Solana price reclaimed $216 and is testing $238, signaling continued bullish momentum backed by institutional accumulation and a $13B DeFi TVL; a sustained close above $233 could open a path toward higher targets, including a potential long-term move near $457.
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Solana reclaims $216, eyes $238 and then the all-time high.
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Institutional accumulation and a $13B DeFi Total Value Locked support the rally.
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Analysts say holding above $233 may enable a longer-term run toward $457.
Solana price surges after reclaiming $216; read analysis on $238 target, $13B DeFi growth, institutional buys — COINOTAG.
Published: September 11, 2025 | Updated: September 11, 2025
What is Solana’s current price outlook?
Solana price has reclaimed the $216 level and is testing the $238 zone, indicating bullish momentum. Short-term pullbacks to $216 could flip that level into support, while a confirmed hold above $233 would increase the likelihood of a sustained push toward higher resistance and longer-term targets.
How did Solana break resistance and what comes next?
Solana reclaimed $216 and extended toward $238 after sustained accumulation. The token traded near $239 at the time of analysis. Technical structure shows higher lows since April 2025, suggesting a trend of steady accumulation and continuation of buyers stepping in on dips.
Market commentator Lennaert Snyder reported that $216 had been a critical barrier and is now reclaimed. The current price action is testing $238, with the all-time high remaining the next major obstacle. Traders are monitoring pullbacks to $216 for potential resistance-to-support flips that would strengthen bullish structure.
$SOL keeps showing strength.
It reclaimed key $216 resistance, now on its way to $238.
After $238, the last resistance to test is the ATH.
Potential pullbacks to $216 could be perfect for resistance/support flips. @solana is a beast. 🚀
— Lennaert Snyder (LennaertSnyder) September 11, 2025
The chart structure shows consistent higher lows since April 2025, reflecting steady accumulation and continuation of the bullish trend. Once $238 is cleared, the only major resistance left is the all-time high level.
Short-term retracements are expected as part of the cycle. Analyst Henry noted a likely small pullback as normal market behavior. Traders will watch $216 and $233 as key zones for support validation and potential continuation targets.
Why does institutional activity matter now?
Institutional accumulation increases directional demand and reduces available supply on exchanges. Galaxy Digital reportedly increased exposure with a large purchase, and other firms expanded treasury allocations, which supports the thesis that higher-level buyers are reinforcing the rally.
Solana’s DeFi ecosystem has surpassed $13 billion in Total Value Locked, indicating expanding on-chain activity and utility that complements price momentum. Analyst Javon Marks highlighted that a stable close above $233 could trigger a breakout toward substantially higher levels, with a longer-term reference target around $457 if momentum persists.
Frequently Asked Questions
What are key support and resistance levels for Solana?
Key support: $216 (recent resistance-turned-support), with $233 as immediate confirmation level. Key resistance: $238 followed by the all-time high. Monitoring these levels helps identify continuation or reversal risk.
How does institutional buying affect Solana price?
Large institutional purchases reduce circulating sell-side liquidity and signal strong demand, often leading to tighter market structure and higher price floors over time.
Key Takeaways
- Reclaim and test: Solana reclaimed $216 and is testing $238 as the next resistance.
- Institutional support: Large buys and treasury allocations are reinforcing demand.
- DeFi growth: $13B TVL in Solana DeFi underpins network activity and adoption.
Conclusion
Solana price action shows renewed strength after reclaiming $216, with $238 and the ATH as the next resistances. Institutional accumulation and a $13B DeFi ecosystem support the bullish case. Watch $216 and $233 for support confirmation; traders should prepare for both pullbacks and continuation scenarios. — COINOTAG
