Can Solana (SOL) Price Surge 40% and Hit a New Record High?

Jakarta, Pintu News – According to Coinpedia (9/9/25), the price of Solana (SOL) has broken through the important resistance level of $200. After being tested again, the token remained above the major support area. The rise comes after several weeks of consolidation near major support levels, indicating strong accumulation and renewed buying interest.

With trading volumes continuing to rise and momentum indicators turning positive, SOL has the potential to continue its upward trend as long as it is able to hold above the nearest resistance level.

Traders are now eyeing the next price target zone, as if it is successfully breached, Solana has a chance to approach its record high again in the coming trading sessions.

What’s Driving the Solana Price Increase?

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Solana’s price increase was driven by a combination of on-chain strength and favorable macro factors. The number of daily active addresses surged past 1.2 million, while the total value locked (TVL) in the DeFi sector has passed $4.8 billion – the highest level in almost two years.

Activity in the NFT market also recorded a strong performance, with weekly trading volumes in excess of $70 million, putting Solana ahead of a number of competing ecosystems. On the derivatives side, open interest surpassed $1.6 billion, signaling large institutional positions.

In addition to fundamental factors, macro sentiment also provided a boost. Optimism regarding potential US interest rate cuts boosted interest in riskier assets, including crypto. At the same time, speculation about the possibility of a Solana ETF adds to the bullish momentum.

With network activity on the rise and institutional inflows strengthening, Solana is uniquely positioned to sustain this rally. If the positive trend continues, SOL tokens could potentially climb up to 40% higher, approaching its all-time high again.

Will SOL price break $300?

After weeks of sideways movement around $140, Solana broke through a key resistance level which triggered a new bullish momentum. It is now consolidating above $150, with immediate targets at $160 and $180.

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If it is able to stay above this level, the opportunity to head towards the psychological area of $200 is wide open-equivalent to an increase of about 40% from the previous level.

As of September 9, Solana (SOL) was trading around $216, testing an important resistance zone. A breakout above $220 could potentially confirm the strength of the uptrend, with further targets at $244 and even $260, in line with the projected 40% rally. On the downside, the nearest support is at $202.

If the price drops below this level, there is a risk of a retest to the $185-$190 demand area. The RSI indicator is around 60, suggesting upside room is still open before overbought conditions, so the short-term trend remains bullish with the potential to retake previous highs.

SOL’s breakout above $216 signals strong momentum, with near-term targets at $244 and $260. If the price is able to hold above this resistance, plus market sentiment support – such as speculation on the Solana ETF and potential US interest rate cuts – then a scenario towards $300 becomes realistic. Even so, this rise is unlikely to be instantaneous.

Based on the current market structure, Solana could potentially test the $300 level in Q4 2025 to early 2026, as long as prices do not fall below $200 and network activity continues to show growth.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Solana is Breaking, Can SOL Price Gain 40% to Reach a New All-Time High? Accessed on September 10, 2025