Another upward week for Solana.

Solana (SOL), the high-performance blockchain, has experienced a week of bullish consolidation amid a volatile crypto market. From September 5th to 12th, SOL's price climbed 7.36%, outperforming the broader sector, which rose only 1.60%. This momentum reflects the resilience of its DeFi and NFT ecosystem, driven by institutional adoption and technical advancements.

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At the start of the week, on September 5th, SOL was trading around $211, firmly defending support at $200 following a monthly correction. By September 8th, an initial rebound brought it to $218 (+3%), catalyzed by inflows into Solana ETFs in the US and Canada, which totaled $15.8 million daily. On September 10, the hype surrounding spot ETF applications from asset managers such as Bitwise and VanEck—with an SEC decision expected in October—pushed the price to $225 (+3-5%). Closing on September 12, SOL reached $239.47, up 5.80% weekly and +5.68% in the last 24 hours, according to CoinMarketCap. The 24-hour trading volume exceeded $12.02 billion, up 33%, while the market cap grew to $129.9B.

Technically, the RSI at 64 indicates neutral-bullish momentum, with rising 50- and 200-day moving averages. The network processed 100,000 TPS on the mainnet, and the TVL in DeFi reached $10.7B, nearly matching historical peaks. Key news includes SOL Strategies' approval for Nasdaq listing and $1.25B in revenue generated by 2025. On X, sentiment is positive, with discussions about meme coins like $TRUMP on Solana and progress on Breakpoint 2024.

However, risks remain: a break below $200 could lead to $174. CoinCodex analysts predict $227-$425 by year-end, with targets of $250-$270 in October. This week, Solana reaffirms its position as an Ethereum rival, attracting investors with its scalability. The outlook is bullish, but macro volatility (US CPI and FOMC) warrants caution. In short, SOL has done well: solid growth and strong fundamentals position Solana for further highs in 2025.

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