TLDR
- Solana price gained 24% in 30 days despite weekend rejection at $250 resistance level
- SOL leads cryptocurrency DEX trading with $121.8 billion monthly volume, surpassing Ethereum
- Galaxy Digital and Forward Industries purchased $1.9 billion worth of SOL for corporate treasuries
- Network fees increased 23% in seven days while processing more transactions than competitors
- Technical analysis shows ascending triangle pattern with potential breakout above $250
Solana price prediction remains bullish as the cryptocurrency tests key resistance levels near $250. SOL currently trades around $233 following strong monthly performance driven by institutional accumulation and network growth.
The Solana blockchain has emerged as the leading platform for decentralized exchange activity. September data shows SOL processed $121.8 billion in monthly DEX volumes, overtaking Ethereum for the first time this year.
This trading dominance creates recurring demand for SOL tokens. Users need the cryptocurrency to pay transaction fees on the network. Higher volumes generate more fees, strengthening the token’s fundamental value.
Corporate Treasury Adoption Drives SOL Price Higher
Institutional investors are adding Solana to their balance sheets in record amounts. Forward Industries raised $1.65 billion specifically to purchase SOL for corporate reserves through Galaxy Digital financing.
The medical technology firm secured over 6.8 million SOL tokens at an average price of $232. This purchase creates the largest Solana treasury by any public company to date.
Galaxy Digital separately bought an additional $306 million worth of SOL tokens this week. The cryptocurrency investment firm has been accumulating the asset across multiple purchases over recent months.
Pantera Capital launched a new $500 million Solana-focused treasury vehicle called Helius on Monday. The Nasdaq-listed entity could expand to over $1 billion according to initial projections from the asset manager.
These institutional moves validate long-term confidence in Solana’s technology. Corporate treasury allocation typically indicates professional investors expect sustained price appreciation over multiple years.
Technical Analysis Points to $300 Solana Price Target
Solana price prediction models show an ascending triangle formation on weekly charts. The pattern displays consistent higher lows over recent months while testing the same $250 resistance level.
Technical analyst Captain Faibik projects a long-term SOL price target of $1,250 based on this pattern. A sustained weekly close above $250 could trigger the bullish breakout scenario.
Support remains established around $190 for the current uptrend. Network fundamentals support higher valuations as Solana fees increased 23% over the past seven days.
The blockchain processes more transactions than Ethereum despite having significantly less total value locked. This efficiency creates better fee generation relative to the capital deployed on the network.
Additional catalysts include proposed bridges to Base and partnerships with Trump-backed World Liberty Financial. These integrations could expand Solana’s user base and transaction volumes.
At a $300 price target, Solana would achieve a $163 billion market capitalization while still trading at a 70% discount to Ethereum’s current valuation.
