Solana Price Breaks $209 – Will ETF Optimism Push SOL to $233?

Jakarta, Pintu News – The price of Solana (SOL) is now continuing to record a positive trend. As of September 3, the token was trading at $209.77 after rising 3.48% in the last 24 hours.

The rise comes amid optimism regarding the potential approval of Solana spot ETFs in the US, with issuers such as VanEck and Franklin Templeton updating their filings to include staking features.

Analysts now estimate the likelihood of approval to reach 95% by October 2025, potentially triggering significant institutional demand.

In other positive news, Solana validators have approved the Alpenglow update with 99% support. This update will cut transaction finalization time from 12.8 seconds to just 150 milliseconds, putting Solana’s speed on par with Google searches, while strengthening its position as a high-performance blockchain.

Is DeFi’s Increased Liquidity a New Strength for Solana?

Solana’s on-chain activity continues to show strong growth, with TVL (Total Value Locked) reaching $11.66 billion on September 3, 2025, the highest level in more than two years.

Read more: As Solana’s Price Soars 100%, Falling Network Activity Raises Correction Concerns

This steady growth shows that more and more capital is entering the DeFi Solana ecosystem, including lending protocols, liquid staking, and decentralized exchanges.

This surge in TVL goes hand-in-hand with the price increase, confirming that Solana’s network fundamentals are improving in line with market sentiment.

As such, if the ETF approval is realized, institutional fund flows could further accelerate this growth, strengthening Solana’s position as a leading smart contract platform.

SOL Price Analysis

According to Coinpedia (3/8), SOL prices have successfully broken the 7-day SMA at $204.69 and the 30-day EMA at $192.23. The move above $210 triggered stop-loss orders and algorithmic buying, which pushed the price towards short-term resistance.

However, traders should note that the Fibonacci resistance at $204.52 could hold the bulls back temporarily.

Read also: Michael Saylor’s Strategy Firm Buys 4,048 Bitcoin for $449 Million!

On the upside, a close above $217.84 will pave the way for SOL to reach $233.19. Further, the next significant resistance is at $236, while the ATH (All-Time High) at $294.33 remains a long-term target, especially if the ETF approval attracts institutional fund flows similar to the Bitcoin ETF which has $142B AUM.

On the other hand, price support lies near the lower Bollinger band at $195 and $176.69, with deeper protection at $146.52 if the general market sentiment weakens.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Solana Price Breaks $209 – Can ETF Optimism Push SOL to $233? Accessed on September 4, 2025