Solana price reclaimed $216 and is testing $238, signaling continued bullish momentum backed by institutional accumulation and a $13B DeFi TVL; a sustained close above $233 could open a path toward higher targets, including a potential long-term move near $457.
Solana reclaims $216, eyes $238 and then the all-time high.
Institutional accumulation and a $13B DeFi Total Value Locked support the rally.
Analysts say holding above $233 may enable a longer-term run toward $457.
Solana price surges after reclaiming $216; read analysis on $238 target, $13B DeFi growth, institutional buys — COINOTAG.
Published: September 11, 2025 | Updated: September 11, 2025
What is Solana’s current price outlook?
Solana price has reclaimed the $216 level and is testing the $238 zone, indicating bullish momentum. Short-term pullbacks to $216 could flip that level into support, while a confirmed hold above $233 would increase the likelihood of a sustained push toward higher resistance and longer-term targets.
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How did Solana break resistance and what comes next?
Solana reclaimed $216 and extended toward $238 after sustained accumulation. The token traded near $239 at the time of analysis. Technical structure shows higher lows since April 2025, suggesting a trend of steady accumulation and continuation of buyers stepping in on dips.
Market commentator Lennaert Snyder reported that $216 had been a critical barrier and is now reclaimed. The current price action is testing $238, with the all-time high remaining the next major obstacle. Traders are monitoring pullbacks to $216 for potential resistance-to-support flips that would strengthen bullish structure.
$SOL keeps showing strength.
It reclaimed key $216 resistance, now on its way to $238.
After $238, the last resistance to test is the ATH.
Potential pullbacks to $216 could be perfect for resistance/support flips. @solana is a beast. 🚀
— Lennaert Snyder (LennaertSnyder) September 11, 2025
The chart structure shows consistent higher lows since April 2025, reflecting steady accumulation and continuation of the bullish trend. Once $238 is cleared, the only major resistance left is the all-time high level.
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Short-term retracements are expected as part of the cycle. Analyst Henry noted a likely small pullback as normal market behavior. Traders will watch $216 and $233 as key zones for support validation and potential continuation targets.
Institutional accumulation increases directional demand and reduces available supply on exchanges. Galaxy Digital reportedly increased exposure with a large purchase, and other firms expanded treasury allocations, which supports the thesis that higher-level buyers are reinforcing the rally.
Solana’s DeFi ecosystem has surpassed $13 billion in Total Value Locked, indicating expanding on-chain activity and utility that complements price momentum. Analyst Javon Marks highlighted that a stable close above $233 could trigger a breakout toward substantially higher levels, with a longer-term reference target around $457 if momentum persists.
Key support: $216 (recent resistance-turned-support), with $233 as immediate confirmation level. Key resistance: $238 followed by the all-time high. Monitoring these levels helps identify continuation or reversal risk.
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