Solana price prediction is once again trending in headlines as SOL has crossed the $225 mark for the first time since February.
The Solana price is up over 12% this week as a result of rising institutional interest and increasing capital inflows. On September 9th, Forward Industries announced that it has raised over $1.65 billion for transitioning to a Solana-focused treasury strategy.
On September 10th, the only spot SOL ETF, REX-Osprey SOL + Staking ETF (SSK), recorded a $3.4 million inflow, reaching $198.5 million total asset holdings.
Image Courtesy: Farside
This shows accelerating SOL adoption by institutions and large investors, which is providing retail investors with confidence in the asset’s long-term growth potential.
As the Solana network gains traction, the trending meme coin Wall Street Pepe is transitioning from ETH to SOL. The WEPE community continues to grow amid this shift, and holders are swapping tokens on Ethereum for their Solana equivalent.
Technical Outlook: Solana Breaks Above Rising Wedge
Following its all-time high of $294 in January, the Solana price dropped by over 65%, reaching lows of $95 in April.
As the broader market sentiment shifted, SOL regained bullish strength and has recovered remarkably. It has gained over 130% in the past 6 months, reclaiming the $200 psychological level.
Image Courtesy: TradingView
Today, Solana has broken out from a rising wedge pattern and is currently trading at $224.92. The SOL price is retesting the breakout zone, signalling potential to continue its bull leg with higher momentum.
The MACD oscillator indicates a strong uptrend for Solana as it continues to increase in the positive direction, with the histogram size increasing each day. Despite being in an uptrend for over a month, the RSI is still neutral with a value of 64.
The Solana price is facing significant resistance near $225, and a breakout could lead to an explosive rally. With increasing buying and neutral price, Solana price prediction signals a breakout to the next significant resistance at $260.
Solana Price Prediction: How High Can SOL Reach In 2025?
In his latest memo on Tuesday, Bitwise CIO Matt Hougan emphasized that ”All the ingredients are there for an epic end-of-year run for Solana.”
His reasoning is that the recipe for big returns is strong ETP inflows and corporate treasury purchases. This recipe has proven effective for Bitcoin and Ethereum this year, so it should also work well for Solana.
Multiple firms, including Bitwise, Grayscale, VanEck, Franklin Templeton, Fidelity, and Canary Capital, have filed for spot Solana ETPs. The SEC has the deadline of October 10th to give a decision, and spot Solana ETP odds have reached 95%.
According to Hougan, the Solana price is gearing up for an epic rally, suggesting it could finally surpass the $300 level, creating new ATHs. As Bitcoin and Ethereum nearly tripled due to institutional adoption, SOL could also undergo a similar surge to $800.
Wall Street Pepe Accelerates Solana Shift With Over 3 Billion Tokens Burned
With Solana signalling large-scale adoption, Wall Street Pepe is making a strategic move by shifting from ETH to SOL. The project has already migrated over 3.3 billion tokens out of the total 200 billion supply.
For every purchase of WEPE (SOL), the equivalent worth of WEPE (ETH) is burned from the circulating supply. The WEPE (SOL) token is available to purchase directly from the website. So, 3.3 billion tokens burned means investors have purchased over $3.3 million worth of WEPE (SOL).
What’s bringing investors to Wall Street Pepe:
The project aims to empower retail investors with trading insights and insider strategies to level the playing field with Whales that are manipulating the market.
WEPE token holders get access to the private discussions of this community, giving rise to a new generation of successful traders.
Investors can also stake their WEPE tokens to earn steady passive income while they wait for the migration to complete.
Wall Street Pepe stands out from the meme pack as the project does not rely solely on hype, but instead takes initiatives at the right time and follows a planned approach. After it is launched on Solana, the WEPE token is expected to surge dramatically with the thriving meme coin culture of the network.
