Solana price today is trading near $218, holding firm after a series of higher lows lifted the token toward the critical $220 zone. The market is closely monitoring the price as it approaches a rising wedge resistance. On-chain inflows and bullish cycle projections suggest that a big move is coming. Solana Price Tests Rising Resistance SOL price forecast (Source: TradingView) The daily chart shows that SOL is pushing against the $217–$220 barrier, which has stopped rallies since March. The 20-day EMA at $204 supports the price, while the 50-day EMA at $192 and the 100-day EMA at $180 provide even more support. The 200-day EMA at $172 is even lower, which shows how strong the trend support is. Related: XRP (XRP) Price Prediction For September 11 Above $195, parabolic SAR readings are still bullish, and momentum indicators show that strength is growing. If the price breaks above $220, it could go back to $230, and if momentum picks up, it could go even higher. If this level isn’t broken, there is a chance of a pullback to the $204 support level. Analysts See Parabolic Pattern Emerging $SOL is probably one of the best large-cap bets right now.DATs raising billions to buy SOL.Ecosystem activity is picking up again.And the chart pattern is screaming parabolic.Are you holding $SOL? pic.twitter.com/Akiaf1NYTE — Cas Abbé (@cas_abbe) September 9, 2025 Market strategist Cas Abbé described Solana as one of the best large-cap bets at present, citing billions in fresh capital raised by decentralized autonomous treasuries to accumulate SOL. His chart highlights a parabolic setup, suggesting that clearing the $230 zone could spark a rally toward $350, and potentially beyond into the $500–$700 range if momentum sustains. Related: OpenLedger (OPEN) Price Prediction This broader wedge pattern mirrors Solana’s 2021 breakout structure, reinforcing the view that the asset may be coiling for a new cycle expansion. Ecosystem activity and rising developer engagement add fundamental backing to the technical case. On-Chain Flows Show Renewed Demand SOL On-Chain Activity (Source: Coinglass) Exchange netflow data shows $23.8 million of net inflows on September 10, marking one of the strongest single-day upticks in weeks. This follows a period of steady accumulation after months of heavy outflows earlier in the year. While inflows remain below the levels seen during Solana’s spring rallies, the trend reflects growing investor conviction as price challenges resistance. Sustained inflows above $50 million would provide stronger confirmation that institutional and retail demand is aligning behind the breakout. Broader Narrative Backs Upside Solana continues to benefit from a strong narrative in the large-cap layer-1 sector. Its low fees, growing network usage, and positioning as a high-performance blockchain make it a core holding for many funds seeking diversification outside Ethereum. Related: MYX Finance (MYX) Price Prediction As crypto markets stabilize after Bitcoin’s defense of $108,000 and Ethereum’s bounce from $4,200, Solana stands out as a relative strength play. Analysts argue that if macro conditions remain supportive, SOL could be among the first assets to lead a new upside cycle. Technical Outlook For Solana Price Immediate resistance sits at $220, with $230 as the first upside target on a breakout. Clearing $230 could open the path to $250 and potentially $275. On the downside, a pullback below $204 would test the $192–$195 zone, with deeper risk toward $180 if momentum falters. Solana Technical Forecast Levels Immediate Support $204 Deeper Support $192–$180 Immediate Resistance $220 Breakout Target $230–$250 Extended Target $275+ Outlook: Will Solana Go Up? The outlook for Solana hinges on whether buyers can sustain pressure above the $220 resistance band. With inflows improving, ecosystem momentum building, and analysts projecting a parabolic structure, the case for upside remains strong. As long as SOL holds above the $204 support cluster, the bias leans bullish, with $230–$250 in sight. Failure to clear resistance in the near term could trigger consolidation, but the broader setup suggests Solana is positioning for a breakout that may define its next cycle leg. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.