A potential price recovery for Solana (SOL) is being explored, fueled by increasing institutional interest and the appearance of bullish technical patterns on the daily chart. Cointelegraph highlights that SOL’s recent price dip towards $175 before stabilizing indicates a possible upward movement. Veteran chartist John Bollinger predicts W-shaped reversals in both Ether and Solana using his Bollinger Bands framework, suggesting an opportunity to observe this pattern. This setup may lead to a recovery to the neckline of the W-shape pattern at $210 before potentially reaching the target price of $250. crypto YouTuber Lark Davis has also expressed optimism regarding Solana’s outlook, noting a potential RSI momentum breakout and MACD bullish cross. If confirmed, this could further drive SOL prices towards their $250 target. He emphasized the importance of maintaining support from the 200-day EMA, currently at $200. Solana is attracting growing institutional interest in investment products, evidenced by CoinShares data showing a recent influx of $156.1 million into SOL ETPs last week. This surge, coupled with Bitcoin’s outflows and a potential SEC approval for Solana ETFs, indicates an increasing appetite for the asset among institutions.