Solana started a fresh increase above the $215 zone. SOL price is now consolidating above $212 and might aim for more gains above the $220 zone. SOL price started a fresh upward move above the $205 and $212 levels against the US Dollar. The price is now trading above $212 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $216 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $220 resistance zone. Solana Price Eyes Upside Break Solana price started a decent increase after it found support near the $202 zone, beating Bitcoin and Ethereum. SOL climbed above the $208 level to enter a short-term positive zone. The price even smashed the $215 resistance. The bulls were able to push the price above the $218 barrier. A high was formed at $220 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $199 swing low to the $220 high. Solana is now trading above $212 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $216 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $220 level. The next major resistance is near the $228 level. The main resistance could be $232. A successful close above the $232 resistance zone could set the pace for another steady increase. The next key resistance is $244. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $220 resistance, it could start another decline. Initial support on the downside is near the $216 zone and the trend line. The first major support is near the $210 level or the 50% Fib retracement level of the upward move from the $199 swing low to the $220 high. A break below the $210 level might send the price toward the $202 support zone. If there is a close below the $202 support, the price could decline toward the $195 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $216 and $210. Major Resistance Levels – $220 and $232.
Solana started a fresh increase above the $212 zone. SOL price is now consolidating above $210 and might aim for more gains above the $218 zone. SOL price started a fresh upward move above the $202 and $210 levels against the US Dollar. The price is now trading above $210 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $218 resistance zone. Solana Price Eyes Additional Gains Solana price started a decent increase after it found support near the $200 zone, beating Bitcoin and Ethereum. SOL climbed above the $205 level to enter a short-term positive zone. The price even smashed the $212 resistance. The bulls were able to push the price above the $215 barrier. A high was formed at $218 and the price is consolidating gains. There was a minor drop below the 23.6% Fib retracement level of the upward move from the $199 swing low to the $217 high. Solana is now trading above $210 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $218 level. The next major resistance is near the $220 level. The main resistance could be $232. A successful close above the $232 resistance zone could set the pace for another steady increase. The next key resistance is $244. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $218 resistance, it could start another decline. Initial support on the downside is near the $212 zone. The first major support is near the $208 level or the 50% Fib retracement level of the upward move from the $199 swing low to the $217 high. A break below the $208 level might send the price toward the $204 support zone. If there is a close below the $204 support, the price could decline toward the $200 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $212 and $208. Major Resistance Levels – $218 and $220.
Solana (SOL) is once again back in the spotlight as bullish momentum returns to the crypto market. After briefly touching $212 last week, the altcoin retraced to around $209 but has held strong, sparking renewed optimism among traders. Related Reading: Bitcoin LTH Aging Velocity Turns Negative: Distribution Phase Unfolds Analysts now see a potential rally toward the $250 level, supported by growing institutional flows and speculation around a Solana spot ETF. Bitget Wallet’s CMO Jamie Elkaleh noted that “ETF conversations around SOL are further amplifying interest,” pointing to the more favorable regulatory tone emerging in the U.S. Market watchers believe a Solana ETF could drive adoption at scale, positioning SOL as one of the strongest altcoins to buy ahead of the next wave of institutional products. Solana ETF Buzz Fuels Momentum for Altcoins Solana isn’t the only digital asset grabbing attention. Wall Street analysts increasingly expect the U.S. SEC to broaden ETF approvals beyond Bitcoin and Ethereum. Among the top contenders are Solana, XRP, and Cardano, three coins that already boast high liquidity and established derivatives markets. Bloomberg’s James Seyffart suggested that assets like Solana and XRP are “well-positioned to qualify under existing listing rules,” with institutional demand likely to surge once funds launch. If approved, the introduction of a Solana ETF could trigger a demand shock, unlocking new inflows and strengthening its long-term market structure. Why Traders Are Watching SOL Closely Beyond ETF speculation, Solana’s on-chain growth continues to capture attention. The network recently hit a milestone with Real World Assets (RWAs) surpassing $500 million, underscoring growing institutional adoption of tokenized traditional assets. At the same time, Solana has maintained strong trading activity, with daily DEX volume reaching nearly $7.93 billion, even outpacing Ethereum. On the technical front, SOL is showing signs of resilience. Trading at around $209.30, the token sits comfortably above key moving averages, with the 7-day SMA at $206.70 providing immediate support. SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview Analysts are watching the $218 resistance level closely, as a breakout could open the door to higher targets between $230 and $250. The RSI at 56.27 points to sustainable momentum with room for further upside before reaching overbought territory. Related Reading: Fair Value Gap Suggests Bitcoin Price Is Going Higher, But Watch Out For This Crash While short-term signals like a slightly bearish MACD histogram suggest caution, traders remain confident that Solana’s strengthening fundamentals, combined with ETF anticipation, could fuel the next major rally. Cover image from ChatGPT, SOLUSD chart from Tradingview
Solana (SOL) is back in the spotlight after whale investors injected more than $1 billion into DeFi protocols, sparking a dramatic 500% surge in transaction activity across the network. Related Reading: American Bitcoin, Backed By Trump, Ends Nasdaq Debut Up 17% Data from CoinShares shows that inflows in Q3 2025 reached $177 million, pushing year-to-date totals above $1.2 billion. This sharp rise has positioned Solana as one of the most liquid ecosystems for staking, lending, and DEX activity. One notable whale moved 20,000 SOL from Kraken into Kamino Finance, later borrowing $3 million in USDC for leveraged positions on OKX. This reflects how institutional-scale players are increasingly using Solana’s DeFi ecosystem without selling off their core holdings, adding both liquidity and credibility to the market. SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview Why Transactions Are Surging Analysts point to multiple factors behind Solana’s record-breaking DeFi inflows and transaction growth. A key driver is the Alpenglow consensus protocol upgrade, which gained 99% validator approval. The upgrade slashes transaction finality to just 150 milliseconds, making Solana one of the fastest public blockchains. This speed advantage has already lured investors away from Ethereum, where congestion remains a problem. One whale address, previously known for high-value Hyperliquid trades, shifted $7.6 million from ETH into SOL, citing throughput efficiency as the decisive factor. Beyond technical upgrades, Solana has also attracted institutional interest through ETFs and tokenization initiatives, further strengthening its role as a preferred option for DeFi growth in 2025. What This Means for Solana’s Future With whales fueling inflows and Solana’s ecosystem achieving record adoption, market confidence in SOL’s long-term trajectory is strengthening. Transaction surges of this scale often precede deeper liquidity growth and sustained developer activity, two pillars of a healthy DeFi network. However, analysts caution that network activity needs to translate into consistent user adoption to maintain momentum. While speculative capital is accelerating short-term gains, the broader test for Solana will be sustaining real-world use cases beyond whale-led inflows. Related Reading: First US Dogecoin ETF Could Debut Next Week—How Will It Impact Price? Currently, Solana stands out as one of the fastest-growing ecosystems in crypto, backed by institutional confidence, whale capital, and groundbreaking technical upgrades. If these trends continue, analysts believe Solana could be at the path of the much anticipated $1000 mark. Cover image from ChatGPT, SOLUSD chart from Tradingview
Solana’s futures Open Interest (OI) has reached a new all-time high. This record level of activity highlights growing demand and institutional participation in SOL, signaling deeper liquidity and confidence in its long-term role within the digital asset ecosystem. Derivatives Demand Highlights Rising Confidence in Solana In an X post, crypto analyst Tom Tucker has revealed that Solana Open Interest (OI) has reached a new all-time high of $13.68 billion, a key indicator suggesting that traders are placing significant bets on SOL’s upside. This record-breaking figure comes as SOL records a 17% jump to $217 in Q3, which is fueled by a major network upgrade. Related Reading: Solana Investors Cash Out Nearly $1-B As SOL Tests Key Price Level The Alpenglow upgrade, which was recently approved, is a major catalyst for this institutional confidence. Interestingly, this upgrade has reduced transaction finality from over 12 seconds to a blistering 150 milliseconds. Solana has achieved a level of speed and efficiency that rivals traditional financial systems. Combined with a tested capacity of over 107,000 transactions per second (TPS), this performance boost makes Solana a prime candidate for high-frequency trading and large-scale institutional applications. As history has often shown, a high OI indicates that a significant amount of new capital is entering the derivatives market. Also, this accumulation of open contracts suggests a strong market consensus that signals a major price move could be on the horizon. SOL’s Strong Buying Pressure Solana’s rising prominence is a result of growing institutional flows and an exploding DeFi ecosystem. According to an analyst known as Gum, the key to capitalizing on this trend lies with teams that can build the right infrastructure and services to accommodate this new wave of capital. One of the major winners of this trend is Orca, a decentralized exchange (DEX) on Solana, which has focused on creating a more secure and reliable environment for large-scale investors. Its new Wavebreak launchpad feature is designed to create a fairer environment for new token launches using anti-bot mechanisms, CAPTCHA, and on-chain permission to prioritize human users. By fixing the sniper bots issue and focusing on creating the right DeFi services, Orca is building the on-ramps needed to bring tens of millions of dollars into the SOL on-chain ecosystem. As the accumulation of open contracts grew, SOL experienced a slight upward move, which led to the liquidation of short positions. A recent post by SolanaFloor has confirmed a massive $22 million liquidation of short positions in the last 24 hours, as the token’s price surged above the $200 price mark. Related Reading: Solana (SOL) Poised for Move – Can It Clear This Barrier? Specifically, this event is a clear sign of renewed bullish momentum and that SOL bulls are reentering the market. According to the platform, a substantial portion of these liquidations occurred on on-chain perpetual futures platforms, surpassing centralized exchanges (CEXs). Featured image from iStock, chart from Tradingview.com
Solana started a fresh increase from the $194 zone. SOL price is now recovering higher and faces a heavy resistance near $212. SOL price started a recovery wave after it tested the $194 zone against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $207 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $212 resistance zone. Solana Price Faces Resistance Solana price started a decent increase from the $194-$195 zone, like Bitcoin and Ethereum. SOL was able to climb above the $200 and $202 resistance levels. There was a clear move above the 50% Fib retracement level of the downward move from the $218 swing high to the $194 low. However, the bears seem to be active near the $212 resistance zone. The price reacted to the downside below $210. There was a break below a connecting bullish trend line with support at $207 on the hourly chart of the SOL/USD pair. Solana is now trading above $204 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $2102 level. The next major resistance is near the $212 level or the 76.4% Fib retracement level of the downward move from the $218 swing high to the $194 low. The main resistance could be $218. A successful close above the $218 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $245 level. Another Decline In SOL? If SOL fails to rise above the $212 resistance, it could continue to move down. Initial support on the downside is near the $204 zone. The first major support is near the $200 level. A break below the $200 level might send the price toward the $195 support zone. If there is a close below the $195 support, the price could decline toward the $184 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $200 and $195. Major Resistance Levels – $212 and $218.
Solana (SOL) has staged a recovery after testing support at $195, with traders closely watching the $205–$215 resistance zone. A decisive break above this level could open the door for a surge toward $225 and beyond. Related Reading: Bitcoin Mirrors Historical Pullback Ranges – Healthy Correction Or Trouble Ahead? Analysts highlight that technical signals are aligning with renewed buying pressure from whales and “shark” wallets, suggesting confidence in Solana’s medium-term trajectory. Despite volatility in August, Solana’s price has held above the critical $183–$190 range, forming a base for potential upside. Futures trading volumes exceeding $50 billion further underscore the renewed investor interest. Analysts argue that if momentum continues, Solana could push toward $250 before testing the psychological $300 mark. Alpenglow Upgrade Fuels Institutional Confidence The biggest catalyst behind Solana’s bullish narrative is its Alpenglow upgrade, a game-changing overhaul that has transformed network performance. Block finality has been slashed to 100–150 milliseconds, while throughput now exceeds 107,000 transactions per second (TPS), outpacing Ethereum and even legacy systems like Visa. Key innovations include Votor, an off-chain validation process that reduces bottlenecks, and Rotor, a stake-weighted relay system that cuts latency by 40%. Together, they solve long-standing institutional pain points around speed and reliability. Validator costs have also dropped dramatically, from $60,000 annually to just $1,000, improving decentralization while opening the door for high-frequency trading, tokenized settlements, and real-time DeFi applications. For institutions, the 20+20 resilience model, ensuring operations continue even with 40% validator failures, cements Solana’s reputation as a Nasdaq-grade blockchain infrastructure. With 99.6% validator approval, the upgrade positions Solana as one of the most robust and cost-efficient blockchains available. SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview Whale Accumulation and Solana Path to $300 Institutional flows are echoing the bullish momentum. Galaxy Digital recently moved $103 million worth of SOL to Coinbase, sparking speculation about shifting strategies. Meanwhile, hedge funds like Pantera Capital are preparing fresh allocations into Solana’s ecosystem, reinforcing confidence in its long-term growth. At the same time, “shark” wallets have quietly accumulated at key support levels, reflecting strong conviction in Solana’s long-term growth. Analysts caution that failure to clear the $215 resistance could trigger a retest of the $190 zone, but consensus remains that a breakout is likely if accumulation continues. Related Reading: Dogecoin Bull Run Could Start On September 13, Analyst Predicts A sustained move above $215 could open the path toward $250, $295, and ultimately $300. Still, risks remain, dropping below $195 may expose the price to deeper retracements near $188 or lower. Cover image from ChatGPT, SOLUSD chart from Tradingview
Solana started a fresh increase from the $195 zone. SOL price is now recovering higher and might aim for a move above the $205 resistance zone. SOL price started a recovery wave after it tested the $195 zone against the US Dollar. The price is now trading below $205 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $201 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $205 resistance zone. Solana Price Eyes Steady Recovery Solana price extended losses after there was a close below $205, like Bitcoin and Ethereum. SOL traded below the $200 and $195 support levels to enter a short-term bearish zone. A low was formed at $194 and the price is now attempting a fresh increase. The price surpassed the $198 and $200 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $218 swing high to the $194 low. Besides, there was a break above a connecting bearish trend line with resistance at $201 on the hourly chart of the SOL/USD pair. Solana is now trading below $205 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $202 level. The next major resistance is near the $205 level or the 50% Fib retracement level of the downward move from the $218 swing high to the $194 low. The main resistance could be $209. A successful close above the $209 resistance zone could set the pace for another steady increase. The next key resistance is $218. Any more gains might send the price toward the $225 level. Another Decline In SOL? If SOL fails to rise above the $205 resistance, it could continue to move down. Initial support on the downside is near the $200 zone. The first major support is near the $195 level. A break below the $195 level might send the price toward the $188 support zone. If there is a close below the $188 support, the price could decline toward the $184 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $200 and $195. Major Resistance Levels – $205 and $209.
Solana started a fresh increase above the $200 zone. SOL price is now consolidating above $212 and might aim for more gains above the $220 zone. SOL price started a fresh upward move above the $200 and $212 levels against the US Dollar. The price is now trading above $212 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $220 resistance zone. Solana Price Extends Surge Solana price started a decent increase after it found support near the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $200 level to enter a short-term positive zone. The price even smashed the $205 resistance. The bulls were able to push the price above the $212 barrier. A high was formed at $217 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $185 swing low to the $217 high. Solana is now trading above $212 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $218 level. The next major resistance is near the $220 level. The main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady increase. The next key resistance is $232. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $220 resistance, it could start another decline. Initial support on the downside is near the $212 zone. The first major support is near the $210 level. A break below the $210 level might send the price toward the $202 support zone and the 50% Fib retracement level of the upward move from the $185 swing low to the $217 high. If there is a close below the $202 support, the price could decline toward the $195 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $212 and $202. Major Resistance Levels – $220 and $225.
Solana (SOL) is once again testing a critical barrier at $205 after surging nearly 8% in the past 24 hours to $203.5. The move has triggered a renewed optimism among traders who see the ascending triangle pattern forming on the charts as a potential launchpad for a breakout toward $255. Related Reading: Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line According to analyst Lark Davis, Solana has been rejected three times at the $205 mark, but higher lows and sustained buying pressure suggest that momentum is building. “If volume continues to rise into this test, the setup points clearly to $255 as the next target,” Davis explained. Trading activity supports that outlook, with more than $9 billion in daily volume underscoring strong market participation. Technical Indicators Signal Solana Stability Market data shows Solana is not yet in overbought territory, with its Relative Strength Index (RSI) sitting at 55.63. This gives the cryptocurrency room to climb further without triggering immediate selling pressure. The MACD indicator has also confirmed a bullish crossover, aligning with the positive momentum. On-chain signals strengthen the case for upside. Solana’s trading volume is steadily increasing, while its clean rebounds from the ascending trendline highlight active buying on every dip. Market analyst Alex Clay further pointed out a completed W-bottom pattern on the SOL/BTC chart, suggesting Solana may outperform Bitcoin in the short term, just as Ethereum recently did. Outlook: Path Toward $255 Breakout For traders, the $205 level has become the decisive battleground. A confirmed breakout above it, supported by strong volume and sentiment, could propel Solana to the $255 technical target. SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview The broader crypto market backdrop also favors SOL, with Ethereum’s rally drawing attention to high-potential altcoins. Analysts caution that failure to hold above $205 could delay the move higher, leaving Solana stuck in its current consolidation zone. With institutional interest in Solana growing and network activity reaching record levels, the token remains one of the most closely watched assets in the market. Related Reading: Bitcoin MVRV Compression Signals Pause – Market Digests Recent Volatility For now, all eyes remain on $205, the resistance level that could define Solana’s next major leg upward. Cover image from ChatGPT, SOLUSD chart from Tradingview
Solana’s price action is showing fresh signs of strength as bulls reclaim key technical levels. With momentum building around critical support and resistance zones, traders appear to be positioning for the next leg higher. The chart setup suggests renewed upside potential, but overbought signals hint that caution may still be warranted. Solana Breaks Above 200 SMA, Extending Bullish Momentum Gemxbt, a crypto analyst on X, recently highlighted Solana’s strong bullish trend as the asset pushed above the 200-day Simple Moving Average (SMA). This key technical breakout signals renewed strength in SOL’s price action, placing the cryptocurrency in a favorable position to extend its upward momentum. The break above this long-term indicator often attracts bullish sentiment, as it suggests the broader trend is shifting toward recovery and growth. Related Reading: Analyst Says Solana Price Is At The Gates Of Massive Breakout, Here’s The Target According to Gemxbt, Solana’s chart is now showing clear technical levels to watch, with immediate support around $195 and resistance forming at the $210 mark. These zones are crucial for traders, as they define the short-term battleground between buyers and sellers. A sustained hold above $195 would reinforce the bullish structure, while a decisive break above $210 could open the door for further gains. The analyst also pointed out that momentum indicators are aligning with the bullish case. SOL’s MACD has confirmed a bullish crossover, strengthening the outlook for continued upside. At the same time, the Relative Strength Index (RSI) is approaching overbought levels, hinting that the market may be due for a temporary cooldown or pullback before the next move higher. Gemxbt further noted that trading volume has been rising alongside price action, a sign that market participants are actively positioning around Solana. This uptick in volume supports the bullish trend, as it reflects genuine buying interest rather than a weak rally. Pulls Back To Key Zone: Fresh Buying Opportunity Emerges According to CryptoPulse in a recent update, Solana has retraced back to the top of a key zone, creating what the analyst views as a fresh buying opportunity. This pullback brought SOL under the $200 level, an area highlighted as strong value for traders positioning ahead of the next potential move upward. Related Reading: Solana (SOL) Falls Below Support, Will Bears Extend the Decline? CryptoPulse explained that this zone acts as a favorable entry point, offering a chance to average into positions before renewed momentum takes hold. By accumulating gradually at these levels, traders can mitigate risk while still being exposed to the upside potential when Solana regains strength. The update further emphasized that patience will be important, as market momentum is expected to kick back in once SOL stabilizes above this zone. With the broader trend leaning bullish, CryptoPulse suggests that buyers positioning now may be well-placed for the next leg higher in Solana’s rally. Featured image from Adobe Stock, chart from Tradingview.com
After an eventful weekend, the Solana price was able to cross the resistance at $200, and despite the market retracement, bulls have managed to hold this level and turn it into support. With the bullish momentum still going, the altcoin could be set for a further surge. While it is yet to cross its January all-time high of $294, a blooming rally suggests that it may be time for the cryptocurrency to barrel through and retest the resistance at this level. Solana Price Is Still Firmly In Bullish Territory In an analyst, crypto analyst Mihai Lacob explained that the Solana price is still likely to surge from here. This comes as the analyst takes into account the previous performance of the altcoin over the last few months, with major developments suggesting that buyers are still very much active for the digital asset. Related Reading: Ripple’s XRP Breaks Into Top 100 Global Assets With $180 Billion Market Cap The main level so far seems to be the $175 level, where the cryptocurrency has seen its price bottom in the last two market retracements. Mihai explains that this means that there is a lot of demand at $175, making it a solid area for buyers. This has also served as the bounce-off points after the previous corrections, with the most recent one ending in the push above $200. For the Solana price, a number of things are also backing its bullish momentum, and one of those is the fact that positive momentum is on the rise across the crypto market. Last week, Fed’s Powell hinted at possible rate cuts, and the crypto market had rallied in response. Thus, as September barrels forward, expectations for a rate cut are continuing to push prices higher. Another thing that the crypto analyst points out is the strong technical structure that has emerged. This is because the Solana price has been consistently printing higher lows since April, suggesting that most of the pressure is still to the upside. With $175 now being the major demand zone with strong support, it shows that this is still a buyer’s market. Now, the price has already pushed past $200 again and is now looking to break the resistance above $207, something that would be bullish for the price. What To Watch Out For As for how to trade Solana during this time, the crypto analyst has highlighted two major things that investors should watch out for. The first is whether the Solana price is able to hold above $190 during this time. If bears are able to break below, it would be bearish, but a hold above would signal a possible continuation of the bullish momentum. Related Reading: Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means Next on the list is a possible breakout above $207. Presently, this has been the major level that has proved elusive for Solana during the weekend rally. The analyst explains that once this resistance is conquered, then the Solana price would move toward $250, with a possible rise to a new all-time high of $300 in the medium-term timeframe. Featured image from Dall.E, chart from TradingView.com
Solana started a fresh increase above the $188 zone. SOL price is now consolidating above $200 and might aim for more gains above the $212 zone. SOL price started a fresh upward move above the $192 and $202 levels against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There is a rising channel forming with support at $205 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $212 resistance zone. Solana Price Aims For More Gains Solana price started a decent increase after it found support near the $188 zone, unlike Bitcoin and like Ethereum. SOL climbed above the $195 level to enter a short-term positive zone. The price even smashed the $202 resistance. The bulls were able to push the price above the $208 barrier. A high was formed at $213 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $177 swing low to the $213 high. Solana is now trading above $200 and the 100-hourly simple moving average. There is also a rising channel forming with support at $205 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $212 level. The next major resistance is near the $215 level. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $232 level. Downside Correction In SOL? If SOL fails to rise above the $212 resistance, it could start another decline. Initial support on the downside is near the $205 zone. The first major support is near the $202 level. A break below the $202 level might send the price toward the $195 support zone and the 50% Fib retracement level of the upward move from the $177 swing low to the $213 high. If there is a close below the $195 support, the price could decline toward the $188 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $205 and $195. Major Resistance Levels – $212 and $215.
Solana started a fresh increase from the $175 zone. SOL price is now recovering higher and might aim for a move above the $188 resistance zone. SOL price started a recovery wave after it tested the $175 zone against the US Dollar. The price is now trading above $182 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $183 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $188 resistance zone. Solana Price Eyes Steady Increase Solana price extended losses after there was a close below $188, like Bitcoin and Ethereum. SOL traded below the $185 and $108 support levels to enter a short-term bearish zone. A low was formed at $175 and the price is now attempting a fresh increase. The price surpassed the $180 and $182 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $210 swing high to the $175 low. Besides, there was a break above a connecting bearish trend line with resistance at $183 on the hourly chart of the SOL/USD pair. Solana is now trading above $182 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $188 level. The next major resistance is near the $192 level or the 50% Fib retracement level of the downward move from the $210 swing high to the $175 low. The main resistance could be $195. A successful close above the $195 resistance zone could set the pace for another steady increase. The next key resistance is $200. Any more gains might send the price toward the $210 level. Another Decline In SOL? If SOL fails to rise above the $188 resistance, it could continue to move down. Initial support on the downside is near the $184 zone. The first major support is near the $180 level. A break below the $180 level might send the price toward the $175 support zone. If there is a close below the $175 support, the price could decline toward the $166 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $180 and $175. Major Resistance Levels – $188 and $192.
Solana (SOL) has once again stepped into the spotlight as analysts weigh in on its potential price trajectory. Despite recent volatility and declines, a new technical analysis suggests that the altcoin could be gearing up for a major move that could see its price skyrocket to around $268. Ascending Triangle Reveals Solana Next Targets For months, the price of Solana has been trading sideways despite hitting an all-time high of $293 in January 2025. Due to the prolonged volatility and price fluctuations, many had presumed the popular altcoin dead. But the charts suggest otherwise. Related Reading: Ethereum Leads $3.75 Billion Crypto Inflows, XRP And Solana Join The Party Jonathan Carter, a crypto market technician on X social media, has highlighted a compelling structure on the Solana daily chart, pointing out that the altcoin’s price is currently retesting the upper boundary of a long-formed Ascending Triangle. According to Carter, this retest comes after a previous false breakout, which initially trapped bulls and sent Solana back into consolidation. This time, however, the setup appears more promising, with SOL finding consistent support along its ascending trendline while gradually settling against resistance. Carter noted that Solana’s daily structure shows clear resistance zones around the $180 – $185 levels, which have capped price advances several times throughout the year. A confirmed bounce from the region could open the door for SOL to reclaim higher targets at $205 and $225, with an eventual breakout setting up a run toward $268. With the altcoin currently sitting at $181, a surge to these upper targets would represent a solid increase of 13.26%, 24.31%, and 48.07%, respectively. Based on the analyst’s chart, the presence of the 100-day Moving Average (MA) just below current levels provides additional confirmation for a potential bullish reversal. At the same time, volume patterns suggest growing interest in accumulation. For now, Carter highlights that Solana’s price remains range–bound between $165 and $190. However, the tightening structure of the Ascending Triangle signals that a breakout may be near. If buyers manage to defend the current zone, Solana’s recovery could become potentially stronger, particularly considering its history of sharp rallies once market conditions improve and resistance levels are cleared. Short-Term Pullback Before Rally? In other news, crypto analyst Ali Martinez has also shared insights on Solana’s price action, predicting that the altcoin may experience a temporary pullback before staging its next rally. His 8-hour chart, posted on X, suggests that SOL, currently trading above $181, could face downside pressure that brings the price closer to $160. Related Reading: The Multiple Opportunities Of Solana Amid Push To Break $200 This projected correction would not necessarily invalidate Solana’s bullish thesis; instead, Martinez asserts that it could present an opportunity for strategic buyers to accumulate before the next upward leg. The analyst identifies the $160 region as a key support area where buyers will likely prevent further price declines. In this context, Solana’s projected weakness could act as a springboard for a stronger rebound. Featured image from Adobe Stock, chart from Tradingview.com
Solana started a fresh decline from the $210 zone. SOL price is now showing bearish signs and might decline below the $172 support zone. SOL price started a fresh decline after it failed to clear $210 against the US Dollar. The price is now trading below $185 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $188 resistance zone. Solana Price Dips Again Solana price failed to clear the $210 zone and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $200 and $188 support levels to enter a short-term bearish zone. The bears were able to push the price below the 50% Fib retracement level of the upward move from the $173 swing low to the $209 high. There is also a connecting bearish trend line forming with resistance at $188 on the hourly chart of the SOL/USD pair. Solana is now trading below $185 and the 100-hourly simple moving average. It is also below the 76.4% Fib retracement level of the upward move from the $173 swing low to the $209 high. On the upside, the price is facing resistance near the $182 level. The next major resistance is near the $184 level. The main resistance could be $188. A successful close above the $188 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level. More Losses In SOL? If SOL fails to rise above the $182 resistance, it could continue to move down. Initial support on the downside is near the $175 zone. The first major support is near the $172 level. A break below the $172 level might send the price toward the $162 support zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $172 and $162. Major Resistance Levels – $182 and $188.
Solana started a fresh increase above the $185 zone. SOL price is now consolidating above $190 and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $185 and $192 levels against the US Dollar. The price is now trading above $190 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $202 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $198 resistance zone. Solana Price Aims For Fresh Increase Solana price started a decent increase after it found support near the $185 zone, like Bitcoin and Ethereum. SOL climbed above the $192 level to enter a short-term positive zone. The price even smashed the $200 resistance. The bulls were able to push the price above the $202 barrier. A high was formed at $210 and the price recently corrected gains below the 23.6% Fib retracement level of the upward move from the $174 swing low to the $210 high. There was a break below a bullish trend line with support at $202 on the hourly chart of the SOL/USD pair. However, the bulls were active near the $188 level and the 61.8% Fib retracement level of the upward move from the $174 swing low to the $210 high. Solana is now trading above $190 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $202. A successful close above the $202 resistance zone could set the pace for another steady increase. The next key resistance is $210. Any more gains might send the price toward the $220 level. Another Decline In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $192 zone. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $192 and $188. Major Resistance Levels – $200 and $210.
Solana (SOL) has exploded 12% in the past 24 hours, briefly touching the $200 mark, as a wave of institutional adoption and tokenization milestones supercharge its rally. Related Reading: Two Forces Can Launch Bitcoin To $1 Million, Says Mike Novogratz At the forefront is DeFi Development Corp (DDC), whose aggressive treasury strategy now holds over 1.3 million SOL worth nearly $250 million, earning $63,000 daily in staking rewards. The company’s 10% Annualized Organic Yield (AOY) and validator operations underscore Solana’s staking advantage over non-yielding assets like Bitcoin. In August alone, DDC added 4,500 SOL to its reserves, fueled in part by a $122.5 million convertible debt raise managed by Cantor Fitzgerald. CEO Joseph Onorati noted a 47% rise in the company’s SOL Per Share metric since June, highlighting strong operational growth. Adding to bullish sentiment, CMB International, one of Asia’s largest asset managers, announced the tokenization of its Hong Kong–Singapore Mutual Recognition Fund on Solana via DigiFT and OnChain. Solana ETF Approval Countdown Adds Regulatory Tailwind A major catalyst on the horizon is the potential approval of Solana ETFs within the next two months. Nate Geraci, President of NovaDius Wealth Management, told CNBC that the SEC is considering over 75 crypto ETF applications, with a streamlined approval framework in place for assets like Solana, XRP, and Cardano. Crypto ETFs have already attracted $26 billion in inflows this year, signaling deep investor confidence. If approved, a Solana ETF could open the floodgates for traditional finance capital, potentially accelerating the rally toward—and beyond—$250 Technical Outlook: $250 SOL Target in Play From a technical perspective, SOL has broken above key resistance levels at $185, $190, and $195, with the next critical hurdles at $202–$205. A sustained close above $205 could trigger a short-term surge to $220, while breaking $222 could pave the way toward $244–$250. SOL's price records an uptick on the daily chart. Source: SOLUSD on Tradingview The MACD remains in bullish territory, the RSI is trending upward without being overbought, and the Chaikin Money Flow has flipped positive, indicating strong buying pressure. Support remains at $194 and $186, with a break below $175 invalidating the current bullish setup. Related Reading: How Western Union’s Acquisition Of Intermex Is A Win For Ripple And XRP With institutional inflows, real-world asset tokenization, and a looming ETF decision, Solana appears poised for what could be the early stages of a mega rally. Cover image from ChatGPT, SOLUSD chart from Tradingview
Solana started a fresh increase from the $175 zone. SOL price is now up nearly 10% and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $185 and $190 levels against the US Dollar. The price is now trading above $192 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $178 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $200 resistance zone. Solana Price Starts Fresh Surge Solana price started a decent increase after it found support near the $175 zone, like Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $192 resistance. There was a break above a bearish trend line with resistance at $178 on the hourly chart of the SOL/USD pair. The bulls were able to push the price above the $195 barrier. A high was formed at $199 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $173 swing low to the $199 high. Solana is now trading above $192 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $200 level. The next major resistance is near the $202 level. Source: SOLUSD on TradingView.comThe main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. Are Downsides Supported In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $194 zone. The first major support is near the $186 level or the 50% Fib retracement level of the upward move from the $173 swing low to the $199 high. A break below the $186 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $194 and $186. Major Resistance Levels – $200 and $212.
Solana remains bullish on the daily chart, cruising within a strong ascending channel and pushing toward the mid-range with fresh upside momentum. However, short-term weakness on the hourly chart shows price slipping below key moving averages, signaling potential pressure. Daily Chart Holds Bullish Structure GodstarPL, in a detailed update posted on X, emphasized that Solana is currently cruising inside a strong ascending channel on the daily chart. This steady bullish structure reflects consistent buying interest and price strength over time. At present, SOL is pushing toward the mid-range of this channel, indicating fresh upside momentum and a possible continuation of its upward trajectory. Related Reading: Institutional Solana Buying Ramps Up: The Nearly $600 Million Buy Shaking Up SOL If the bulls manage to maintain this pressure, the next logical target would be the upper boundary of the channel, which lies near the $220 mark. Reaching this level, which is serving as a crucial resistance zone, would signify a significant milestone, reinforcing the resilience of the current bullish trend and potentially attracting more buying activity. On the other hand, a slip below the channel’s mid-line could trigger a pullback toward the $160 demand zone, a key level that has historically provided strong support. This area is critical for buyers to defend in order to prevent a deeper decline and maintain the overall bullish structure. Monitoring this level will be essential for gauging whether the upward momentum can sustain or if a more significant correction is underway. Solana Short-Term Trend Shows Signs Of Bearish Behavior Despite the bullish structure reflected on the daily chart, Gemxbt, in a separate update, pointed out that Solana exhibited a bearish setup on the 1-hour timeframe at the time of the post. Short-term market sentiment has shifted, with price action trading below the 5, 10, and 20-period moving averages — a clear indication of near-term selling pressure. Related Reading: Solana (SOL) Smashes $200, Bulls Now Target $220–$250 Zone Adding to this bearish tone, the MACD indicator has crossed below its signal line, indicating the potential for renewed downside momentum. This technical signal often reflects an acceleration of selling interest, particularly when it aligns with other bearish patterns on lower timeframes. Meanwhile, the Relative Strength Index (RSI) is trending toward oversold territory, which suggests that buying pressure is weakening and sellers remain firmly in control. However, an oversold reading can also hint at a potential short-term bounce if buyers step in to defend key price levels. In terms of critical levels to watch, support is currently situated around $175, where buyers may attempt to halt a decline. On the upside, immediate resistance is seen near $180. A break above this level is likely to trigger continued upside pressure. Featured image from Adobe Stock, chart from Tradingview.com
Solana is seeing a sharp rise in institutional demand, with publicly traded companies now holding over $591 million worth of SOL. According to new data from CoinGecko, four firms—Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital—have collectively acquired more than 3.5 million SOL, marking one of the strongest waves of corporate accumulation in the asset’s history. Solana Sees Massive Institutional Buying Spree Institutional appetite for Solana is accelerating at a pace not seen before, signaling a shift in market sentiment as major players seek exposure to SOL. A new report by CoinGecko reveals that four publicly listed companies have collectively acquired more than 3.5 million SOL, now valued at over $591 million. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Leading the pack is Upexi, a Solana treasury company. Since late April 2025, Upexi has acquired 1.9 million SOL at an average cost of $168.63 per token, investing approximately $320.4 million. According to CoinGecko, the company’s position is currently valued at $319.5 million, slightly down by $0.9 million. However, the entire amount is staked, earning an 8% annual yield as of June 30. Close behind is DeFi Developments Corp, an AI-powered online platform, with approximately 1,182,685 SOL in its treasury. The company has maintained an aggressive pace of accumulation, most recently adding 181,303 SOL on July 29 at an average price of $155.33 per token. CoinGecko reveals that DeFi Dev Corp acquired its total position at an average price of $137.07, making its holdings now worth $198.9 million, with an unrealised gain of $36.8 million. SOL Strategies, a Toronto-based investment firm, holds 392,667 SOL, acquired steadily from mid-2024 to July 2025. Purchased at an average price of $158.12, the company’s position is now worth $66 million, reflecting a $3.9 million gain. Finally, Torrent Capital, a publicly traded investment company, has acquired 40,039 SOL. CoinGecko notes that the firm bought its Solana holdings in 2025 at an average price of $161.84. Now valued at $6.7 million, this smaller but well-timed bet is sitting on a profit of approximately $0.2 million. Overall, these four companies control roughly 0.65% of Solana’s circulating supply and about 0.58% of its total supply. How Public Companies Are Buying SOL Moving forward, CoinGecko also reveals important details on how each company approaches its SOL allocation. While all four companies’ methods of accumulation differ, they share a growing confidence in Solana’s long-term prospects. Related Reading: Is An XRP ETF Next After The Solana ETF Launch? Experts Answer According to the report, Upexi moved quickly, building the largest SOL treasury within four months and signaling a high-conviction and long-term bet. DeFi Developments Corp has taken a more tactical approach, adding to its position during market dips while remaining committed to holding. On the other hand, SOL Strategies built its stake gradually over 13 months through dollar-cost averaging and staking rewards, reflecting a disciplined, long-term strategy. Lastly, Torrent Capital took on a more strategically timed move, securing gains ahead of Solana’s rally in 2025. Featured image from Adobe Stock, chart from Tradingview.com
Solana started a fresh increase from the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $165 and $166 levels against the US Dollar. The price is now trading above $165 and the 100-hourly simple moving average. There is a contracting triangle forming with resistance at $168 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Upside Break Solana price started a decent increase after it found support near the $162 zone, like Bitcoin and Ethereum. SOL climbed above the $165 level to enter a short-term positive zone. The price even smashed the $1682 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $172 swing high to the $162 low. However, the bears are active near the $170 zone. The 76.4% Fib retracement level of the downward move from the $172 swing high to the $162 low is acting as a resistance. There is also a contracting triangle forming with resistance at $168 on the hourly chart of the SOL/USD pair. Solana is now trading above $165 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. The next major resistance is near the $172 level. The main resistance could be $175. A successful close above the $175 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Limited In SOL? If SOL fails to rise above the $170 resistance, it could start another decline. Initial support on the downside is near the $164 zone. The first major support is near the $162 level. A break below the $162 level might send the price toward the $152 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $164 and $162. Major Resistance Levels – $170 and $172.
Solana started a fresh increase above the $162 zone. SOL price is now consolidating gains and might aim for more gains above the $172 zone. SOL price started a fresh upward move above the $160 and $162 levels against the US Dollar. The price is now trading above $162 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $172 resistance zone. Solana Price Eyes Fresh Move To $180 Solana price started a decent increase after it found support near the $155 zone, like Bitcoin and Ethereum. SOL climbed above the $160 level to enter a short-term positive zone. The price even smashed the $162 resistance. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $182 swing high to the $155 low. There is also a key bullish trend line forming with support at $165 on the hourly chart of the SOL/USD pair. Solana is now trading above $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. It is close to the 50% Fib retracement level of the downward move from the $182 swing high to the $155 low. The next major resistance is near the $172 level. The main resistance could be $180. A successful close above the $180 resistance zone could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $192 level. Are Downsides Supported In SOL? If SOL fails to rise above the $172 resistance, it could start another decline. Initial support on the downside is near the $165 zone and the trend line. The first major support is near the $162 level. A break below the $162 level might send the price toward the $155 support zone. If there is a close below the $150 support, the price could decline toward the $145 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $172 and $182.
Popular market analyst and key opinion leader (KOL), Ted Pillows, shares an insight into the Solana (SOL) market, stating the altcoin is likely to experience further price corrections in the short term. This price forecast comes amid a general crypto meltdown during which Solana prices have crashed by over 15% in a week. Related Reading: Altcoin Rally To Commence When These 2 Signals Activate – Details SOL Charts Hint At Retrace To $140 As Bullish Pattern Forms In an X post on August 1, Pillows outlines a Solana price prediction based on a forming cup-and-handle pattern on the monthly chart. In general trading, the cup-and-handle represents a classic bullish continuation pattern. As observed in the chart below, it begins with a tea cup formation where price first declines and then gradually recovers, forming a “U” or bowl-shaped curve. After the cup, the price pulls back slightly, creating the “handle.” Pillows’ analysis indicates that Solana is currently at this stage of the bullish pattern following a previous price rally to $235 earlier in January 2025. Solana is now undergoing a long-term descending consolidation movement, which Pillows project will lead the altcoin to trade as low as $140-$150. Presently, SOL trades around $159, indicating the altcoin may still undergo an additional estimated 11% price loss despite the registered heavy corrections in the past week. However, being a bullish continuation pattern, Solana’s successful return to $140-150 price range would also signal a potential price rally. However, Pillows’ analysis also indicates that the altcoin must first break past the neckline price at $235 to validate such bullish intent. If this scenario plays out positively, the top market analyst predicts Solana to trade as high as $1,000, suggesting a potential 532.91% gain on present spot prices. Despite recent price corrections, Ted Pillows strongly supports Solana’s bullish potential, noting the altcoin continues to record high levels of network activity, signalling a substantial level of market interest. Related Reading: Solana Faces Ethereum Scam Woes as TD Sequential Hints at Bullish Breakout Solana Market Overview At the time of writing, Solana trades at $159.34 after a 3.84% decline in the past day. Meanwhile, the asset’s daily trading volume is also down by 37.85% and valued at $4.98 billion. However, in line with Pillows’ prediction, Solana holds immense potential for future price appreciation, especially as a potential altseason approaches. The bullish sentiment among SOL investors is also driven by substantial institutional interest in the altcoin among many others. NewsBTC has earlier reported that several asset managers, including Grayscale, VanEck, and Fidelity, have also revised their Solana Spot ETF applications with the SEC, indicating ongoing dialogue between both parties in view of a potential approval. Featured image from Forbes, chart from Tradingview.com
Solana (SOL) is attracting renewed institutional attention as major asset managers including Franklin Templeton, Grayscale, VanEck, and Fidelity have updated their spot Solana ETF filings with the U.S. Securities and Exchange Commission (SEC). Related Reading: XRP Set To Explode? Analyst Sees $5 Surge Any Moment – Details While the token’s price briefly dipped following the news, long-term indicators suggest this move could be a major bullish trigger. Asset Managers Revise Solana ETF Filings Amid SEC Dialogue As of August 1, at least seven asset managers submitted amended S-1 registration statements for Solana-based ETFs. These updates, which now include staking provisions and clearer custodianship structures, reflect ongoing discussions with the SEC. Notably, Grayscale’s updated proposal introduces a 2.5% annual fee in SOL, while VanEck’s version includes active staking rewards and dual custodianship. These moves are viewed as part of a coordinated strategy to align with SEC expectations, especially after the Commission recently approved in-kind redemption structures for Bitcoin and Ethereum ETFs. Market watchers believe a decision on Solana ETFs could arrive as early as late August or September 2025. SOL Price Reacts Cautiously, But Long-Term Momentum Builds Surprisingly, Solana’s price dropped by over 3% following the ETF filings, closing at $170.24. This suggests the news may already be priced in, or that traders remain cautious amid broader market uncertainty. Technical indicators show bearish momentum, with SOL struggling to stay above key support zones at $170 and $158. A close above $180 could reignite bullish sentiment, while a drop below $158 may signal a deeper correction toward $145 or $130. SOL's price moving sideways following a major price spike on the daily chart. Source: SOLUSD on Tradingview What Solana ETF Approval Could Mean for SOL While short-term volatility persists, the broader implications of Solana ETF approval are substantial. A greenlight from the SEC could legitimize Solana as a mainstream investment asset, increase market liquidity, and open the door for more institutional adoption. With over $60 billion in staked SOL and a maturing ecosystem, Solana is well-positioned to benefit once regulatory clarity arrives. Related Reading: If Dogecoin Loses This Level, Expect A Major Crash: Analyst Warns In the coming weeks, all eyes remain on Washington. But for long-term investors, this could be the calm before a potential breakout. Cover image from ChatGPT, SOLUSD chart from Tradingview
Solana (SOL) is staging a potential comeback, rebounding 1% to $187.43 after triggering a TD Sequential buy signal at $178. This technical indicator, widely used to identify trend reversals, has sparked renewed bullish sentiment among traders, especially as SOL consolidates above the key $180 level. Related Reading: Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big The 4-hour chart shows diminishing bearish momentum, with candlesticks losing strength—an early sign that sellers are losing control. A green arrow under the final bearish candle, coupled with a black arrow confirmation, adds credibility to the bullish thesis. Solana’s Price action is forming higher lows, suggesting strength is building for a possible breakout toward $188–$190. However, SOL’s bullish narrative is tempered by growing internal tension in the crypto space, especially with growing security concerns. SOL's price records a slight bearish deviation on the daily chart following a rebound from critical support. Source: SOLUSD on Tradingview Ethereum-Based Scams Threaten The Solana Ecosystem Integrity? Community sentiment has turned cautious after warnings from prominent Solana contributor Dean Little. He flagged the risk of Ethereum “grifters” exploiting Solana’s fast and affordable infrastructure for scams, potentially undermining trust and driving away long-term users. This concern isn’t unfounded, Solana has seen its daily active addresses fall by 16% in the past week, with DeFi total value locked (TVL) dipping 8%. Though July was strong, with $9.85B TVL and $82B in DEX volume, signs of cooling engagement have coincided with SOL’s price retracing from its $206 high. Traders Eye Breakout as Sentiment and Technicals Collide Despite the volatility, the TD Sequential buy signal has provided a technical lifeline. SOL is holding the 20-day EMA near $178, a key dynamic support. Retail long positioning has surged, and open interest is rising, suggesting that traders are preparing for a move. Related Reading: Dogecoin Eyes Breakout Above Key Trendline-Will Momentum Hold Or Fade? As SOL battles for control above $180, a sustained close above $190 could reignite momentum. Still, with Ethereum-based scams casting a shadow, traders must stay woke. The next few sessions could determine whether Solana’s bullish setup leads to a breakout, or succumbs to broader distrust. Cover image from ChatGPT, SOLUSD chart from Tradingview
PayPal has officially rolled out its “Pay with Crypto” feature, allowing U.S.-based merchants to accept payments in over 100 cryptocurrencies. From Bitcoin and Ethereum to stablecoins like USDT, USDC, and XRP, the platform aims to streamline international commerce with lower fees and faster settlements. Related Reading: Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle Merchants can now accept crypto payments from wallets like MetaMask, Coinbase, Kraken, and Binance, with all transactions instantly converted to either U.S. dollars or PayPal’s own stablecoin, PYUSD. This means businesses no longer need to manage wallets or worry about crypto price volatility. With a competitive transaction fee of just 0.99%, PayPal is in line to be a more affordable alternative to traditional credit card processing, which often exceeds 2%. Bridging Wallets and Reducing Barriers for Merchants According to PayPal CEO Alex Chriss, this move targets a $3 trillion crypto market and more than 650 million global crypto users. “We’re removing barriers for global growth,” Chriss said, emphasizing the feature’s ability to connect merchants with buyers worldwide. The system provides near-instant fund access and offers merchants up to 4% in annual rewards when they hold PYUSD balances within the platform. This built-in incentive adds an investment dimension to the tool, enhancing business profitability. The launch also aligns with the expansion of PayPal World, a global partnership unifying the world’s top digital wallets. BTC's price trends to the upside on the daily chart following a re-test around critical support levels. Source: BTCUSD on Tradingview Crypto Momentum to Meet Real-World Utility The launch of “Pay with Crypto” marks another step in crypto’s mainstream adoption. With support for 100+ tokens and direct integration with leading wallets, PayPal is simplifying what has long been a complex and expensive process: cross-border payments. As global regulatory adopts crypto, PayPal’s initiative may serve as a blueprint for how fintech companies can drive innovation while supporting small and mid-sized enterprises in the digital economy. Related Reading: Largest Publicly-Listed BNB Treasury To Launch In The US With $500 Million Raise Whether it’s a shopper in Guatemala buying from a seller in Oklahoma or a global brand expanding reach, crypto payments via PayPal are set to reimagine global e-commerce. Cover image from ChatGPT, BTCUSD chart from Tradingview
Solana co-founder Anatoly Yakovenko is facing backlash from the crypto community over his comments about meme coins and non-fungible tokens (NFTs). Yakovenko made these remarks against these tokens despite his network being home to most of the top meme coins by market capitalization. Crypto Community Reacts To Solana Founder’s Comments The crypto community criticized Anatoly Yakovenko following his X post, in which he described meme coins and NFTs as “digital slop” and ones that have no intrinsic value. The Solana founder added that, like a mobile game loot box, people spend $150 billion a year on mobile gaming, in reference to his ideology about meme coins and NFTs. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout Crypto marketer Anastasiia Bobeshko described the Solana founder’s comments as being funny, considering the traction that memes have brought into the Solana ecosystem. She further noted that the network made $1.6 billion in the first half of 2025 thanks to these meme coins. Another member of the crypto community, Ethereum developer Hanniabu, had earlier echoed a similar sentiment, suggesting that the network would be nothing without meme coins. Null, a member of the BONK community, declared that the Solana network would have never been where it is today without meme coins. Yakavenko replied sarcastically, saying, “Absolutely. Without lootboxes, iOS would have negligible revenues for Apple.” Meanwhile, Crypto community member Art Chick asked the Solana founder if he had a problem with memecoin traders spending $150 billion a year on his chain, but they don’t see it as mobile gaming. Yakovenko responded and alluded to an earlier reply in which he explained that what is important is the need to monitor data, fix problems, use snipers, and work towards sandwich-resistant market implementations. Difference Between Solana and Base Meme Coins It is worth noting that the Solana founder’s comment about meme coins stemmed from when he criticized a comment from Base’s lead developer Jesse Pollak, who suggested that Zora meme coins (which are Base tokens) are more valuable than those from Solana’s Pump.fun. In response, Yakovenko asked Pollak if Zora coins have any claims on future cash flows from creators, something which Pump.fun has. Related Reading: Top Meme Coins Stealing The Spotlight As Bitcoin Price Hits $118,000 ATH Pollak then clarified that each coin’s value depends on their fundamentals, which is why he believes that not all meme coins are the same. However, the Solana founder doesn’t believe meme coins as a whole have any “intrinsic value.” Despite his comment, these meme coins, especially the top ones like Fartcoin, BONK, PENGU, and TRUMP, continue to contribute to a significant amount of the daily trading volume on the network. Notably, the Solana price surged to a new all-time high (ATH) of $294 in January, around the time the TRUMP meme coin first launched. SOL witnessed a significant surge in its demand at the time, with investors requiring the altcoin to purchase the meme coin. At the time of writing, the Solana price is trading at around $183, down over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Solana started a fresh increase above the $188 zone. SOL price is now consolidating gains and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $180 and $185 levels against the US Dollar. The price is now trading above $188 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $200 resistance zone. Solana Price Gains Momentum Solana price started a decent increase after it found support near the $175 zone, like Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $185 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $206 swing high to the $175 low. There is also a key bullish trend line forming with support at $190 on the hourly chart of the SOL/USD pair. Solana is now trading above $190 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $195 level. It is close to the 61.8% Fib retracement level of the downward move from the $206 swing high to the $175 low. The next major resistance is near the $198 level. The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $225 level. Are Downsides Limited In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $190 zone and the trend line. The first major support is near the $188 level. A break below the $188 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $175 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $190 and $188. Major Resistance Levels – $195 and $200.
Solana is treading on thin ice as it tests a crucial support zone between $175 and $177, a range that could decide its next big move. After a sharp rejection near $190, selling pressure is mounting, raising the stakes for bulls trying to defend this key area. Momentum Fades: Solana Slips Below Key Moving Averages According to GemXBT in a recent post, Solana (SOL) is currently trending downward, showing signs of sustained bearish pressure. The price has slipped below critical short-term moving averages such as the 20 MA, 10 MA, and 5 MA, suggesting that sellers are firmly in control for now. This breakdown below key technical levels is often seen as a precursor to further downside, especially when not accompanied by strong bullish reversals. Related Reading: Solana Becomes The Talk Of Social Media As Price Hits $200 At present, the immediate key support level is around $175. If this support holds, there could be a chance for a technical bounce, particularly as the RSI is now sitting in the oversold zone. Historically, oversold RSI levels can signal potential reversals or at least a short-term pause in selling pressure. However, traders are watching closely for confirmation before expecting a recovery, especially with resistance looming near $190. Adding to the bearish picture, the MACD remains below the signal line, reinforcing negative sentiment in the market and downside pressure. Until SOL can reclaim the broken moving averages and flip $190 into support, the technical outlook leans cautious, with the potential for continued volatility. Key Support Retest: Can $175–$177 Hold The Line? In a recent post on X, AlgoCats shared insights from the Solana daily chart, highlighting a critical price zone. The analyst pointed out that SOL is currently testing the $175–$177 support range, an area that once served as resistance and is now being re-evaluated as a potential floor. This zone has become a key battleground between bulls and bears in the short term. Related Reading: These Two Bearish Scenarios Put Solana Price At $162 After Fakeout AlgoCats also drew attention to a notable upper wick on the latest daily candle, which extended into the $189–$190 region before facing a sharp rejection. This wick suggests heavy selling pressure at those higher levels, likely due to long liquidations and the presence of a significant supply zone. Such price action often reflects a lack of buying strength and the presence of aggressive sellers. Now, the focus shifts to whether the $175–$177 support can withstand the ongoing bearish momentum. According to AlgoCats, how SOL behaves around this zone will determine the next move. If support holds, a bounce is possible, but if it breaks, the market may see further downside pressure in the near term. Featured image from Adobe Stock, chart from Tradingview.com