Solana News Today: Solana Bulls Target $300 as Fundamentals and Momentum Align

Solana (SOL) has shown early signs of recovery after testing critical support at the $195 level, with bulls pushing the price above this zone. The current price is trading near $205, which serves as a key resistance level. A successful breakout above this threshold could signal a broader bullish move, potentially leading to $209 and then $218. On the other hand, a failure to maintain momentum above $205 could send the price back down toward $195 and eventually to $188, with further risks of a decline to $184. Technical indicators also suggest bullish momentum, as the hourly MACD is gaining strength and the RSI is above the neutral 50-level [1].

The broader crypto market is also showing signs of strength, with Solana outperforming major peers like Ethereum and Bitcoin. On the 4H chart, Solana is approaching $200, a psychological and structural support level, with momentum suggesting a potential push to $213. Analysts are watching this level closely, as a clean breakout could confirm bullish strength and set the stage for a rally toward $238, $260, and eventually $300. Meanwhile, Ethereum and Bitcoin are exhibiting mixed signals, with Ethereum consolidating near $4,300 and Bitcoin fluctuating around $111,000 [3].

Beyond price action, Solana is strengthening its fundamentals through the expansion of real-world assets (RWAs) and stablecoin liquidity. According to SolanaFloor, tokenized RWAs on the network have surpassed $500 million, with 92 listed assets and over 66,700 holders. This adoption trend, coupled with a growing stablecoin market cap of $11.62 billion, supports the network’s broader narrative in real-world finance. Such on-chain growth is seen as a positive catalyst for long-term price performance [2].

Analysts are also pointing to key liquidity clusters between $160 and $180 as potential reset zones. These areas have historically acted as a buffer before stronger rallies. If the price were to dip into this range, it could clear accumulated downside liquidity and position Solana for another leg higher. A recovery from this level, especially in a stable market environment, could align with broader bullish momentum and set up a move toward all-time highs [2].

Looking ahead, the market is poised to react to macroeconomic data, particularly the U.S. GDP release and the upcoming Non-Farm Payrolls report on September 5. Until then, Solana’s price trajectory will depend on its ability to maintain above the $200 support zone and clear $213 resistance. A consolidation phase in this range would give buyers more confidence, while a decisive break above $213 could accelerate momentum toward higher targets. Market observers will be closely watching whether this consolidation leads to further bullish expansion or a temporary retreat [3].

Source:

[1] Solana (SOL) Bulls Eye Control – Will Recovery Turn Into a ... (https://www.mitrade.com/insights/news/live-news/article-3-1087370-20250902)

[2] SOL Battles $213 Resistance as Bulls Target $300 Breakout (https://bravenewcoin.com/insights/solana-price-prediction-sol-battles-213-resistance-as-bulls-target-300-breakout)

[3] Crypto markets enjoy a bullish session – ETH, BTC and SOL ... (https://www.marketpulse.com/markets/crypto-markets-enjoy-a-bullish-session-eth-btc-and-sol-technical-outlook/)