Solana Price Holds Support, Can Institutional Interest Fuel Recovery Above $200?

Monday, Oct 20, 2025 3:32 am ET2min read

Solana price holds support at $175 and is testing resistance at $192. Institutional interest and corporate adoption are growing, with a Grayscale report highlighting Solana's expanding ecosystem and ARK Invest reporting $223 million in Q3 network revenue. Despite technical weakness, strong institutional and corporate interest could fuel a trend reversal and drive Solana price above $200.

Solana (SOL-USD) has been consolidating around the $175 to $192 price range, with the asset currently testing the $192 resistance level. Despite recent technical weakness, institutional interest and corporate adoption continue to grow, which could potentially drive a trend reversal and push Solana prices above $200.

Institutional Interest and Corporate Adoption

Institutional flows into Solana (SOL-USD) remain notable, as evidenced by the approval and amendment of Bitwise’s Solana ETF filing, which now includes staking features and a fee reduction to 0.20%, according to a TradingNews report . This development underscores growing institutional confidence in Solana’s network efficiency and cost leadership. Additionally, $530 million in institutional acquisitions recorded during Q2 2025 reinforces the view that Solana remains a preferred vehicle for blockchain infrastructure exposure.

On-Chain Fundamentals

On-chain metrics show that Solana’s Total Value Locked (TVL) continues to recover, rising double digits month over month. This resurgence is powered by renewed DeFi staking engagement, growing liquidity in SOL/USDT pairs, and an uptick in DEX volumes across Raydium and Jupiter protocols, as noted in the TradingNews coverage. Network performance has also stabilized following several updates that reduced downtime and optimized validator synchronization.

Technical Landscape

The current technical structure of SOL-USD signals near-term weakness. After losing the $200 psychological level and breaking below the 30-day simple moving average at $216.55, Solana entered a clear technical breakdown phase. The funding rate for SOL/USDT perpetuals has turned negative at -0.0052%, reflecting short positioning across derivatives markets, according to the same TradingNews analysis. Immediate resistance stands near $202.90 (10-day EMA), while the next pivotal level lies at $212.24 (20-day SMA).

Market Rotation and DeFi Sentiment

While Solana retains institutional dominance in the Layer-1 category, newer ecosystems such as Monad and Remittix have begun to absorb speculative capital. Monad, a high-throughput, EVM-compatible blockchain boasting 10,000 transactions per second, recently acquired Portal Labs, a payments infrastructure firm led by former Visa crypto head Raj Parekh, according to a Cryptopolitan article . This acquisition repositions Monad as a credible payments-layer rival, drawing attention that might otherwise flow to Solana.

Outlook and Strategic Positioning

The convergence of institutional participation, improving network health, and new DeFi integration points keeps Solana (SOL-USD) on a long-term upward trajectory despite near-term weakness. The key levels to monitor remain $195 (support) and $212 (resistance), per the TradingNews coverage. Sustained closes above the latter would confirm a reversal targeting $250–$288, aligning with the next major Fibonacci extension and institutional buying clusters.

Conclusion

Solana (SOL-USD) has shown resilience in the face of technical weakness, with strong institutional and corporate interest continuing to drive the asset. Despite recent market challenges, the long-term fundamentals and growing institutional adoption suggest that Solana could experience a trend reversal and move above $200 in the near future.

References
Solana Price Forecast - SOL-USD Drops to $192 as Whale Selling Sparks Volatility