The post Analyst Predicts $270 Solana Price as DEX Volumes Soar Despite Whale Selling appeared on BitcoinEthereumNews.com.

Solana (SOL) has taken a backseat since Ethereum started making headlines. Today, August 12, the Solana price trades at $178 with a 0.3% drop. Meanwhile, DEX volumes are rising, but whales are not convinced. Instead, they are selling in what appears to be a rush. Elliot Wave Pattern Signals Solana Price Rally to $270 The Elliot wave pattern is showing a lot of bullish bias for the SOL price. This is usually deemed to be a bullish pattern, and when it establishes a target, that price is often reached. In this case, there is a chance that Solana might rise. Analyst TheChartArtist places the target at $270. This will mark the last point where SOL is going to reach per this pattern. He also looks at what has happened in the past, noting that so far, Solana has attained every target of the Elliott wave. However, there is only one way that the Solana price can rise. This is if it can create a higher high. The analyst puts this at $194. It is at this point that the possibility of gains is going to increase, and once that happens, getting to $270 will no longer be a pipe dream. Solana Price Chart (Source: X) Nevertheless, even as the Elliott wave flashes in favor of bullish traders, there is a hurdle. This one lies at $240, and this is where resistance is. If Solana bulls get a chance to take the price here and they sustain above it, getting to $270 will be the first step to more gains. Besides, rising odds for a spot SOL ETF will make more gains possible. However, this analyst’s stance only applies to short-term moves. This is because a long-term Solana price prediction 2025 and beyond hints that an even higher price might be…

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Filed under: News - @ August 12, 2025 5:30 pm