THE LATEST CRYPTO NEWS

Solana is once again at a pivotal crossroads, with its price hovering around the 50-day EMA —a level that could dictate its next major move. A decisive break above $220 could ignite fresh bullish momentum, while failure to hold could open the door for a slide back toward $175. SOL Tests 50-Day EMA As Market Watches Closely Lark Davis, a widely followed crypto analyst on X, recently noted that Solana has returned to test its 50-day EMA. This moving average has historically provided both support and resistance for SOL, making the latest retest a key moment for traders watching the coin’s short-term direction. Related Reading: Solana (SOL) Nosedives – Traders Fear More Pain Could Be Ahead In addition, Davis highlighted signs of improving momentum on the indicators. The MACD histograms are curving upward, hinting at a potential shift in momentum from bearish to bullish, while the RSI is slowly rising, suggesting that buying pressure may be building. These developments signal that Solana is preparing for a recovery phase if buyers step in with stronger conviction. Despite these encouraging signals, Davis noted that trading volumes remain muted. Low volume often raises concerns about the strength behind a move, as rallies without significant participation can fade quickly.  What To Watch For As Solana Builds Strength Analyzing the potential outlook for Solana, Lark Davis highlighted two distinct, high-stakes scenarios based on how the asset interacts with the 50-day Exponential Moving Average (EMA). This EMA acts as a pivotal line, and the price’s reaction here will determine the direction of the short-term trend. Related Reading: Solana Eyes Massive Breakout Amid $240 Retest, But Analyst Issues Crucial Market Warning The first potential outcome is that if the price is decisively rejected at the 50-day EMA, known as a bearish retest, it would signal weakness and likely lead to a move downward. In this case, the analyst targets the $175 support level as the expected floor. While he qualifies shorting as “nasty business,” he suggests it could be done in this specific situation. The second outcome, which is a bullish scenario, requires a strong display of conviction from buyers. This involves a successful and robust reclaim of the 50-day EMA, specifically confirmed by today’s daily candle closing above $210. To further solidify this bullish case, the price ideally needs to push beyond the subsequent resistance at the 20-day EMA, which sits near $220. Given the immediate threat and the potential for a swift upside move, the analyst suggests a high-risk, high-reward play. Initiating a long position from the current price, near $209, with a tight stop-loss might be a sensible strategy to catch the bullish scenario and capitalize on the quick momentum if the price successfully reclaims the 50-day EMA. Featured image from iStock, chart from Tradingview.com

Solana started a fresh decline below the $225 zone. SOL price is now attempting to recover from $192 and faces hurdles near $215. SOL price started a fresh decline below $225 and $220 against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $200 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another decline if it stays below $215 and $220. Solana Price Dips Again Solana price failed to stay above $220 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $212 and $205 support levels to enter a bearish zone. The bears even pushed the price below $200 and the 100-hourly simple moving average. A low was formed at $191 and the price recently started a recovery wave above the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Besides, there was a break above a key bearish trend line with resistance at $200 on the hourly chart of the SOL/USD pair. Solana is now trading above $200 and the 100-hourly simple moving average. If there are more gains, the price could face resistance near the $212 level. The next major resistance is near the $215 level or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. 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 $230. Any more gains might send the price toward the $242 level. Another Decline In SOL? If SOL fails to rise above the $215 resistance, it could continue to move down. Initial support on the downside is near the $202 zone. The first major support is near the $200 level. A break below the $200 level might send the price toward the $192 support zone. If there is a close below the $192 support, the price could decline toward the $180 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 – $202 and $200. Major Resistance Levels – $215 and $220.

After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a crucial psychological barrier before potentially resuming its bullish rally. However, some analysts suggested that the cryptocurrency could retest new lows if the market volatility persists. Related Reading: SUI Retest Ascending Triangle Support Amid 8% Drop – Bounce Or Breakdown Next? Solana Price Retest Major Support On Thursday, Solana lost the $200 level as support after closing the day below this level for the first time in nearly a month. The cryptocurrency has been trading inside the $120-$220 price range since early February, finally breaking out of this range in mid-September. A week ago, the market’s bullish momentum and strong corporate treasury purchases pushed SOL’s price to an eight-month high of $253, leading many investors to anticipate the long-awaited rally to higher levels. However, this week’s pullbacks have sent most cryptocurrencies below crucial levels, with Bitcoin and Ethereum dropping to $108,000 and $3,800, respectively. Meanwhile, Solana has seen a 20% decline in the weekly timeframe, losing the $200 level. Analyst Sjuul from AltCryptoGems asserted that SOL was “in freefall after that nasty deviation back into the range.” If Solana fails to hold the current $190-$200 range, the analyst considers it would be “very difficult” to find strong support before the demand zone around $150, a level not seen since the start of July. Similarly, market watcher Wise Crypto also noted that Solana could be in a make-or-break retest, as it retests a critical support zone and the overall market still shows some signs of weakness. According to the post, SOL has been trading within an ascending channel since April, bouncing between the upper and lower boundaries throughout this period. If the market’s recent volatility continues, the cryptocurrency could retest the channel’s support zone, around the $177-$188 levels. “If this zone breaks, the next major support is down below $150 — so caution is key,” they added. SOL Bounce Eyes $200 Reclaim Despite the volatility, Wise Crypto also signaled that “Stochastic RSI is signaling oversold conditions, suggesting a potential bounce could be on the horizon.” As a result, if SOL holds this support area, a move toward the $250 barrier could follow. As Solana approached its major ascending trendline, Crypto Batman noted that SOL has bounced from this level each time it has retested it, suggesting that “In the midst of chaos, you have to look at things from a different perspective.” Notably, SOL bounced from the recent lows on Friday Morning and is currently attempting to break above the $200 psychological barrier. Nonetheless, the cryptocurrency must daily close above this key level and continue to hold it over the weekend to transform the pullback into a downside wick deviation in the weekly timeframe. Related Reading: Avalanche (AVAX) Price Holds Key Support, But Analyst Warns Rally Could Be At Risk Ted Pillows added that if this level is reclaimed, the $208-$210 area, near the 10-day Moving Average (MA), would be the next target. According to the market watcher, reclaiming and holding above that level would be the first bullish sign, which could potentially push Solana’s price toward $216–$220, near the 30-day MA. As of this writing, SOL trades at $199, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana started a fresh decline from the $232 zone. SOL price is now showing bearish signs and might even decline toward the $180 support. SOL price started a fresh decline below $232 and $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $204 and $212. Solana Price Dips Sharply Solana price failed to stay above $232 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $220 and $212 support levels to enter a bearish zone. The bears even pushed the price below $200 and the 100-hourly simple moving average. A low was formed at $191 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Solana is now trading below $200 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair. If there is a recovery wave, the price could face resistance near the $200 level. The next major resistance is near the $204 level or the trend line. The main resistance could be $215 or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. A successful close above the $215 resistance zone could set the pace for another steady increase. The next key resistance is $220. Any more gains might send the price toward the $232 level. More Losses In SOL? If SOL fails to rise above the $204 resistance, it could continue to move down. 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 $174 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 – $192 and $188. Major Resistance Levels – $204 and $215.

Solana started a fresh decline from the $250 zone. SOL price is now showing bearish signs and might even decline toward the $200 support. SOL price started a fresh decline below $240 and $230 against the US Dollar. The price is now trading below $220 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could extend losses if it stays below $215 and $222. Solana Price Dips Again Solana price failed to stay above $250 and started a fresh decline, like Bitcoin and Ethereum. SOL traded below the $240 and $232 support levels to enter a bearish zone. The bears even pushed the price below $220 and the 100-hourly simple moving average. A low was formed at $207 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $254 swing high to the $207 low. Solana is now trading below $220 and the 100-hourly simple moving average. Besides, there is a key bearish trend line forming with resistance at $222 on the hourly chart of the SOL/USD pair. If there is a recovery wave, the price could face resistance near the $215 level. The next major resistance is near the $220 level or the trend line. The main resistance could be $230 or the 50% Fib retracement level of the downward move from the $254 swing high to the $207 low. A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $242. Any more gains might send the price toward the $250 level. More Losses In SOL? If SOL fails to rise above the $222 resistance, it could continue to move down. Initial support on the downside is near the $207 zone. The first major support is near the $202 level. A break below the $202 level might send the price toward the $200 support zone. If there is a close below the $200 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 bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $202 and $200. Major Resistance Levels – $215 and $222.

As Solana attempts to reclaim the $220 level as support, an Australian-based firm has joined the trend of Digital Asset Treasury (DAT) companies with a $100 million financing facility for the launch of a new SOL treasury strategy. Related Reading: Analyst Says Ethereum Bounce Is Imminent As BitMine Continues To Accumulate First Australia-Based Solana Treasury On Tuesday, Nasdaq-listed Fitell Corporation, a global provider of fitness equipment and health solutions, unveiled the launch of the first Solana-based digital asset treasury in Australia. According to the announcement, the company has secured a $100 million convertible note facility with a US-based institutional investor to support the launch of its SOL treasury strategy. Notably, $10 million from the initial closing will be immediately deployed to purchase the altcoin. Following the launch of the Treasury, Fitell plans to rebrand to “Solana Australia Corporation.” Additionally, it has initiated steps for a dual listing on the Australian Securities Exchange (ASX). The DAT is expected to generate yields by deploying SOL assets across a “diversified suite of on-chain DeFi and derivatives strategies,” including structured products such as options, snowballs, on-chain liquidity provisioning, and other highly liquid strategies with managed downside risk. Meanwhile, returns generated will be reinvested into the treasury reserve, the company explained. Cailen Sullivan, one of Fitell’s advisors, affirmed that their strategy “focuses not only on Solana itself, but the broader ecosystem of applications being built on top.” “By deploying more assets on-chain, we aim to generate outsized returns, setting a new benchmark for performance in digital asset management while supporting the growth of DeFi applications on Solana,” Sullivan added. SOL Corporate Adoption Continues Fitell Corporation’s CEO, Sam Lu, expressed the company’s ambition to become the largest publicly listed SOL holder in Australia and the Asia Pacific regions: The launch of our Solana digital asset treasury positions Fitell at the forefront of Solana adoption in the regions of Australia and Asia Pacific. (…) With the expertise of David Swaney and Cailen Sullivan, we are excited to execute on a roadmap that combines innovation, yield generation, and disciplined risk management. This initiative follows the recent push for Solana-focused DATs, which have seen hundreds of millions of dollars invested in the strategies this month. Last week, neurotech company Helius Medical Technology revealed the launch of a $500 million SOL treasury strategy backed by Pantera Capital and Summer Capital. The Pennsylvania-based company announced the first purchase for its DAT strategy on Monday, adding 760,190 SOL, worth approximately $168 million, at an average purchase price of $231. Similarly, Nasdaq-listed Forward Industries Inc. has unveiled its plan to bring its equity to the blockchain. According to the announcement, the company has partnered with financial technology firm Superstate to allow stockholders to tokenize and hold FORD shares on the Solana blockchain. Related Reading: CEO Dismisses September Crash, Reveals Why The Bitcoin Price Is Headed For $150,000 Forward Industries Inc. is currently the largest corporate SOL Treasury, successfully closing a $1.65 billion private investment in public equity (PIPE) earlier this month to purchase the cryptocurrency, stake it, and generate excess returns. Bitwise’s CIO Matt Hougan suggested that strong corporate treasury purchases and the highly anticipated approval of spot SOL exchange-traded funds (ETFs) could start a “Solana Season” in the coming months. As of this writing, SOL is trading at $220, a 6.7% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost blockchain is changing that narrative. By bridging BTC into SOL’s DeFi ecosystem, BTC gains instant settlement, programmable use cases, and access to lending, borrowing, and yield opportunities. The best form of Bitcoin is literally on Solana, citing the network’s ability to transform BTC from a static store of value into a dynamic, productive asset. Solana Sensei, the Founder of Sensei holdings and Namaste group, has highlighted on X that 66% of all wrapped Bitcoin (wBTC) traders are on the Solana network. He supports this claim with the reasons why people are choosing to hold and use their BTC on SOL. Why Solana’s Speed And Low Fees Change The Game Solana is extremely cheap in transactions, a stark contrast to the $5 to $50+ fees often seen on the Bitcoin or Ethereum networks for the same move. With transaction finality in approximately 400 milliseconds, BTC transfers on SOL become nearly instant, compared to the minutes or hours of waiting on other chains. SOL’s capacity to process 65,000 TPS allows it to handle BTC at an internet-scale without network congestion. Related Reading: Mike Novogratz Backs Solana As The Blockchain Of Choice For Financial Markets – Here’s Why Furthermore, Bitcoin becomes a programmable asset with deep integration into DeFi protocols like Jupiter, Raydium, Orca, Drift, and Kamino, enabling instant trading, lending, and use as collateral. Also, BTC becomes programmable in SOL DeFi, NFT, and RWAs, without the need for bridges across multiple chains. This integration transforms BTC into a dynamic, productive asset that can be used for lending, staking, and liquidity provision or structural products in ways that are not possible on the native BTC chain. BTC custody solutions, such as tBTC, sBTC, or the Wormhole BTC, combined with SOL’s high validator count and Jito MEV protection, are making it secure to use BTC on the network. Bitcoin on SOL pairs with USDC and USD1, which are the stablecoins that dominate settlement volume across all chains. With products like the SOL Mobile Saga and Seeker, there are instant BTC swaps and BTC payments on mobile. As the focus on SOL increases, the network is becoming a hub for ETFs and RWAs, with institutional flows ramping up. Meanwhile, Wrapped BTC on SOL will be directly plugged into that liquidity. Earning Native Bitcoin on Solana Through mSOL Analyst CPrinz, the on-chain Researcher, has revealed a new partnership between Marinade, SOL’s leading staking platform with 10 million and $1.7 billion in total value locked, and Zeus Network.  Related Reading: Solana DATs Will Outpace Bitcoin, Says Multicoin Capital Co-Founder Specifically, the collaboration is designed to expand the utility of Marinade liquid staked SOL token, mSOL, by enabling users to earn native BTC on the SOL blockchain. Also, this partnership unlocks new opportunities across DeFi, marking a major step forward for cross-chain innovation. Featured image from Unsplash, chart from Tradingview.com

Solana (SOL) investors are witnessing rising volatility as a surge in whale activity signals deadly selling pressure in the market. Despite a strong rally above $250 earlier in September, market sentiment appears to be shifting, with whale deposits into centralized exchanges hinting at potential headwinds ahead. Most recently, a staggering 312,233 SOL tokens were deposited into Coinbase, fueling concerns that whales may be positioning for significant profit-taking.  Solana Whale Deposits Signal Rising Selling Pressure Blockchain tracker Whale Alert reported one of the largest Solana transfers in recent weeks, with 312,233 SOL valued at approximately $75.1 million, moved from an unknown wallet to Coinbase Institutional on September 21. The size and timing of this large-scale transfer immediately raised concerns that whales could be positioned to sell.  Related Reading: XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions Before this transfer, Whale Alert had flagged another massive transaction of 227,928 SOL, worth around $54.5 million, being funneled into Coinbase on the same day. Together, these two deposits represent more than $129 million in Solana potentially at stake of being sold off. The implications of such moves are significant, as large holders typically send tokens to exchanges with the intention to sell, ultimately adding considerable downward pressure to the market. Notably, Solana’s price rally in September has been fueled by strong demand; however, these recent transfers raise the risk of oversupply, particularly as the token hovers around $224. If whales follow through with the selling, it could cap SOL’s bullish breakout attempt and force the price back to lower support zones.  Interestingly, this is not the first time Solana has faced similar whale-driven headwinds this month. Just over a week ago, blockchain analytics platform Lookonchain reported multiple whale dumpings into various crypto exchanges. A wallet tagged “CMJiHu” deposited 96,996 SOL ($17.45 million) into Coinbase, while “5PjMxa” moved 91,890 SOL ($15.98 million) to Kraken. The same day, another wallet “HiN7sS” transferred 37,658 SOL ($6.73 million) to Binance, securing a profit of $1.63 million. These earlier transfers, combined with the latest inflows, show a pattern of whales steadily reducing their exposure as market sentiment shifts. SOL Momentum Weakens Under Heavy Selling Crypto analysts now view Solana as being at a pivotal crossroad, where strong fundamentals clash with mounting selling pressure and technical risks. Market expert Tom Tucker notes that SOL has climbed more than 150% in 2025, but its rally is showing signs of fatigue. The analyst’s chart reveals a rising wedge formation, often a precursor to a breakdown, combined with weakening momentum indicators.   Related Reading: Solana price At Risk Of 10% Crash With Descending Broadening Wedge The Relative Strength Index (RSI) is narrowing into a triangle, suggesting indecision, while the MACD has flattened after months of strength. This setup, when paired with heavy whale deposits into exchanges and rising sell pressure, underscores the growing possibility of a short-term pullback.  Yet, the outlook is not entirely bearish. Tucker points to optimism surrounding a potential Solana ETF, the upcoming Alpenglow upgrade, and steady treasury accumulation as fundamental drivers that could extend SOL’s long-term growth. Featured image from iStock, chart from Tradingview.com

Solana started a fresh increase above the $245 zone. SOL price is now correcting some gains and might find bids near $242 or $240. SOL price started a fresh upward move above the $242 and $245 levels against the US Dollar. The price is now trading above $240 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $240 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $240 zone. Solana Price Corrects Some Gains Solana price started a decent increase after it settled above the $232 zone, beating Bitcoin and Ethereum. SOL climbed above the $240 level to enter a short-term positive zone. There was a break above a key bearish trend line with resistance at $240 on the hourly chart of the SOL/USD pair. The price even smashed the $245 resistance. The bulls were able to push the price above the $250 barrier. A high was formed near $253 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward wave from the $232 swing low to the $253 high. However, the bulls were active above $242. Solana is now trading above $242 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $248 level. The next major resistance is near the $254 level. The main resistance could be $255. A successful close above the $255 resistance zone could set the pace for another steady increase. The next key resistance is $268. Any more gains might send the price toward the $272 level. More Losses In SOL? If SOL fails to rise above the $248 resistance, it could start another decline. Initial support on the downside is near the $242 zone and the 50% Fib retracement level of the upward wave from the $232 swing low to the $253 high. The first major support is near the $240 level. A break below the $240 level might send the price toward the $232 support zone. If there is a close below the $232 support, the price could decline toward the $220 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 – $242 and $240. Major Resistance Levels – $248 and $255.

Solana is once again in the spotlight after surging past the $240 level, marking a strong recovery and renewed momentum for the altcoin. Bulls appear firmly in control, but analysts caution that the next critical resistance lies at $270, a level that must be reclaimed before Solana can realistically attempt to retest its all-time high. The move underscores the growing confidence in SOL as one of the leading players in the market, particularly as institutional activity adds fuel to the rally. Related Reading: Solana Sees Institutional Accumulation: 413,075 SOL Moved Off Exchanges In Hours Fresh data from Lookonchain highlights this trend, revealing that institutions continue to accumulate SOL, signaling sustained confidence in the token’s long-term potential. This influx of capital aligns with broader bullish sentiment across the market, where traders are increasingly positioning for higher valuations. Beyond technicals, fundamentals also support Solana’s rally. The network continues to post strong activity levels, with robust developer engagement and rising usage in areas such as DeFi, NFTs, and real-world applications. Together, these factors suggest that SOL could extend its momentum in the coming weeks. Institutions Double Down on Solana Accumulation Solana continues to attract institutional attention, reinforcing its position as one of the leading assets in the crypto market. According to Lookonchain, FalconX executed another massive withdrawal just four hours ago, moving 118,190 SOL (worth $28.39 million) from Binance. This follows an even larger transfer reported yesterday, when the same institution withdrew $98 million worth of SOL from multiple exchanges, including Binance, OKX, Coinbase, and Bybit. The back-to-back moves underscore the rising confidence of institutional players who appear to be positioning themselves ahead of what many expect could be a new expansion phase for the market. Such consistent accumulation adds strong support to Solana’s price outlook. Investors often interpret large institutional withdrawals from exchanges as a signal of long-term conviction, since assets moved off centralized platforms are typically intended for custody or staking rather than immediate resale. With Solana already trading above $240 and bulls eyeing the critical $270 resistance level, these developments strengthen the case for further upside momentum. The timing is also crucial. The Federal Reserve’s recent 25bps rate cut has shifted market sentiment, propelling risk assets into a new phase of optimism. With liquidity flowing back into the system and institutional players aggressively accumulating, Solana could emerge as one of the top beneficiaries of this renewed bullish environment. Related Reading: Bitcoin Advanced Sentiment Signals Bullish Edge As Traders Eye Fed Pivot Technical Details: Testing Key Level The weekly chart of Solana (SOL) shows strong bullish momentum, with the price now trading at $246.69, up nearly 3% in the last session. This move extends a rally that began in early August, pushing SOL above its key moving averages. The 50-week SMA ($180.40) and the 100-week SMA ($154.05) are both trending upward, providing a solid base of support. The long-term 200-week SMA ($101.71) remains well below current levels, highlighting the strength of Solana’s multi-month uptrend. What stands out is Solana’s attempt to reclaim levels last seen in late 2021, when it reached its all-time high above $260–$270. Currently, SOL is testing resistance in this critical zone. A successful breakout above $270 could pave the way for another retest of all-time highs near $300–$320, while failure to hold momentum here may result in a pullback toward the $200–$210 support region. Related Reading: BNB Chain (BNB) Smashes $1,000 Milestone for the First Time Ever Institutional accumulation, as reported recently, continues to provide bullish tailwinds. Combined with improving macro sentiment after the Fed’s rate cut, Solana’s technicals suggest that bulls remain firmly in control. However, traders should remain cautious of potential profit-taking at these elevated levels, given the significance of historical resistance in this area. Featured image from Dall-E, chart from TradingView

Solana is strengthening its bullish outlook, with recent price action showing firm momentum above key moving averages. This strength underscores growing buyer confidence and highlights a market structure tilted in favor of further gains. With support levels holding and momentum indicators flashing strength, SOL appears to be building the foundation for its next leg higher in the ongoing bull run. Solana Holds Above Key Moving Averages, Reinforcing Bullish Bias Gemxbt, in a recent post, pointed out that SOL is displaying a strong bullish market structure, with its price action now trading above the 5, 10, and 20-period moving averages. Such alignment of short-term moving averages reflects sustained upward momentum, as buyers continue to maintain control over the market direction. Related Reading: Solana (SOL) Pushes Higher – Is More Upside Still Ahead? The analyst noted that Solana has established key technical levels, with support forming around $237.5 and immediate resistance situated near $245. These levels will likely serve as pivotal points in the short term, guiding whether the market consolidates further or pushes higher. A break above resistance could reinforce the bullish momentum, while defending support remains essential to preserving the uptrend. Further strengthening the outlook, the Relative Strength Index (RSI) is trending upward. This indicator points toward growing market confidence, as traders continue to lean toward accumulation rather than distribution, reinforcing the bullish tone in SOL’s price action. Adding to the confluence, the MACD has recorded a bullish crossover, with the MACD line moving above the signal line, supporting the bullish sentiment. Combined with the alignment of moving averages and supportive RSI trends, the overall setup suggests that Solana is well-positioned to sustain its rally if buyers maintain their presence in the market. Technical Pattern Confirms Renewed Buyer Strength BitGuru, in a recent update on X, highlighted that SOL has staged a remarkable rally, driven by a strong double bottom breakout and a clean bullish setup. The formation of these patterns has provided momentum for Solana’s price to push all the way up to $249.60, signaling renewed strength in the market. Related Reading: Solana (SOL) Rally Builds – Can Bulls Extend Gains Beyond Key Levels? Following this impressive surge, the price action has entered a cooling phase, with the market now undergoing a pullback. Despite the retracement, the overall structure remains intact as SOL is consolidating near the key $235 support level.  In the meantime, this pause in price movement could be a healthy step for the market, allowing buyers to regain strength before attempting another push higher. As long as $235 holds firm, the setup continues to favor bulls, with Solana potentially eyeing a fresh move back toward resistance levels in the sessions ahead. Featured image from Adobe Stock, chart from Tradingview.com

Solana has been in the spotlight after delivering a powerful rally, surging more than 50% since August and climbing to the $248 level. This move has reaffirmed bullish sentiment across the market, with momentum continuing to build around one of the leading altcoins. Analysts are now calling for the possibility of a massive surge in the coming weeks, pointing to both technical strength and increasing institutional participation as key drivers. Related Reading: Whale Unstakes 2M HYPE After 9 Months – $89.8M Profit On The Line Bulls appear firmly in control as Solana consolidates its gains at higher levels, showing resilience even in the face of broader market volatility. Unlike past rallies driven mainly by retail speculation, this surge is being accompanied by institutional accumulation, signaling deeper conviction and long-term positioning by large players. Fresh data from Lookonchain highlights this trend, revealing that another major institution has been buying significant amounts of SOL. These purchases align with the broader narrative that big players are preparing for the next phase of the crypto cycle by loading up on high-conviction assets. Solana Sees Accumulation Ahead of Fed Decision Solana has once again taken the spotlight as fresh data reveals significant institutional activity in the market. According to Lookonchain, over the past eight hours, FalconX—a well-known institutional trading platform—has withdrawn 413,075 SOL, worth approximately $98.4 million, from major exchanges including Binance, OKX, Coinbase, and Bybit. Such large-scale withdrawals are often interpreted as a signal of accumulation, with institutions moving tokens off exchanges for custody, staking, or long-term holding rather than short-term trading. This activity suggests that institutional players are quietly but aggressively positioning themselves in Solana. By removing supply from exchanges, FalconX’s actions could reduce the immediate liquidity available for trading, tightening supply and potentially fueling upward price pressure if demand continues to rise. Historically, moves of this scale have often preceded strong rallies, particularly when they align with broader bullish momentum. Solana, which has already surged over 50% since August, may now be setting the stage for another leg higher if accumulation trends persist. At the same time, macroeconomic factors are converging with this institutional demand. Later today, the Federal Reserve will announce its decision on interest rates, a pivotal event that will influence risk sentiment across global markets. Whether the Fed opts for a modest 25bps cut or a deeper move, the outcome will shape liquidity conditions for months to come. For Solana, the combination of institutional buying and the Fed’s decision creates a high-stakes backdrop that could define its trajectory well into year-end. Related Reading: Dormant Bitcoin Moves Align With Recent Price Reactions: 7,547 BTC Awakens Testing Key Levels After A Rally Solana (SOL) has been in a powerful uptrend since August, gaining more than 50% and reaching a high of $248 before cooling slightly. The daily chart shows SOL now trading at $236, consolidating after the sharp rally. The uptrend remains intact, with the 50-day SMA ($197) and 100-day SMA ($178) trending upward, both acting as solid dynamic support. The 200-day SMA at $161 is far below current levels, confirming the strength of the long-term bullish structure. However, the recent slowdown near $240 suggests that the market is encountering resistance. This level previously acted as a supply zone in late 2024, and bulls will need to push through it decisively to open the door toward a potential retest of $300. A rejection here could trigger a short-term pullback toward $220 or even the $200–$210 area, where the moving averages cluster, offering strong support for continuation. Related Reading: Bitcoin Risk Index Signals Stability: All Eyes On Fed Decision Institutional accumulation has also been a major catalyst for Solana’s recent surge. Large withdrawals from exchanges highlight ongoing whale positioning, suggesting that demand remains strong despite near-term volatility. If momentum continues and macro conditions—particularly the Fed’s decision on rates—provide a favorable backdrop, SOL could extend its rally toward new highs. Featured image from Dall-E, chart from TradingView

Solana started a fresh increase above the $240 zone. SOL price is now consolidating gains below $240 and might aim for another increase if it stays above $230. SOL price started a fresh upward move above the $240 and $242 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $238 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $230 zone. Solana Price Consolidates Gains Solana price started a decent increase after it settled above the $220 zone, beating Bitcoin and Ethereum. SOL climbed above the $235 level to enter a short-term positive zone. The price even smashed the $242 resistance. The bulls were able to push the price above the $245 barrier. A high was formed at $250 and the price recently started a downside correction. There was a move below the 23.6% Fib retracement level of the upward wave from the $200 swing low to the $250 high. However, the bulls were active above $230. Solana is now trading below $240 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $238 level. Besides, there is a key bearish trend line forming with resistance at $238 on the hourly chart of the SOL/USD pair. The next major resistance is near the $242 level. The main resistance could be $250. A successful close above the $250 resistance zone could set the pace for another steady increase. The next key resistance is $262. Any more gains might send the price toward the $280 level. More Downside In SOL? If SOL fails to rise above the $238 resistance, it could start another decline. Initial support on the downside is near the $232 zone. The first major support is near the $229 level or the 50% Fib retracement level of the upward wave from the $200 swing low to the $250 high. A break below the $229 level might send the price toward the $220 support zone. If there is a close below the $220 support, the price could decline toward the $212 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 – $229 and $220. Major Resistance Levels – $238 and $250.

Solana started a fresh increase above the $232 zone. SOL price is now correcting gains below $240 and might aim for another increase if it stays above $20. SOL price started a fresh upward move above the $232 and $240 levels against the US Dollar. The price is now trading below $240 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $242 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $230 zone. Solana Price Dips Below Support Solana price started a decent increase after it found support near the $212 zone, beating Bitcoin and Ethereum. SOL climbed above the $232 level to enter a short-term positive zone. The price even smashed the $240 resistance. The bulls were able to push the price above the $245 barrier. A high was formed at $250 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $200 swing low to the $250 high. Besides, there was a break below a bullish trend line with support at $242 on the hourly chart of the SOL/USD pair. Solana is now trading below $240 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $238 level. The next major resistance is near the $240 level. The main resistance could be $245. A successful close above the $245 resistance zone could set the pace for another steady increase. The next key resistance is $255. Any more gains might send the price toward the $262 level. More Losses In SOL? If SOL fails to rise above the $240 resistance, it could start another decline. Initial support on the downside is near the $232 zone. The first major support is near the $230 level or the 50% Fib retracement level of the upward move from the $200 swing low to the $250 high. A break below the $230 level might send the price toward the $224 support zone. If there is a close below the $224 support, the price could decline toward the $220 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 – $230 and $224. Major Resistance Levels – $240 and $245.

Nasdaq-listed firm Helius Medical Technologies Inc. unveiled the launch of a $500 million Solana-focused Digital Asset Treasury (DAT) backed by Pantera Capital and Summer Capital. Related Reading: Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move Helius Reveals Solana Treasury Strategy On Monday, Helius Medical Technologies, a neurotech company in the medical device field, announced an oversubscribed private investment in public equity (PIPE) offering of common stock to launch a new Solana treasury strategy. The offering, led by Pantera Capital and Summer Capital, is estimated to raise $500 million and an additional $750 million in stapled warrants to purchase shares of common stock, assuming full exercise. Additionally, Big Brain Holdings, Avenir, SinoHope, FalconX, Arrington Capital, Animoca Brands, Aspen Digital, Borderless, Laser Digital, HashKey Capital, and Republic Digital are also participating in the offering, which is expected to close on September 18, 2025. Following the closing, the company’s management team will include Summer Capital’s founder, Joseph Chee, as Director and Executive Chairman, Pantera’s General Partner, Cosmo Jiang, as Board Observer, and Pantera Capital’s founder, Dan Morehead, as Strategic Advisor. According to the announcement, Helius intends to use the offering’s proceeds to implement a DAT strategy and purchase Solana’s native token, SOL, to make it the company’s primary treasury reserve asset. Notably, the company expects to build an initial SOL position, with plans to significantly scale holdings over the next 12–24 months through a best-in-class capital markets program, incorporating ATM sales and other proven strategies. Additionally, it will evaluate staking, lending, and other opportunities throughout the ecosystem to generate revenue from the SOL Treasury, while maintaining a conservative risk profile, the company explained. Institutions Push SOL Adoption Cosmo Jiang told news media outlet Fortune he believes there can only be a handful of successful public companies dedicated to just one cryptocurrency, affirming that “just as much as it is about scale, it’s about velocity.” “We’d much rather start with a moderate size so that we can really go out to market and grow very quickly, rather than start too big and then have a harder time growing on a percentage basis,” he said. He affirmed that the deal structure for this Solana treasury company positions it to be competitive: “We believe we have the right setup to be the leading, if not, at least one of the two or three, but certainly the leading, Solana DAT.” It’s worth noting that recently, Galaxy Digital, Jump Crypto, and Multicoin Capital announced their plan to establish Forward Industries, a SOL treasury company, to purchase the cryptocurrency, stake it, and generate excess returns. The company successfully closed its PIPE financing on September 11, securing gross proceeds of approximately $1.65 billion. Related Reading: Lower Bitcoin Dominance Reinforces Altcoin Strength — Here’s How In the press release, he also highlighted that “there is a real opportunity to drive the flywheel of creating shareholder value that Michael Saylor has pioneered with Strategy (…) by accelerating Solana adoption.” Meanwhile, Dan Morehead affirmed that Solana is a “category-defining blockchain and the foundation on which a new financial system will be built,” adding that “a productive treasury company, backing the industry’s most affordable, fastest, and most accessible network, stands to substantially increase institutional and retail access to the Solana ecosystem and help fuel its adoption around the world.” Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) has emerged as a major headliner following an impressive 20.89% gain over the last week. Solana’s price now sits comfortably within the $240 price range and is only 18.05% away from its present all-time high at $294. Interestingly, renowned market expert Ali Martinez has noted a positive effect of SOL’s recent price surge, which points to a sustained price rally. Related Reading: Analyst Sets Bold $1,314 Target For Solana After Cup-And-Handle Breakout SOL Surges Above Key $205 Resistance: Fibonacci Levels Point Toward $362 In an X post on September 13, Martinez shares an in-depth technical analysis of the Solana price structure, which shows significant potential for a prolonged uptrend. Notably, SOL’s price gain from last week resulted in a breakout from a key ascending triangle formation, signaling strong bullish momentum that projects to higher mid-term targets. Looking at the chart below, the latest price surge effectively lifted Solana above the multi-month resistance zone near $205, where price had consolidated between April and August. It is clearly observed that breaking above this resistance, combined with the sustained higher lows that formed the ascending triangle, points to a classic bullish continuation pattern. Notably, the introduction of the Fibonacci extension levels provides more insight into the bullish potential of this recent breakout. The immediate price target presently lies at the 1.272 Fibonacci extension around $250, followed by the 1.414 extension near $277. However, if momentum continues, Solana could reach further upside levels, around $321 (1.618 extension) and the ultimate mid-term target at $362, which corresponds with the 1.786 extension. On the downside, the $205 breakout zone now serves as critical support. Holding above this level is crucial to maintaining the bullish outlook, as a decisive break below it could open the door for a retest of lower Fibonacci retracement zones, particularly around $176 or $156. However, the rising trendline that has supported price action since April adds another layer of structural support for bulls. Related Reading: Bitcoin Flips Key Support, Bulls Now Target $117,000 Solana Price Outlook At the time of writing, Solana is trading at $246, reflecting a modest 1.67% gain over the past 24 hours. However, trading volume has declined sharply by 27.53%, currently standing at $7.49 billion. According to analysts at Coincodex, investor sentiment toward Solana remains broadly bullish, even as the Greed & Fear Index sits at a neutral 52. Their short-term outlook suggests limited price movement, with the asset projected to remain around $247 for the next month. Looking further ahead, analysts expect Solana to climb to $264 over the next three months, highlighting steady but moderate growth expectations. Nevertheless, with a market cap of $131.65 billion, Solana continues to rank as the fifth-largest cryptocurrency in the world. Featured image from Forbes, chart from Tradingview

Solana (SOL) could be near the long-awaited price discovery phase after climbing to a seven-month high. However, an analyst suggested investors remain cautious, as the market rally is “closer to the end than the beginning.” Related Reading: Avalanche (AVAX) Hits 7-Month High After Key Resistance Breakout – Analysts Eyes $40 Next Solana Eyes Last Major Resistance On Friday, Solana reached a seven-month high of $241.84 after breaking out of its consolidation range earlier in the week. The cryptocurrency had been trading within the $120-$220 price range since the start of February, failing to reclaim the range’s high during the recent short-term recoveries. The ongoing rally has sent the cryptocurrency past multiple crucial barriers, “getting close to the final resistance,” analyst Crypto Jelle stated. He highlighted that SOL has been “quietly pushing higher, without anyone paying attention,” climbing 20% since Sunday. Now that the altcoin is attempting to reclaim the $240 area as support, the analyst pointed out that Solana has “one last hurdle to overcome” before price discovery.  According to the post, if SOL reclaims the $250 level, “the sky is the limit,” as this area has been a crucial macro resistance level over the past two years. To the analyst, turning this level into support could set the base for a rally to $600. Similarly, analyst Ali Martinez suggested that SOL’s main target sits at around the $1,314.41 level after the altcoin broke out of a massive three-year cup and handle pattern. Nonetheless, Altcoin Sherpa issued a warning to investors on X, stating that “Now is NOT the time to ape in gigantic.” He asserted that despite thinking that Solana, Ethereum (ETH), and BNB “generally go higher from here, (…) the bulk of the move is done for these.” The analyst explained that he will remain bullish “until shown otherwise,” and expects a great performance in the coming months, but noted that the bull run is “closer to the end than the beginning.” “We are lucky that the marginal buyers are Tradfi with these DATs but with Saylor not buying as much, hard to tell where the next set of flows come from,” he stated. ‘SOL Season’ Momentum Grows Bitwise’s CIO Matt Hougan recently forecasted a bullish Q4 rally for Solana, affirming that the cryptocurrency has “all the ingredients (…) for an epic end-of-year run.” He suggested that it could start a “Solana Season” fueled by exchange-traded funds (ETFs) and strong corporate treasury purchases. Notably, multiple spot Solana ETFs are awaiting the approval of the US Securities and Exchange Commission (SEC) after the regulatory agency delayed the decision deadline last month. As a result, issuers and investors are expecting a positive outcome around the first half of October. Additionally, the recently launched Solana Treasury company, Forward Industries Inc., announced it had successfully closed its private investment in public equity (PIPE) financing on September 11, securing gross proceeds of approximately $1.65 billion for the Company. As reported by NewsBTC, Galaxy Digital, Jump Crypto, and Multicoin Capital announced their plan to establish the SOL treasury company to purchase the cryptocurrency, stake it, and generate excess returns. Related Reading: Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate “Forward Industries intends to use the net proceeds from the offering primarily to purchase SOL, the native digital asset of the Solana blockchain,” the company reaffirmed in its Thursday statement. As of this writing, SOL is trading at $239.86, a 6.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

A cryptocurrency analyst has pointed out how Solana may be moving toward a sky-high main target based on a cup-and-handle breakout. Solana Is Breaking Out Of A Cup And Handle In a new post on X, analyst Ali Martinez has shared a pattern that the 1-week price of SOL has appeared to have been following during the last few years. The pattern in question is a “cup and handle” from technical analysis (TA). It’s made up of two parts: a U-shaped trendline forming the “cup” and a downward parallel channel representing the “handle.” As the asset moves through the pattern, it first goes through a decline to a low, then observes a rebound back to about the same height as before the drawdown. Finally, it once again witnesses a bearish trajectory, this time one consistent with a descending channel. When the price is inside the channel, the usual rules of the formation apply: the upper line acts as a resistance barrier, while the lower one provides support. A break out of the levels can imply a continuation of trend in that direction. Related Reading: Litecoin Surges As Whales Scoop Up 181,000 LTC A cup and handle is generally assumed to be a bullish continuation pattern, meaning that breakouts can be considered more probable to occur in the up direction. The same seems to have held true for Solana as well, as its 1-week price has just seen a surge beyond the resistance line of its multi-year cup and handle pattern. As displayed in the above graph, the weekly Solana price went down and up along a cup between 2021 and 2024, but this year, it entered into the handle or downward consolidation phase. After some period of stay inside the zone, the coin finally found a break away from it in July. This escape from the descending channel occurred with an upward surge, a potential sign that sustained bullish momentum may be coming for SOL, if the pattern is anything to go by. As for what could be a potential target for the cryptocurrency’s price, the analyst has suggested a rather bold one: $1,314.41. The target corresponds to a line from Fibonacci Extension levels. Fibonacci Extension levels are drawn on an asset’s price chart starting from a bottom point. Martinez has taken SOL’s cup low as the zero level. Each successive level corresponds to some percentage extension from this bottom, equal to a ratio from the popular Fibonacci series. Related Reading: Dogecoin To $0.50? This Channel Break Could Be The Catalyst The 1.414 Fibonacci Extension level lies at $1,314.41 for Solana right now. It now remains to be seen whether the coin will eventually surge to this mark, or if the breakout will fizzle out. SOL Price Solana has performed better than most top coins over the past week as its price has surged by more than 17%, reaching the $238 mark. Featured image from Dall-E, charts from TradingView.com

Solana started a fresh increase above the $220 zone. SOL price is now consolidating above $215 and might aim for more gains above the $225 zone. SOL price started a fresh upward move above the $212 and $215 levels against the US Dollar. The price is now trading above $215 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $225 resistance zone. Solana Price Eyes More Gains Solana price started a decent increase after it found support near the $205 zone, beating Bitcoin and Ethereum. SOL climbed above the $212 level to enter a short-term positive zone. The price even smashed the $218 resistance. The bulls were able to push the price above the $220 barrier. A high was formed at $226 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $199 swing low to the $226 high. Solana is now trading above $215 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $222 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $225 level. The next major resistance is near the $232 level. The main resistance could be $235. A successful close above the $235 resistance zone could set the pace for another steady increase. The next key resistance is $245. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $225 resistance, it could start another decline. Initial support on the downside is near the $222 zone and the trend line. The first major support is near the $212 level or the 50% Fib retracement level of the upward move from the $199 swing low to the $226 high. A break below the $212 level might send the price toward the $205 support zone. If there is a close below the $205 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 – $222 and $212. Major Resistance Levels – $225 and $235.

As Solana (SOL) taps the $225 barrier, Bitwise’s CIO forecasted that a bullish Q4 rally might be brewing for the altcoin if it follows Bitcoin (BTC) and Ethereum’s (ETH) recipe. Related Reading: Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate Solana To Follow BTC, ETH’s Recipe? On Tuesday, Matt Hougan, CIO at Bitwise, affirmed in a new memo to clients that the recipe for strong returns has been clear over the past 18 months: “Take one part ETP inflows, add strong corporate treasury purchases, and voilà—you get big returns.” Hougan explained that BTC followed this recipe since January 2024, while ETH discovered the same formula in April 2025. “It’s no surprise that the recipe works. It’s classic supply and demand,” he stated, adding that “all the ingredients are there for an epic end-of-year run for Solana.” As the CIO highlighted, multiple issuers, including Bitwise, Grayscale, and VanEck, have filed to launch spot SOL exchange-traded products (ETPs), which are expected to be approved at the start of Q4. As reported by NewsBTC, the US Securities and Exchange Commission (SEC) announced last month that it had pushed back its decision on Bitwise, 21Shares, VanEck, Grayscale, and Canary Capital’s spot SOL exchange-traded funds (ETFs) for two months, pushing it to October 16, 2025, “meaning we may have multiple issuers pushing spot Solana ETPs in Q4.” Meanwhile, three major firms, Galaxy Digital, Jump Crypto, and Multicoin Capital, recently secured $1.65 billion in cash and stablecoins to launch a publicly traded SOL-focused treasury company, Forward Industries, to purchase SOL, stake it, and generate excess return. Hougan also noted that Forward Industries named Kyle Samani, who has been among the cryptocurrency’s most consistent promoters, as chairman. To Bitwise’s CIO, if Samani can “carry the Solana message” like Michael Saylor and Tom Lee have done with Bitcoin and Ethereum, it will help drive investor demand. SOL’s Secret Ingredient Hougan pointed out that the existence of ETPs and treasury companies does not guarantee demand, adding that there must be fundamental reasons for investors’ interest in those vehicles. “Solana is an Ethereum competitor,” he asserted, “it’s a programmable blockchain designed to host stablecoins, tokenized assets, and decentralized finance applications, among other things.” The blockchain recently approved a major technical upgrade that will make it one of the fastest networks in the world. Additionally, it is also third in stablecoin liquidity among programmable blockchains and fourth in tokenized assets, recording rapid growth in this sector. Nonetheless, he argued that there’s a key difference between SOL and the two leading cryptocurrencies. While Bitcoin’s market capitalization sits around $2.2 trillion, and Ethereum’s is near the $530 billion mark, Solana’s market capitalization is around $120.8 billion, 1/20th the size of BTC and less than 1/4th the size of ETH. “Scaled for the size of the blockchain, a relatively small amount of flows into Solana could significantly impact prices,” Hougan explained. Related Reading: Worldcoin Jumps 42% Following Eightco’s Announcement Of First WLD Treasury Strategy He detailed that Forward Industries’ $1.6 billion purchase of SOL shares would be the equivalent of $33 billion in BTC purchases, noting that this could be slightly offset by Solana’s higher annual inflation rate of 4.3%, versus Bitcoin’s 0.8% and Ethereum’s 0.5%. “The setup is still attractive,” he concluded, suggesting that investors keep their eyes on Solana in the coming months. As of this writing, Solana is trading at $222, a 5.1% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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 (SOL) is entering a pivotal phase after rallying more than 40% since early August, pushing the price to its highest level since February. This remarkable surge has reignited bullish sentiment, with traders and investors now closely watching whether Solana can sustain its momentum or if a period of consolidation lies ahead. The coming days are expected to be decisive in determining the next major price direction for SOL. Related Reading: Ethereum Dominates Trading Volume Despite Market Cool-Off – Details Despite ongoing volatility across the broader crypto market, Solana bulls are showing resilience. The asset’s sharp recovery underscores renewed confidence in its ecosystem, driven by strong network activity, DeFi adoption, and its positioning as one of the leading Ethereum competitors. Yet, the key factor supporting optimism comes from on-chain data. According to Lookonchain, whales have been actively accumulating SOL during this rally, signaling strong conviction in its long-term potential. The presence of large-scale buyers suggests that even amid fluctuations, demand for Solana remains elevated. This behavior highlights a critical dynamic: whales often position themselves ahead of major moves, reinforcing the bullish narrative surrounding SOL. Whether this momentum continues will depend on how Solana reacts to resistance levels in the coming sessions, making this a crucial moment for investors and traders alike. Whale Moves Signal Growing Confidence In Solana Lookonchain reports that in the past 24 hours, two whale wallets withdrew a combined 376,076 SOL (valued at approximately $80.7 million) from Binance and transferred the tokens to Kamino. This move not only underscores whale confidence in Solana’s long-term potential but also signals a broader trend in the market: investors are rotating capital into large-cap altcoins in anticipation of a rally. Such large-scale withdrawals are typically interpreted as a bullish sign. By moving funds from centralized exchanges to DeFi protocols like Kamino, whales demonstrate an intent to hold or deploy capital strategically for yield, rather than prepare for near-term selling. This conviction aligns with the broader strength we’ve seen across altcoins in recent weeks. Ethereum’s recent pause has created a window of opportunity for alternative layer-1 networks like Solana to shine. If ETH continues to consolidate, capital rotation into SOL and other altcoins could accelerate, pushing them into fresh rallies. The market has already rewarded Solana with an impressive surge since early August, and whale accumulation only reinforces the bullish outlook. Related Reading: Bitcoin LTH Aging Velocity Turns Negative: Distribution Phase Unfolds Technical Details: Price Testing Key Resistance Solana is showing strong momentum, trading at $218.91 after a sharp 9.37% daily surge. The chart highlights that SOL is now testing a critical resistance zone not seen since early 2025, marking its highest levels in months. This recovery follows a steady uptrend from the May lows near $140, with the price supported by higher lows and consistent buying pressure. The 50-day moving average (blue) sits well below the current price at $167.48, reflecting strong bullish momentum, while the 100-day (green) at $177.10 and the 200-day (red) at $163.01 confirm that the medium and long-term trend remains positive. As long as SOL stays above these key averages, the bullish structure is intact. Related Reading: Bitcoin Cycle Structure Questioned As VDD Mirrors Historic Tops However, SOL is now confronting a significant resistance barrier around $220–$225, a zone that has rejected rallies in the past. A decisive breakout above this level could open the path toward $250 and beyond, pushing the token into a new bullish phase. On the downside, a failure to break resistance could lead to a retest of support levels at $200 and $185. Featured image from Dall-E, chart from TradingView

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) experienced a notable 6% price increase to start the week, following the announcement of a new initiative involving three major players in the crypto sector: Galaxy Digital, Jump Crypto, and Multicoin Capital. This collaboration aims to establish a new Solana treasury. $1.65 Billion PIPE Offering To Establish Solana Treasury In a revelation made earlier on Monday, Forward Industries (FORD) disclosed its plans for a private investment in public equity (PIPE) offering, with commitments totaling $1.65 billion in cash and stablecoins.  This offering is being spearheaded by crypto-focused investment manager Galaxy Digital, Jump Crypto, and Multicoin Capital, all of which will provide vital capital for the new treasury fund. Financial advisor C/M Capital Partners will also participate in this venture. By leveraging the expertise and resources of Galaxy Digital, Jump Crypto, and Multicoin, Forward Industries aims to generate increased on-chain returns and enhance long-term shareholder value through active participation in Solana’s growth. Related Reading: Dogecoin Leads Altcoin Rally Amid ETF Speculation: Is $1.50 the Next Big Target? Michael Pruitt, CEO of Forward Industries, expressed his view about the initiative, stating, “Our strategy to build an active Solana treasury program underscores our conviction in the long-term potential of SOL and our commitment to building shareholder value by directly participating in its growth.”  As part of this initiative, Kyle Samani, co-founder and Managing Partner of Multicoin, is expected to assume the role of Chairman of the Board of Directors upon the closing of the PIPE.  Samani, who has been a long advocate of the Solana protocol, believes that the platform is often “misunderstood and undervalued,” stating: Real economic value is being generated on Solana. An institutional-scale treasury can be deployed in sophisticated ways within the Solana ecosystem to create differentiated value and increase SOL per share at a faster rate than simply being a passive holder.” Galaxy’s President and Chief Investment Officer, Chris Ferraro, along with Saurabh Sharma, Chief Investment Officer at Jump Crypto, are also anticipated to join as Board observers.  SOL Strategies Set For Nasdaq Debut Mike Novogratz, Founder and CEO of Galaxy, expressed confidence in the initiative, stating that with the leadership of Samani, Ferraro, and Sharma, Forward Industries is poised to distinguish itself as a leading publicly traded entity within the SOL ecosystem.  Jump Crypto’s Sharma echoed this sentiment, expressing excitement about Forward Industries’ strategy centered on Solana. He emphasized the opportunity to offer investors access to innovative on-chain return sources that extend beyond traditional staking, leveraging Solana’s advanced decentralized finance ecosystem.  Related Reading: Ethereum Price To Clear $5,000 If This Level Is Broken Notably, the new treasury company will join SOL Strategies. As reported by NewsBTC last week, SOL Strategies was the first Solana treasury firm to receive approval for listing on the Nasdaq under the ticker symbol “SRKTE.” Trading is expected to begin on Tuesday. With the formation of the new treasury company, SOL’s price skyrocketed toward the key $215 line, outperforming its peers in the top 10 largest cryptocurrencies, including Bitcoin (BTC). However, SOL still trades 27% below the $293 record reached earlier this year.  Featured image from DALL-E, chart from TradingView.com 

In a landmark development for the Solana (SOL) ecosystem, SOL Strategies has received approval for its listing on the Nasdaq, marking a significant milestone as the first treasury company associated with SOL to achieve this status. The company is set to begin trading under the ticker symbol “STKE” on September 9, 2025.  SOL Strategies Set To Make Nasdaq Debut Upon its Nasdaq debut, SOL Strategies will continue to maintain its presence on the Canadian Securities Exchange (CSE) under the symbol “HODL.” Notably, shares currently trading on the OTCQB Venture Market under the symbol “CYFRF” will automatically convert to the Nasdaq listing.  The listing is contingent upon meeting all regulatory requirements, including the approval of the Company’s Form 40-F Registration Statement by the United States Securities and Exchange Commission (SEC). Related Reading: Countdown To Crypto Chaos: Expert Warns Of Impending Collapse Post Bitcoin Peak Leah Wald, CEO of SOL Strategies, expressed enthusiasm about the Nasdaq listing, stating that it aligns the company with some of the most innovative technology firms globally.  She emphasized that this approval not only enhances liquidity for shareholders but also positions SOL Strategies to attract institutional investors who recognize the potential of Solana’s infrastructure. Wald further stated: As a leading Solana-focused company to reach this milestone, we’re proud to demonstrate the institutional quality and growth potential that exists within this high-performance blockchain ecosystem. Our listing opens new pathways for institutional capital to access Solana infrastructure through regulated and transparent markets SOL Price Surges The Nasdaq listing is anticipated to accelerate SOL Strategies’ growth in validator operations, driven by increased demand for Solana staking. Furthermore, it is expected to strengthen the company’s role as a gateway for institutional investment in Solana’s ecosystem.  Related Reading: First US Dogecoin ETF Could Debut Next Week—How Will It Impact Price? According to CoinGecko data, SOL Strategies holds 0.68% of the cryptocurrency’s supply, equivalent to 370,420 SOL tokens. This was reportedly achieved at a total cost of just over $62 million. This investment has resulted in a yield of $13 million for the company; at current prices, it is now valued at $75 million. The announcement sparked a new leg up for the SOL price, reaching as high as $210 on Friday. As of this writing, the altcoin has retraced back toward $205, meaning a 1.2% surge in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

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 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 is at a pivotal moment as the broader crypto market cools, with most altcoins in decline and Ethereum consolidating around key demand levels. While SOL has shown relative strength by holding firm near the $210–$220 range, it continues to struggle with the momentum needed to break higher. The $220 level has emerged as a significant ceiling, with repeated attempts to push through meeting resistance. Related Reading: Ethereum Leads Market While Altcoins Lose Ground – Details Fresh metrics highlight the underlying challenge: investors are cashing out as Solana climbs above $210, creating a strong supply barrier that limits upside potential. This wave of profit-taking has introduced headwinds, making it difficult for bulls to sustain rallies. Despite maintaining its footing above critical support, the persistent selling pressure underscores market caution and signals that investors are wary of overextension at current prices. Breaking convincingly above $220 could open the door for renewed bullish momentum, while failure to do so risks exposing SOL to deeper retracements. As the market tests sentiment across altcoins, Solana stands at the intersection of resilience and resistance, with investor behavior dictating its short-term outlook. Solana Investors Take Profits According to analyst Ali Martinez, Solana’s breakout above the $210 level triggered a wave of profit-taking that saw investors realize nearly $1 billion in gains. The milestone underscores just how significant Solana’s rally has been, with the asset climbing more than 35% since early August before encountering heavy selling pressure. This surge in realized profits is part of a broader trend across the altcoin market, where investors have been locking in gains after sharp moves higher. While Solana has shown resilience compared to other altcoins, the spike in profit-taking suggests that participants are cautious about overstretched valuations and are eager to secure returns after weeks of momentum. For Solana, the selling activity has created a clear supply barrier around $210–$220, limiting its ability to sustain upward momentum despite strong fundamentals. Still, the fact that investors were able to realize such significant profits highlights the strength of the prior rally and the role Solana continues to play as one of the most actively traded assets in the market. With SOL consolidating after its breakout and the wider altcoin market facing similar headwinds, Martinez suggests the market may now be entering a new phase. Instead of parabolic moves, this stage could be defined by digestion, redistribution, and positioning ahead of the next major trend. For investors, the near-term challenge lies in navigating this transition while keeping an eye on Solana’s critical support and resistance levels. Related Reading: Ethereum Demand Climbs As Monthly Transactions Hit New All-Time High Price Consolidates Below Key Resistance Solana (SOL) is trading near $201 after a modest pullback, consolidating just below the critical $210–$220 resistance zone. The chart highlights how this level has become a supply barrier, with investors realizing profits each time price pushes above $210, creating downward pressure. Despite this, Solana remains structurally strong, holding above its short-term moving averages and maintaining a steady uptrend since early August. The 50-day moving average at $189 and the 100-day at $183 are now providing solid layers of support, keeping SOL comfortably above its mid-term trendlines. The 200-day average at $168 is rising, reinforcing the bullish long-term structure. This alignment of averages shows that buyers remain in control, but momentum has clearly slowed as price consolidates. Related Reading: Bitcoin Index Highlights Two Accumulations And Five Distribution Waves This Cycle – Details For bulls, a decisive break above $220 would invalidate the current selling pressure and could open the door to new highs. Until then, sideways action and profit-taking are likely to dominate. If SOL loses $190, a deeper correction toward the $170 region could unfold. Featured image from Dall-E, chart from TradingView

Solana is currently breaking above an Ascending Triangle that could set a target of around $300, according to a cryptocurrency analyst. Solana Is Breaking Out Of An Ascending Triangle In a new post on X, analyst Ali Martinez has discussed about a triangle technical analysis (TA) pattern forming in the 12-hour price of Solana. The pattern in question is an “Ascending Triangle,” which appears whenever an asset’s price consolidates between two converging trendlines. Related Reading: Solana Social Media Hype Hits 11-Week High As Price Jumps 16% The special feature of the formation is that the upper trendline is parallel to the time-axis, while the lower one is sloped upward. This means that as the price travels between the lines, it observes its range shrink to an upside. As with any consolidation pattern, the upper line of the Ascending Triangle is likely to present resistance to the price, while the lower one support. A break out of either of these levels can signal a continuation in that direction: a surge above the triangle is a bullish sign and a fall under it a bearish one. Like the Ascending Triangle, there is also the Descending Triangle, which is quite similar except for the fact that its lower line is parallel to the time-axis instead. Generally, the probability of a breakout is considered more likely to occur beyond the resistance line in an Ascending Triangle, while in a Descending Triangle, a breakdown of support is more probable. Now, here is the chart shared by the analyst that shows the Ascending Triangle that has appeared in Solana’s 12-hour price: As is visible in the above graph, Solana has been trading inside the pattern for many months now and recently, it has been trying to break out of it. This attempt at a surge above the resistance line comes as SOL has been approaching the apex of the triangle. Usually, a breakout becomes more likely to occur as the price nears the end of the pattern. This is because the consolidation range gets quite narrow around the apex. The same effect may be in play for the cryptocurrency right now. In the event that the latest attempt does lead to a sustained bullish push, Solana may be looking at the $300 level, according to Martinez. This level is around where the 1.618 Fibonacci Extension level lies. Related Reading: Bitcoin Rally Over? CryptoQuant’s Bull Score Index Turns Bearish Fibonacci Extension lines are drawn on a price chart based on ratios from the Fibonacci series. The 1.618 ratio in particular corresponds to the famous Golden Ratio. If Solana does end up witnessing a rally to this target of $300, then its price would have gone up by around 46% from the current value. SOL Price At the time of writing, Solana is floating around $205, up more than 5% over the last seven days. Featured image from Dall-E, charts from TradingView.com