Solana (SOL) Price: Is $213 the Final Barrier Before a Move to $250?

TLDR

• Solana is testing key resistance at $213 after strong whale and institutional accumulation
• SOL has been in a 504-day accumulation range, similar to patterns before previous rallies
• Whales and institutions like Folius Ventures ($600K) are actively accumulating SOL
• Technical analysis shows SOL holding support at $197 while repeatedly testing $213 resistance
• Price action suggests a potential breakout toward $240-$250 if $213 resistance is cleared

Solana has been consolidating near the $200 mark while testing key resistance levels. Data shows increased activity from both whales and institutional investors, potentially setting the stage for a strong move in September.

The cryptocurrency is currently trading around $203.57, holding modest gains as price action compresses inside a symmetrical triangle pattern on shorter timeframes.

Whale activity has become a focal point for SOL watchers. According to CryptoJack, large holders have resumed aggressive accumulation of Solana tokens. This type of whale behavior has historically preceded stronger directional moves for SOL.

Whales are accumulating SOL again 📈

Could $SOL be the altcoin story of September?

— CryptoJack (@cryptojack) September 7, 2025

The timing of this accumulation coincides with the start of September, raising questions about whether Solana could become the standout altcoin of the month.

These accumulation patterns tend to indicate medium-term conviction from larger players in the market. With Solana already holding steady near key support zones, this renewed interest could serve as a catalyst for the next leg higher.

Solana Price on CoinGecko

Institutional Backing Strengthens Outlook

Adding weight to the whale accumulation narrative, institutional investors are also showing interest in Solana. Data from Nansen reveals that Folius Ventures has allocated over $600,000 into SOL through dollar-cost averaging strategies this week alone.

While this amount may be smaller compared to Bitcoin inflows from firms like Galaxy Digital, the steady addition of Solana exposure highlights how funds are diversifying beyond just BTC and ETH.

This alignment between whale and institutional buying provides further support to the broader September outlook for SOL. As both large individual holders and structured fund strategies continue to build positions, the foundation for a potential breakout month becomes stronger.

The price has been maintaining support above the $197 level while repeatedly testing the $213 resistance. This price structure suggests accumulation before a potential move higher.

Technical indicators are also showing positive signs. Solana continues to respect its exponential moving averages (EMAs) on the daily chart, using them as dynamic support. This alignment of shorter EMAs with longer ones indicates that momentum remains intact.

Historical Patterns Point to Potential Surge

Perhaps most compelling is the fractal pattern identified by market analysts. According to Bitcoinsensus, Solana has now logged 504 days inside an accumulation range, closely resembling previous cycles before breakouts.

This could be the next major leg up happening on $SOL 📈

Measure the dates.#Solana pic.twitter.com/mH7Wt91V5O

— Bitcoinsensus (@Bitcoinsensus) September 6, 2025

This extended base-building phase adds weight to the argument that the market may be coiling for a larger move as September progresses. Previous instances of similar accumulation periods were followed by explosive expansions once the trend transitioned.

The current setup on the weekly chart shows SOL repeatedly testing the $213 zone while maintaining its base around $197, keeping the broader trend constructive.

Traders are watching key levels that could determine short-term direction. A breakout above $208.62 could target $212.81 and then $217.65, while immediate support at $199.25 is crucial for maintaining the bullish structure.

Higher lows since late August have strengthened the bullish case, showing that buyers remain active even as upside momentum temporarily stalls.

If Solana clears the $213 resistance with convincing volume, momentum could accelerate toward the $240-$250 region. This would align with the broader bullish trajectory suggested by multiple analysts.

Market structure currently suggests that the next move could be decisive. The 50-SMA at $205 now acts as immediate resistance, while the 200-SMA at $194.37 provides longer-term structural support.

Momentum indicators show balanced conditions, with the RSI at 52 displaying neutral readings but tilting slightly upward after a rebound from oversold levels earlier this week.

For those looking at longer-term targets, some analysts point to $500 as a broader cycle target should SOL break out of its current accumulation phase.

As September trading continues, Solana’s price action near these key levels will likely determine whether it can capitalize on the apparent accumulation by whales and institutions to make its next major move.