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- SOL has risen 23% over the past month, testing key resistance near $210.
- Alpenglow upgrade boosts speed, scalability, and DeFi potential.
- ETF approval could unlock significant demand from traditional investors.
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Solana’s SOL has been on a notable run, climbing 23% over the past month, and traders are now closely monitoring its next move. The token faces resistance just below $210, a level that could determine whether bullish momentum sustains or stalls. With daily trading volumes hovering near $6 billion, market energy remains strong, and optimism continues to rise, fueled by anticipation around a potential Solana ETF.
Solana Price Stuck Below $210, Breakout Ahead as ETF Approval Odds Hit 99%?
— Coinspeaker (@coinspeaker) September 4, 2025
A Solana breakout above $215-$220 could push prices toward $236-$252, with optimism around the Alpenglow upgrade and rising ETF approval odds. https://t.co/FSQBS6kuot pic.twitter.com/QIr6RQhwv6
SOL Price Patterns Signal Strength
At press time, SOL trades around $206.8, fluctuating between $206.2 and $212.4. Analysts point to an ascending chart pattern, marked by higher lows and solid support at $197-$200. A breakout above the $215-$220 resistance zone could accelerate gains toward $236-$252, with some projections even reaching $260.
Underlying this optimism is Solana’s recent Alpenglow upgrade, which has reduced block finality to approximately 150 milliseconds, rivaling human reaction speed. The update also enhances network scalability, supporting decentralized finance (DeFi) applications and real-world asset integration. Key technologies, Rotor and Votor, improve consensus efficiency, signaling a major performance leap for the Solana ecosystem.
ETF Buzz Fuels Bullish Sentiment
A significant driver of excitement is the potential Solana ETF. Both spot and collateralized ETF applications are under SEC review, with updated S-1 filings requested—a sign that approval could be imminent, possibly by October. Analysts assign a 90% probability, while prediction markets like Polymarket estimate odds at 99%.
Also Read: Solana Milestones and Price Dip: Why SOL Could Rally Beyond $250
An ETF would allow traditional investors easier access to Solana, likely boosting demand similarly to Bitcoin’s ETF adoption. Adding to the network’s momentum, Galaxy Digital has partnered with Superstate to tokenize SEC-registered equity on Solana, marking a historic step in merging traditional finance with blockchain technology.
Traders Eye $215 Confirmation
The combination of network upgrades, ETF anticipation, and real-world adoption places Solana in a favorable position. While hurdles remain, bulls are hopeful that a move above $215 could unlock new highs and extend SOL’s upward trajectory. The market is primed, and traders are watching closely for confirmation of the next breakout.
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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.
