Solana Price Prediction: SOL Breaks $214, Eyes $228 in Fresh Bullish Setup

Solana (SOL) is up at $214 after breaking out of a multi week consolidation. Investors are weighing mixed US economic data...

Written by: Arslan Butt • Monday, September 8, 2025 • 1 min read

• Last updated: Monday, September 8, 2025

Quick overview

Solana (SOL) has risen to $214 after breaking out of a multi-week consolidation, amid mixed US economic data.
The total value locked (TVL) in Solana's DeFi ecosystem has increased to $11.67B, indicating strong long-term investor confidence.
Despite the growth in TVL, active addresses have decreased by 62% since June, suggesting lower user engagement.
Technical analysis shows bullish momentum for Solana, with key resistance levels identified at $217.6, $223, and $228.5.

Solana (SOL) is up at $214 after breaking out of a multi week consolidation. Investors are weighing mixed US economic data, slower job growth which is supporting the case for Fed rate cuts and overall risk on.

Derivatives data is cooling. Solana’s Open Interest in futures has come down from $13.68B to $12.39B according to CoinGlass. Analysts say such retracements often provide a better backdrop for extended rallies especially in September when digital assets historically face seasonal headwinds.

DeFi Growth and Network Challenges

On the fundamentals side, Solana’s DeFi ecosystem is growing. TVL is now at $11.67B, up $1.8B from August, showing investor conviction in the long term.

However user activity is not keeping up. Active addresses are down 62% from June, from 6 million to 2.26 million. While liquidity is still flowing in, lower engagement means daily adoption is lagging behind capital inflows.

Key metrics at a glance:

TVL Growth: $11.67B, up $1.8B since August
Active Addresses: Down 62% to 2.26M
Futures OI: $12.39B, down from $13.68B peak

Solana (SOL/USD) Technicals Point to Higher

From a charting perspective, Solana has broken out of a large symmetrical triangle on the 2 hour chart, a setup that often precedes big moves. Price is above the 50-SMA at $204.63 and 200-SMA at $195.23, showing short and long term momentum alignment.

Solana Price Chart - Source: Tradingview — Solana Price Chart – Source: Tradingview

Candlestick patterns are bullish, long green candles confirming buying interest and no signs of reversal patterns like Doji or bearish engulfing candles. RSI is at 71.9, near term overbought, so a pullback to $212-206 could test breakout strength before more upside.

Resistance levels: $217.6, $223, $228.5 Support levels: $212, $206, $195

Trade Setup

Enter long above $212 if retest holds, target $223-228, stop below $206. If breakout fails, dip to $195, but as long as higher lows hold, bullish.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.