Solana value has been struggling to keep above $200 mark even in the course of the bullish wave, however the brand new developments could push it increased. The worth of Bitcoin is rising once more after touching $108,600 ranges. The worth of Bitcoin is 5% up throughout this week and round 9% up in the final 30 days. Bears had been anticipating the value to shut in red during September, nonetheless, the inexperienced candles have instilled a recent stream to Bitcoin and the complete crypto market. The present bullish wave is being adopted by altcoins, together with Solana. The worth of Solana has been buying and selling between $225 and $191 over the last week.
The worth motion has been exhibiting power earlier in the week, however current candles present slight exhaustion. The weekly quantity heatmap exhibits concentrated exercise on Mondays and Wednesdays, notably in the course of the 14:00 to 16:00 UTC window, the place volumes peaked above 1.4%. Then again, weekend periods present a bit weaker participation, with hourly volumes principally below 0.5%. This sample suggests institutional desire for weekday periods, the place weekends have the minimal actions.
Over the last week, between September 21st and 27th, the value of Solana dropped by 14%. Solana, whereas up 6% over the last 7 days, had been trailing most different main cryptocurrencies in 2025, which actively contributes to an absence of investor confidence in the long term.
$291 Million Institutional Cash Flows Into Solana
Solana gets $291 million in institutional funding this week, which in the end created optimistic sentiments and traders’ confidence. That inflow exceeded comparable flows into Ethereum over the identical interval, reflecting a shift in capital towards Solana’s ecosystem.
Solana recorded $125.4 billion in spot DEX volume throughout September, surpassing Ethereum’s $109.7 billion and Binance Good Chain’s $90.8 billion. That is one other affirmation that Solana is rising as the popular venue for on-chain buying and selling.
With such dominance in decentralized trade exercise, the current wave of institutional funding matches with the actual market traction and strengthens the case for increased value targets in the months forward. If these funds proceed arriving, they might gasoline a sustained push above the $250 resistance and lay the groundwork for a take a look at of $300.
Solana to Cross $300 This Month?
Between August 1st and September 25, Solana value stored rising on a bullish development line, till it touched $241. The worth of Solana underwent a significant value correction and reached $191 over the last week. The worth is once more exhibiting the indicators of restoration and once more rising to an analogous trendline, which now acts as a resistance.
If Solana manages to break by way of the $241 resistance, momentum may lengthen towards the $253 zone, the place sell-off strain had beforehand emerged. A rejection at this stage could set off one other retracement towards $193, which acted as assist over the last correction. The present rebound means recent shopping for curiosity, however the value nonetheless faces a decisive take a look at alongside the damaged trendline, now become resistance. This trendline would decide whether or not Solana continues its path towards increased targets or consolidates additional.
With the present value decrease than $230, it could take Solana one other day or two to attain the native excessive of $241. Solana is anticipated to present a correction due to the excessive strain on the high. It would take round every week for Solana to overcome this correction and consolidate to make a superb floor for an upward trajectory. Solana should battle to attain $300 in October, a bullish month by historic value actions, because the correction and consolidation part may restrict upside momentum inside the month.
