Solana (SOL) is trading at a discount on the cryptocurrency market by over 1% as many investors have engaged in profit-taking in the last 24 hours. Despite this development, Solana could witness a massive bullish rally in September based on historical patterns. Solana price target eyes $300 and new ATH According to Cryptorank data, Solana has an average growth rate of 3.17%, and this might support the asset to post new price levels. Over the last five years, SOL has closed September on a green note with significant numbers. The only exception was in 2020, when it finished in the red with a 39.3% drawdown. In the remaining four years, Solana stayed green and made a profit for investors. For instance, in 2021, SOL hit a 29% growth rate. The closing figures were 5.38%, 8.22% and 12.5% for 2022, 2023 and 2024, respectively. It shows that the asset has seen more consistency in having a bullish breakout in September. Hence, if history repeats itself, Solana could ride on the bullish wave to set a new all-time high (ATH). The coin’s current ATH was set some seven months ago in January 2025 and stands at $294.33. To achieve a new ATH, SOL will have to trade above the $294 resistance zone. As of press time, Solana is changing hands at $211.34, representing a 0.83% decline in the last 24 hours. The asset has lost about $6 from its intraday high. However, trading volume is slightly up by 2.07% at $13.66 billion. Solana's technical indicators back bullish thesis Besides historical trends, another bullish catalyst for Solana is the current technical setup. A golden cross signal, which has formed for the asset as well as the bulls' appetite for the coin, makes the $300 level a target. Meanwhile, planned updates to the Solana network, including the Alpenglow proposal, could make it faster and cheaper and could also drive adoption and impact price.