Solana is currently testing a critical price level that could determine its next major move. The cryptocurrency is consolidating around $197.64, a zone that on-chain data shows as the most important support area in SOL’s trading history.
This price level has particular importance due to massive trading activity. More than 32.8 million SOL tokens, representing about 5.46% of the total supply, changed hands around $197.64. This creates a strong foundation of realized volume at this price point.
The technical setup comes at a time when Solana is receiving institutional attention. Sol Strategies recently became the first Solana treasury company to secure a Nasdaq listing. The company holds over 400,000 SOL tokens in its treasury, directly tying a large reserve to Wall Street exposure.
BREAKING: 🇺🇸 SOL STRATEGIES BECOMES FIRST SOLANA TREASURY COMPANY TO BE LISTED ON NASDAQ.
BULLISH FOR $SOL 🔥 pic.twitter.com/yoXIX9PIqa
— Ash Crypto (@Ashcryptoreal) September 5, 2025
This development provides a bridge between Solana’s decentralized network and traditional capital markets. The listing brings increased visibility for SOL among institutional investors and traditional finance participants.
From a price perspective, Solana has been maintaining its position above the $200 support zone. The current consolidation is taking place just above previous resistance levels that are now acting as support. Volume flows indicate reduced selling pressure, which often occurs when markets prepare for their next significant move.
Chart analysis reveals Solana forming a symmetrical triangle pattern above the $200 region. This type of formation typically acts as a continuation setup, where the market builds pressure before making a directional move.
Pump it pic.twitter.com/0oXUCid2XI
— ProfessorAstrones (@Astrones2) September 5, 2025
The repeated tests of both ascending support and descending resistance suggest a breakout is approaching. The pattern shows the market is coiling tighter as it approaches a decision point.
Technical analysts have identified $206 to $210 as the near-term pivot range. A breakout with strong volume from this zone could open the path toward $220 and $241. Meanwhile, holding above $200 keeps the overall bullish structure intact.
The upside targets are clearly defined on the charts. A move above the $210 level would first target $240 as immediate resistance. If volume supports the breakout, $255 comes into view as the next extension level.
On the downside, maintaining $200 as support remains crucial for preserving the positive bias. A break below this level could trigger selling pressure toward the $165-$180 area.
The broader outlook for Solana includes more ambitious price targets. Some analysts believe the $500 level remains achievable before year-end, supported by several positive factors.
Institutional interest continues growing, with exchange-traded fund discussions gaining traction. Treasury companies like Sol Strategies are tying large SOL reserves to traditional markets, creating additional demand dynamics.
The path to higher prices would likely unfold in stages. Holding above the $250 to $270 range would set up continuation patterns. A clean breakout over $290 could open the door toward $500 and beyond.
Current market structure supports this outlook. Solana has shown repeated ability to recover from dips, and the broader altcoin environment remains supportive.
The consolidation above $200 suggests buyers remain in control of the price action. This healthy digestion of recent gains creates a foundation for potential future advances.
Traders are focusing on the $197.64 level as the key battleground. This zone represents the strongest support area based on actual trading volume and on-chain metrics.
Sol Strategies’ Nasdaq listing represents over 400,000 SOL tokens now directly connected to traditional financial markets through a publicly traded entity.
The post Solana (SOL) Price Prediction: Treasury Company’s Nasdaq Listing Brings Wall Street Exposure as Analysts Eye $500 appeared first on CoinCentral.
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