Solana Price Prediction: SOL Targets $212 as Strong Technical Setups and Global Liquidity Aligns

Solana’s strength is quietly building, with steady weekly trends, strong chart setups, and solid on-chains. The focus is now on the $212 level, and with global liquidity lending a hand, the Solana price prediction is shaping up to be one of the more interesting discussions within the Solana community

Solana and Global Liquidity: A Telling Correlation

After a major rally of almost 25% by Solana in April is gaining attention. A new chart shared by CryptoCurb is turning heads, showing a clear correlation between Solana’s price action and global liquidity trends. The data, pulled from GMI’s Total Liquidity Index with a 12-week lead, reveals how closely SOL Solana price has historically followed moves in broader liquidity cycles.

Solana’s price tracks closely with global liquidity cycles, highlighting a key macro correlation. Source: CryptoCurb via X

While this doesn’t guarantee a rally, the timing is notable. Solana has already been showing strong relative strength among Layer 1s, and this liquidity tailwind could give bulls another reason to lean in. As always, it’s worth keeping an eye on broader macro trends because when liquidity flows, assets like SOL often respond quickly.

Solana Charts a Path Toward $212 After Bullish Pennant Break

With global liquidity turning upward, Solana may be entering a phase where strong technical setups start to matter again, and one is already taking shape. Analyst MartyParty highlights a clear bullish pennant breakout on the daily chart, with a projected target near $212. This kind of formation, typically seen as a continuation pattern, suggests that the upward trend is ready to resume after a healthy consolidation phase.

Solana breaks out of a bullish pennant, eyeing a $212 target as momentum builds. Source: MartyParty via X

Volume has started to pick up, and price structure shows SOL grinding higher with higher lows, indicating growing buyer interest. The $175 to $180 zone remains key in the short term; a solid hold above this range could open the door to that $212 target. While nothing is guaranteed, the alignment of macro liquidity trends and this fresh Solana Price Prediction adds weight to the bullish scenario.

Solana Liquidations Spike as Price Tests Key Zone

Solana’s recent climb into the $172 to $174 region is drawing more than just technical attention as liquidation activity is heating up fast. According to the 12-hour liquidation heatmap from CoinGlass, this zone is stacked with high-leverage positions, both long and short.

Solana faces growing liquidation pressure as price tests key $172–$174 zone, potentially fueling volatility. Source: Jesse Peralta via X

These kinds of clusters tend to act like a magnet, and once price enters these zones, volatility usually follows. As noted by crypto analyst Jesse Peralta, Solana’s push into this range may trigger further liquidations before momentum continues. It also ties back to the recent bullish pennant breakout, with price still eyeing the $212 target as outlined in earlier Solana price prediction.

Solana Holds Weekly Bullish Trend

While many altcoins have shown immense weakness over the last several months, Solana has quietly maintained its weekly bullish trend for six straight months, a rare show of strength. Crypto analyst Nebraskangooner’s chart underlines how SOL has kept buyers in control even as other names struggled.

Solana maintains a strong weekly bullish trend for six months, showing resilience even amid broader market weakness. Source: Nebraskangooner via X

What makes this interesting is the way SOL keeps bouncing back at key levels like $175. It’s not just about big moves; it’s about how the price behaves over time. If this strength keeps up, we might see continuation setups emerge, and that’s something the Solana community could be looking into.

What’s Next for Solana

With strong global liquidity trends, bullish chart patterns, and solid weekly strength, Solana is showing it’s not just a short-term player. Even as liquidations create near-term noise, the bigger picture points to resilience and potential.

If Solana can keep holding above key levels like $175, it may have the fuel to aim for higher targets like $212 in the coming weeks. While nothing is guaranteed, the mix of technical setups and macro tailwinds makes SOL one of the more interesting names to watch right now.