The post SOL Entering a Decisive Phase: Is it a Good Time to Buy Solana Now? appeared first on Coinpedia Fintech News
Solana (SOL) is poised for a major breakout, trading just below the crucial $250 level and testing the strength of its bullish momentum. The rally from $230 has reignited market excitement, with traders eyeing $250 as the gateway to fresh highs. Strong demand from DeFi users, NFT growth, and rising network activity are fueling this surge. The question now is whether the SOL price can smash through $250 and head toward $270, or if a rejection will trigger a sharp short-term pullback.
What’s Driving Solana (SOL) Price Today
Solana (SOL) is trading just below $250, with bulls attempting to break this crucial resistance level. Multiple factors support the rally. The U.S. SEC’s new listing rules for crypto spot ETFs are attracting institutional attention, opening the door for SOL-based products. On-chain data shows over $1 billion in bridged Bitcoin on Solana, boosting DeFi Total Value Locked (TVL) and signalling increased cross-chain adoption.
DeFi and DEX volume on Solana continues to rise, with platforms like Jupiter and Raydium driving liquidity. This surge in ecosystem activity has helped Solana briefly surpass Ethereum in DEX volume, sparking renewed interest from traders. Analysts are eyeing $250–$270 as the next price targets, with a potential breakout paving the way toward $300 if momentum holds.
However, traders should also monitor downside risks. A rejection at $250 could push SOL back toward the $230–$220 support zone, creating a possible re-entry level.
Will SOL Price Reach $250 Today?
The Solana price has been maintaining a strong ascending trend for the past couple of weeks, while the volume remains within the average range. As the price gradually climbs towards the major resistance, the question arises whether a rise above $250 will materialize in the next 48 hours.
The chart shows Solana price trading at $246, approaching a strong resistance zone near $265–$270, where previous rejections occurred. A breakout above this level could open the path toward $310, while failure may trigger a pullback toward $210–$220. The RSI (69.28) is close to overbought, signaling potential short-term consolidation. Meanwhile, the Chaikin Money Flow (CMF 0.19) indicates solid buying pressure. Notably, the rising trend line is acting as immediate resistance, and a decisive break above it could confirm bullish continuation.
The Solana price prediction for September 2025 highlights a crucial battle at the $265–$270 resistance zone. If buyers push through this ceiling, SOL could rally toward the $300–$310 range, supported by strong buying momentum and trendline structure. Conversely, rejection from resistance may drag prices back to the $220–$230 support zone. Overall, September 2025 stands out as a decisive month for Solana, with its price action likely to determine whether a bullish breakout or corrective pullback dominates.