Key Notes
- A big $239 resistance zone has emerged as a important barrier for SOL worth.
- A whale lately transferred $23.6 million in SOL to OKX, stoking promoting issues.
- Institutional shopping for and 30% month-to-month good points preserve long-term outlook agency.
Solana
SOL
$234.2
24h volatility:
0.0%
Market cap:
$127.10 B
Vol. 24h:
$7.64 B
traded almost flat on September 17, brushing towards a strong resistance degree close to $239.
Common crypto analyst Ali Martinez shared a Glassnode UTXO Realized Value Distribution chart, noting a heavy focus of realized worth exercise at $238–$239.
This area has seen the biggest quantity of SOL altering fingers, making it the “most essential” promote wall for bulls to beat, in accordance with Martinez.
$239 is now crucial resistance wall forward of Solana $SOL! pic.twitter.com/0TI0G5XcW0
— Ali (@ali_charts) September 17, 2025
In the meantime, on-chain tracker LookOnChain reported {that a} large whale lately moved 100,000 SOL, price roughly $23.6 million to OKX alternate earlier in the present day.
Whale 2nWbwF deposited 100,000 $SOL($23.64M) into #OKX 2 hours in the past after receiving it from Coinbase Prime.https://t.co/DfoiM4uIzm pic.twitter.com/i1JGIMmn6Z
— Lookonchain (@lookonchain) September 17, 2025
Such inflows to buying and selling platforms usually trace at potential near-term promoting stress, although they’ll additionally symbolize treasury rebalancing.
Establishments Again the Lengthy Recreation
Regardless of fears of a near-term sell-off, Wall Road gamers continue to back Solana. The community has attracted billion-dollar commitments from funds looking for high-throughput blockchain publicity.
FalconX lately withdrew 413,075 SOL (price round $98 million) from a number of exchanges, in accordance with LookChain.
Appears like one other establishment is shopping for large $SOL.
Up to now 8 hours, #FalconX has withdrawn 413,075 $SOL($98.4M) from #Binance, #OKX, #Coinbase, and #Bybit.https://t.co/BbJHB6YKtf pic.twitter.com/BibDGcoD3x
— Lookonchain (@lookonchain) September 17, 2025
Pantera Capital founder Dan Morehead lately revealed that Solana is now his agency’s largest place, with $1.1 billion invested.
Analysts notice that strong treasury inflows give Solana a sturdy long-term progress case even when short-term volatility stays excessive.
Institutional curiosity helped the cryptocurrency rebound from a short dip to $230 on September 15 by shopping for the SOL dip.
On the time of writing, SOL is buying and selling round $236 with minimal every day change, however posting a 30% achieve over the previous month.
SOL Value Outlook in Close to-Time period
On the every day chart, the SOL worth is hovering beneath the Bollinger higher band close to $249. A decisive shut above this degree would increase bull confidence but in addition alerts potential overextension. The midline (20-day SMA) round $217 acts as robust assist.
SOL worth chart with RSI and Bollinger Bands. | Supply: TradingView
The 14-day RSI sits beneath the overbought threshold, suggesting room for additional upside however with warning. A bullish breakout above $239-$240 may goal $250.
Nevertheless, if SOL fails to carry $230 assist, merchants may see a worth pullback towards the mid Bollinger Band round $217 and the 50-day shifting common round $200.
Wall Road Pepe (WEPE) Catches Fireplace as Solana Eyes Value Rally
As Solana eyes recent worth rally, a brand new contender within the meme coin scene is drawing severe consideration: Wall Street Pepe (WEPE). The mission blends the humor of the basic Pepe meme with the daring buying and selling spirit of “The Wolf of Wall Road.”
Solana has develop into a key hub for meme coin launches, particularly in the course of the newest market upswing. Solana meme coin launchpad, Pump.enjoyable (PUMP), has already generated greater than 12.3 million tokens, underscoring the community’s dominance.
Holders of WEPE achieve entry to a non-public “Alpha Chat,” the place members share buying and selling methods and market calls designed to identify high-impact alternatives.
WEPE goals to offer on a regular basis merchants sharper market insights and a stronger voice in an area usually dominated by large gamers.
WEPE Token Dynamics
WEPE’s construction introduces a cross-chain twist. For each WEPE (SOL) bought, an equal greenback quantity of WEPE (ETH) is burned from Ethereum’s
ETH
$4 492
24h volatility:
1.1%
Market cap:
$542.09 B
Vol. 24h:
$29.18 B
provide, regularly tightening availability.
At launch, this new Solana-based meme coin will stay pegged to the stay worth of its Ethereum counterpart, decreasing the possibility of sudden worth swings or hidden spreads.
The mission emphasizes group participation and clear mechanics, aiming to offer buyers the instruments to navigate markets extra confidently. Able to develop into part of the WEPE household? Try our information on how to buy WEPE.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any choices based mostly on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets through the years. Parth can be an creator of 4 self-published books.