Solana (SOL) Could Test $245–$250 Resistance as Ecosystem Growth, ETF Hopes and Alpenglow Upgrade Bolster Outlook

• Solana consolidates above $222; immediate resistance at $245–$250 and support near $235.

• SOL ecosystem shows $12.03B TVL, $12.88B in stablecoins and ~1.89M daily active addresses.

• Alpenglow upgrade and ETF filings (Bitwise, Canary, 21Shares) are key potential institutional catalysts.

Solana price consolidates above $222 with resistance at $245–$250; $12B TVL and ETF hopes could drive the next leg higher. Read levels and outlook.

What is Solana’s current price outlook?

Solana price is consolidating above $222 after a peak near $249.60, holding short-term support around $235. Buyers need to sustain momentum above $235 to test resistance at $245–$250, while failure below $235 would signal deeper consolidation.

How is Solana’s technical structure shaping the outlook?

Price action shows SOL peaked at $249.60 before entering a consolidation range between $230 and $250. Technical indicators signal accumulation: MACD divergence and RSI approaching oversold levels support the thesis of buyers defending key levels.

Analysts at BitGuru highlighted September rallies of 10.24% and 13.93%, which pushed SOL into the upper $240s. Market structure has produced higher lows (notable supports at $120, $150, $180 and $200 noted by Kamran Asghar), reinforcing the broader bullish trend despite short-term pullbacks.

Kamran Asghar observed that SOL has repeatedly rebounded from an ascending trendline, creating higher lows and indicating the broader structure remains intact. This supports the scenario that a successful break above $245–$250 would validate the rally continuation thesis.

How is the Solana ecosystem performing and what are the key on‑chain metrics?

Solana’s ecosystem metrics show resilient engagement. DeFiLlama reports a total value locked (TVL) of $12.03B and stablecoin capitalization at $12.88B, which supplies liquidity to DEXs and apps. Daily active addresses are ~1.89M, underpinning sustained user activity.

Applications on Solana generated approximately $3.8M in daily revenue, while decentralized exchanges recorded $3.86B in 24-hour trading volume. Net inflows in the observed 24-hour window were around $3.42M, indicating continued on‑chain flows into the ecosystem.

What role could upgrades and ETFs play?

The planned Alpenglow upgrade aims to improve Solana’s throughput and proof-of-stake performance, which may enhance developer and institutional interest. ETF applications from Bitwise, Canary and 21Shares are under regulatory review; approval could catalyze institutional inflows and support higher valuations for SOL.

Frequently Asked Questions

What support and resistance should traders watch for long-tail entry points?

Support: $235 with trendline supports at $200 and lower. Resistance cluster: $245–$250, with a prior intraday peak at $249.60. Use $235 as a risk threshold for short-term setups and watch volume for confirmation.

How can I explain SOL’s consolidation to voice search users?

Solana is pausing after a rally. It’s holding above $222 and needs to stay above $235 to try for $245–$250. Key drivers include ecosystem TVL, active addresses and pending ETF filings.

Key Takeaways

• Price structure: SOL consolidates above $222 with support near $235 and resistance at $245–$250.
• Ecosystem strength: $12.03B TVL, $12.88B stablecoins and ~1.89M daily active addresses indicate strong on‑chain activity.
• Catalysts: Alpenglow upgrade and ETF filings are primary potential drivers for institutional inflows; monitor volume and on‑chain flows.

Conclusion

Solana’s near-term outlook depends on sustaining momentum above $235 to test $245–$250. On‑chain metrics—$12.03B TVL, robust daily revenue and nearly 1.89M active addresses—support a constructive bias. Watch Alpenglow progress and ETF regulatory outcomes for potential institutional tailwinds. Follow COINOTAG for updates and level-based analysis.

Published: 2025-09-23 · Updated: 2025-09-23 · Author: COINOTAG

Solana holds above $222 with resistance at $245–$250 as strong ecosystem growth, rising activity, and ETF hopes shape its outlook.

• Solana consolidates above $222 with resistance near $245–$250 and support at $235.
• SOL ecosystem shows $12.03B TVL, $12.88B stablecoins, and 1.89M daily active addresses.
• Upcoming Alpenglow upgrade and ETF applications may drive future institutional inflows.

Solana (SOL) recently staged a bullish rally, climbing to a peak of $249.60 before encountering resistance. After hitting this level, the token moved into consolidation and is currently trading at $222. Price action shows SOL holding steady above support, with the market watching closely for another attempt toward $245–$250.

Price Action and Technical Structure

According to an analysis prepared by BitGuru, SOL recorded strong upward moves earlier in September, including rallies of 10.24% and 13.93%. These surges pushed the token into the $240–$250 range, where it met resistance near $249.60. The chart shows SOL consolidating between $230 and $250. Support has formed near $235, while resistance remains firmly established at $250.

According to an observation by Kamran Asghar, the token has consistently rebounded from an ascending trendline, with key levels at $120, $150, $180, and $200. This pattern has created higher lows, signaling that the broader structure is still intact despite short-term pullbacks.

Technical indicators reflect the ongoing consolidation. The MACD has shown divergence, and the RSI is moving closer to oversold territory. Analysts have reported that steady trading volume supports accumulation in the current range. If buyers maintain momentum above $235, the market may retest $245–$250 in the near term.

Ecosystem Growth and Future Drivers

According to DeFiLlama data, Solana’s total value locked is $12.03 billion, representing a 3.58% daily decline. Stablecoin capitalization within the ecosystem stands at $12.88 billion, which continues to provide liquidity for decentralized exchanges and applications.

Applications built on Solana generated $3.8 million in daily revenue, while decentralized exchanges recorded $3.86 billion in trading volume. Within 24 hours, inflows amounted to $3.42 million, and active addresses were 1.89 million, which also proves high user engagement.

Future developments include the planned Alpenglow upgrade, designed to transform Solana into a faster proof-of-stake chain. Additionally, ETF applications from Bitwise, Canary, and 21Shares remain under regulatory review. Approval could attract substantial institutional inflows, supporting Solana’s path toward higher valuations in upcoming sessions.