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- SOL surged 16% in August, bringing Q3 returns to 30%.
- Analysts see $215–$250 potential by Q4, citing upgrades and ETF inflows.
- Network activity down 90%; $175–$180 acts as critical support.
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Solana (SOL) locked in a strong 16% gain in August, boosting its Q3 returns to an impressive 30%. The altcoin’s rally has drawn attention from both retail and institutional investors, with optimism building around upcoming network upgrades and potential ETF inflows.
MEXC chief analyst Shawn Young highlighted that Solana’s recent “Alpenglow” upgrade, promising a 100x speed improvement, could catalyze further growth. He also noted over $1.7 billion in crypto treasury demand, combined with ETF-related inflows, could push SOL prices higher. According to Young, “The alignment of technical innovation, structural accumulation, and ETF-related inflows raises the stakes for SOL, setting the stage for an inflection point in adoption and price discovery.”
Analyst Price Targets Signal Potential Upside
Young projected that SOL could reach $215 before the end of September, with the possibility of hitting $250 by year-end if macro conditions remain favorable. Some market watchers remain more bullish, predicting SOL could even touch $300 by December.
However, not all indicators are purely bullish. Analyst Ted Pillows emphasized that SOL may need to sweep the $160–$180 liquidity cluster before resuming an upward trajectory. “I think $SOL could sweep the downside liquidity in September before a new ATH in Q4,” Pillows explained.
Network Activity Declines Raise Concerns
Despite positive price forecasts, Solana’s network activity has dropped by 90%, with active traders falling from over 30 million in Q4 2024 to roughly 3 million in September 2025. This slowdown, particularly in decentralized exchange (DEX) usage, could weigh on short-term demand and create temporary price resistance.
Technical analysis shows SOL facing price rejections near $215–$220, aligning with historical Bollinger Band limits and the ascending triangle’s upper boundary. Meanwhile, support levels at $175–$180 could act as a cushion in case of a correction.
Also Read: Solana Whale Sparks $300 Breakout Potential: Key Levels & Market Outlook
Cautious Optimism for Solana
Solana’s momentum remains strong, fueled by network upgrades, treasury demand, and ETF-related catalysts. Yet, the sharp decline in network activity and key liquidity zones suggest caution in the short term. Investors should watch the $175–$180 support range closely while eyeing the $215–$220 supply zone for potential pullbacks before a year-end surge.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
