Solana Price Prediction: SOL Pauses at $234 as TVL Hits $13.2B, Derivatives Soar
Solana (SOL) is consolidating after a big run, trading around $234.47 after backing off from the recent high of $249.56...
Quick overview
- Solana (SOL) is currently trading at $234.47 after a recent peak of $249.56, indicating a consolidation phase.
- The total value locked (TVL) in Solana reached an all-time high of $13.22 billion, reflecting strong adoption in decentralized finance.
- In the last 24 hours, Solana attracted over $255 million in stablecoin deposits, the highest among all blockchains.
- Institutional interest is rising, with significant investments from firms like Galaxy Digital, further bolstering Solana's market position.
Solana (SOL) is consolidating after a big run, trading around $234.47 after backing off from the recent high of $249.56. Despite the short term pullback, the fundamentals are still strong. DeFiLlama data shows Solana’s TVL hit $13.22B on Sunday, an all time high, as adoption across decentralized finance protocols grows.
Stablecoin inflows tell the same story. According to Artemis Terminal, Solana saw over $255M in new stablecoin deposits in the last 24 hours, the most of any blockchain. This liquidity surge helped SOL outperform ARB and APT and solidify its position as one of the most active ecosystems in this cycle.
Key on-chain metrics:
- TVL $13.22B, all time high
- $255M in stablecoin deposits in 24 hours
- SOL outperformed ARB and APT in weekly returns
Solana chain TVL just hit $13.2B (+16% from last week).
And it’s not just TVL inflating, because usage confirms the flow is real:
> Stablecoin mcap: $12.46B
> DEX volume (24h): $4.96B (+23% WoW)
> Active addresses: 2.29M
> Transactions: 67M/day
> Chain fees: $1.96M/day… pic.twitter.com/PMqqouRR2E— THEDEFIPLUG (@TheDeFiPlug) September 15, 2025
Derivatives and Institutional Momentum
The derivatives market is getting more bullish. CoinGlass data shows futures open interest is at an all time high of $16.58B and the long to short ratio is 1.08, the highest in over a month. More traders are positioning for upside.
Institutional demand is also driving the momentum. Forward Industries just closed a $1.65B PIPE deal led by Galaxy Digital, Jump Crypto and Multicoin Capital. Galaxy Digital alone bought 1.2M SOL ($306M) in the last 24 hours and 6.5M SOL ($1.55B) in the last week. The Rex-Osprey SOL + Staking ETF (SSK) saw $15.9M in inflows last week, more proof of institutional demand.
Technical: Solana at $234
From a technical standpoint, Solana is testing the decision zone between the 23.6% Fibonacci retracement at $237.72 and the 38.2% level at $230.39. The 50 period EMA at $230.45 is support and the 200 EMA at $209.02 is the bigger picture support.Candlestick structure has turned into spinning tops and small bodied candles with long wicks, showing indecision after the recent run. RSI is at 47, coming down from overbought but still has room to stabilize. No bearish divergence yet, so the bias is still up.
For traders, the play is simple: buy dips at $230-$224 with stops at $218. Upside targets are $237.70, $243.70 and the swing high at $249.50. A break above that could take it to $260.
For beginners, think of Solana as “catching its breath”. As long as it holds above $224 the trend is still intact, but if it breaks $218 it’s losing strength and could correct deeper.
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