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The Solana price has surged 1.5% in the last 24 hours to trade at $207.83 on a 36% decrease in daily trading volume to $5.64 billion.
The drop in the SOL price comes as Solana makes headlines in the cryptocurrency world as it outpaces both Bitcoin and Ethereum in recent performance, stirring excitement about its price outlook.
According to Arca CIO Jeff Dorman, Solana’s strong fundamentals, rising demand, and institutional interest suggest it could emulate Ethereum’s almost 200% surge since April.
📊 INSIGHT: #Solana is up 33% since early August, outperforming #Bitcoin. Arca’s Jeff Dorman says $SOL is “the most obvious long right now,” potentially set to mirror ETH’s ~200% rally.
Reasons why @solana is bullish right now 👇
🔹 Potential $2.6B treasury inflows
🔹 Pending… pic.twitter.com/d9P3R3yeRq— CryptosRus (@CryptosR_Us) September 3, 2025
Solana has surged 22% in the past month and about 33% since August, dramatically outperforming rivals Bitcoin and Ethereum over the same period.
Dorman says SOL could benefit from up to $2.6 billion in fresh treasury inflows, with multiple digital asset treasuries raising funds set to channel significant investment into Solana over the next month.
🔥 #Solana is outperforming #Bitcoin; it’s possibly poised to follow #Ether‘s recent 200% rally.
📌 #SOL is the most obvious long position right now, driven by demand for up to $2.6 billion in #crypto vehicles over the next month, according to #JeffDorman, chief investment… pic.twitter.com/qz0ZvfjLaU
— The Bit Bunker (@NEWLINEDIGITAL1) September 3, 2025
If these inflows materialise, the SOL price may react strongly, especially because Solana’s market capitalisation is only one-fifth that of Ethereum, making it more responsive to new demand. In July, the first U.S.-listed Solana ETF launched, even though it was futures-based.
Top asset managers like VanEck and Fidelity are waiting for spot Solana ETF approval, which could further fuel demand. Galaxy Digital also recently tokenized shares on the Solana blockchain, and the Alpenglow upgrade is poised to improve transaction speeds.
On-Chain Signals: Tracking Solana Price Demand
On-chain metrics show growing real network activity and strong accumulation. Wallet addresses and general transaction activity on the Solana blockchain have increased significantly, demonstrating active participation and engagement by users.
Solana Transaction Count Source: Token Terminal
More holders are moving coins off exchanges and into wallets, signalling long-term confidence and reducing immediate sell-off risks. Institutional flows are also already starting to show up on-chain.
The network’s staking participation is increasing, further underlining strong community and investor belief in Solana’s future. With treasury products coming online, these metrics may surge even higher, supporting expectations for the coin price.
With a rising price and profits, on-chain indicators suggest the possibility of profit-taking in the near-term, which could briefly slow Solana’s momentum. Despite these risks, the overall on-chain story supports a bullish outlook, especially if new funds arrive as expected.
Solana Price Holds Key Support Levels
Solana price is holding steady near $207.95, staying above important support at $187.19. This area is where the 50-day simple moving average (SMA) sits, making it a key level for traders. The coin is also well above the long-term 200-day SMA at $157.53, which supports the idea that the market is still leaning positive.
SOLUSDT Analysis Source: Tradingview
Looking at the price chart, Solana has been making higher highs and higher lows since early August. This means the price keeps forming new peaks and rebounds, showing that buyers are in control and the uptrend is strong.
A “Golden Cross” happened when the 50-day SMA crossed above the 200-day SMA. This is often seen as a good sign for more gains. The $187.19 and $157.53 levels help protect the downside, giving space for small dips without panicking the market.
Right now, the nearest resistance is at $218. If Solana’s price breaks above this level, it could quickly move up towards $230 or even $252 if enough buyers enter the market.
Technical indicators agree with this positive view. The Relative Strength Index (RSI) is at 57.42, showing that the price is moving up, but is not yet too high to worry about a sharp drop. The MACD indicator is also pointing up, which means buyers are in charge. The Average Directional Index (ADX) is at 26.99, showing the uptrend is getting stronger, but is not overdone yet.
Each time the price dips close to $187–$190, new buyers appear and price quickly bounces back up. This tells us that buyers are watching this area closely and trust that the trend will stay strong.
If current momentum holds, Solana could break above $218 and keep climbing in the next couple of weeks. But if the price falls below $187.19, it might head down to retest lower supports, which could cause some short-term selling before new buyers step in.
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