Solana (SOL) has rebounded from $220 support and is testing resistance near $235, driven by rising institutional accumulation, higher on-chain revenue and increased trading volume; a decisive breakout could target $253 if volume and participation continue to strengthen.
Solana tests $235 resistance after defending $220 support, with $253 as the next target.
Institutional holdings exceed 13.4M SOL and corporate treasury buys totaled $530M, tightening supply.
Network revenue reached $141M in September; 24h volume rose 16.69% to $8.95B, supporting momentum.
Solana (SOL) price rebounds from $220 support to test $235 resistance — track volume and institutional buying for a potential breakout to $253. Read more.
What is driving Solana (SOL) price as it tests $235 resistance?
Solana (SOL) price is testing resistance near $235 after rebounding from $220 support, supported by growing institutional accumulation, higher on-chain revenue and increased trading volume. These factors combined create a tighter supply-demand balance that could enable a breakout toward $253 if momentum sustains.
How are institutional flows and treasury purchases affecting SOL price?
Institutional accumulation has increased materially: public firms now hold over 13.4 million SOL, and a corporate treasury recorded roughly $530 million in purchases. Reduced available supply and large-scale corporate buys typically strengthen price support and reduce sell-side liquidity, reinforcing upward pressure.
Solana tests $235 resistance after rebounding from $220 support as institutional buying and network growth drive momentum toward $253.
- Solana rebounds from $220 support and tests $235 resistance, eyeing a potential move toward $253.
- Institutional accumulation grows as public firms hold 13.4M SOL and treasury adds $530M in purchases.
- Network revenue hit $141M in September, reinforcing Solana’s strength amid rising trading volume.
Solana (SOL) continues to gain momentum after rebounding from the $220 support level. The asset is now testing resistance near $235, with traders monitoring for a potential breakout toward $253. Increased institutional interest, growing network activity, and sustained volume continue to support Solana’s upward trend and market resilience.
Why is the $220–$253 range important for SOL?
Price action between $220 and $253 represents a full recent trading channel where support and resistance have been tested. Buyers defended $220, creating higher lows, while $253 remains the upper boundary tested in recent sessions. A breakout above $235 with sustained volume could reopen momentum toward the $253 zone.
How does on-chain activity support the current rally?
On-chain metrics signal stronger usage: decentralized applications on Solana generated $141M in revenue in September, and 24-hour trading volume rose 16.69% to $8.95 billion. Higher revenue and volume indicate increased transaction demand, which often precedes sustained price appreciation if network activity continues.
$SOL is attempting a strong recovery after bouncing from the $220 support zone, currently testing resistance near $235.
A breakout above this level could confirm bullish momentum, targeting the key $253 zone next. pic.twitter.com/T6PPZwINnA
— BitGuru 🔶 (@bitgu_ru) October 7, 2025
Throughout recent sessions, Solana traded between $190 and $253. After reaching its peak near $253, the price corrected but quickly regained strength above the $210 zone. Buyers have defended the $220 area, forming higher lows that maintain short-term momentum. CoinMarketCap reports SOL at $221.46, up 2.14% over seven days.
Liquidity and participation were high with trading volume rising 16.69% within 24 hours to $8.95 billion. Market capitalization sits near $120.96 billion and fully diluted value near $135.41 billion. Analysts note a breakout to $253 is more likely if consolidation holds between $220 and $240 and volume continues to push the price higher.
How much SOL do institutions hold and what does that mean?
Public firms now hold roughly 13.4 million SOL, representing about 2.46% of circulating supply. Large purchases — including a corporate treasury buy of approximately $530M and a separate ~760,000 SOL acquisition by an institutional buyer (valued at roughly $167M) — reduce available float and can amplify price moves on positive flow.
Grayscale’s Solana Trust (GSOL) has announced staking plans to broaden institutional utility pending regulatory clearance. Data referenced: CoinGecko, CoinMarketCap, and institutional filings (mentioned as plain text sources) indicate increased corporate and fund-level exposure.
Frequently Asked Questions
Will Solana break $235 and reach $253?
A breakout to $253 requires sustained buying pressure and rising volume. If SOL closes above $235 with above-average volume, the next test is $253; failure to hold $220 would signal weakening momentum.
How are network revenues influencing investor sentiment?
Network revenue of $141M in September signals strong dApp usage and fee generation, which supports investor confidence by demonstrating real economic activity on Solana’s chain.
Key Takeaways
- Support and resistance: $220 is the key support; $235 is immediate resistance, $253 is the next target.
- Institutional demand: Public firms hold ~13.4M SOL and corporate buys totaling ~$530M tighten supply.
- On-chain strength: $141M in network revenue for September and higher trading volume bolster the outlook.
Conclusion
Solana (SOL) has rebounded from $220 and is testing $235 resistance, supported by institutional accumulation and rising network revenue. Watch trading volume and on-chain metrics closely; a confirmed breakout with strong participation could target $253. For ongoing coverage, track updates from COINOTAG and official on-chain data sources.
Published: October 7, 2025 · Updated: October 7, 2025 · Author: COINOTAG