above the $210 zone, the bullish pattern remains strong. If the price were to drop and stay below $200, that would be the first sign of trouble, but there’s no sign of that right now.

What’s Next for Solana

Ali’s updated target of $320 means there could still be about 50% upside from today’s price near $208

With the main trendline pointing higher and momentum indicators holding steady, the setup suggests this dip might actually be setting up the next big move.

Bottom line: Solana price pullback isn’t a reason to panic. It’s more like the market taking a deep breath. If Ali’s chart plays out, SOL could be on track for a strong rally once this retest phase wraps up.

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The post Elite Trader Updates His Solana Price Prediction – Here’s Why SOL Pullback Shouldn’t Worry Holders appeared first on CaptainAltcoin.