TLDR
- Solana price traded near $234 in early October 2025 after gaining 16% over the previous week
- Analysts identified the $240-$245 range as a key breakout level that could push SOL toward $260 or higher
- The network approved the Alpenglow upgrade with 98% validator support, reducing block finality time from 12 seconds to 150 milliseconds
- Two major Solana-based digital asset treasuries launched in September, holding approximately 2.5% of SOL’s total supply
- Technical analysis showed recurring patterns where SOL corrects 25% before rallying 50-60% in subsequent weeks
The Solana (SOL) price held steady near $234 in early October 2025 following a weekly gain of approximately 16%. The token also posted a 14% increase over the past month.
Market participants viewed the $200 level as a structural base that supported the recent advance. Traders monitored how the market absorbed dips after earlier volatility.
The recovery from $200 came after a multi-week correction that cleared leveraged positions. Analysts said defending that level restored confidence and turned previous resistance into support.
At the time of writing, SOL traded with moderate momentum on the daily chart. The higher-low pattern since late September reflected steady accumulation by buyers.
Technical analysts said SOL maintained its bullish structure after retesting the $200-$220 range. About $200 million in long positions had accumulated in this zone.
Market observer TedPillows said the $200 region acted as a psychological base similar to Ethereum’s $4,000 level earlier this year. He said any move back into that range would likely attract buyers looking for discounted entries.
$SOL has $200,000,000+ in long liquidations sitting around the $200-$220 level.
If a downside liquidity sweep happens, it won't necessarily be a bearish thing.
The reason is $SOL has strong support around $200, just like $4,000 ETH. pic.twitter.com/3WPdhCpmPp
— Ted (@TedPillows) October 3, 2025
Key Resistance Levels and Pattern Recognition
Analysts watched the $240-$245 range for a breakout trigger. Reclaiming this zone could signal a continuation toward $260 or beyond.
Chart data showed that momentum indicators such as the Relative Strength Index stayed neutral at press time. This left room for further upside.
The Moving Average Convergence Divergence indicator also showed a potential crossover signal. This suggested momentum was turning positive again.
Analyst ZYN identified a recurring price pattern where SOL tended to correct by roughly 25% before rallying 50-60% in subsequent weeks. That sequence had appeared three times since mid-2024.
This is all you need to trade $SOL.
Buy after every 25% dip and then sell after 50%-60% rally.
Since Q2, this pattern has played out thrice, so don't ignore it. pic.twitter.com/M2NeqpGjiZ
— ZYN (@Zynweb3) October 3, 2025
If the same rhythm repeated, the next upward leg could extend into the $260-$300 zone. Charts displayed a broad wedge formation developing since August.
Analyst Don said a decisive close above the upper trendline could validate targets near $300. For this scenario to remain valid, SOL needed to hold above $225-$230 support.
Network Development and Institutional Growth
Validators approved the Alpenglow upgrade with 98% support in September. The upgrade reduced block finality time from 12 seconds to 150 milliseconds.
The update also enabled off-chain voting and enhanced validator rewards. Developers proposed increasing Solana’s block capacity by 25% before year-end.
Two major Solana-based digital asset treasuries launched in September. Forward held $1.5 billion in assets while Helius managed $500 million.
Combined, these funds now hold around 2.5% of SOL’s total supply. This signaled growing institutional participation in the ecosystem.
VanEck’s September report indicated a 2% rise in its Solana Update index. The SOL market capitalization held above $125 billion at press time.
Active addresses remained stable while decentralized applications on the network showed consistent transaction volumes. At press time, the Solana price traded around $234, up roughly 2% in the past 24 hours.
