Solana price trades at $208.77, with analysts projecting a climb toward $240 to $250 this September.
Technical charts show a rising wedge pattern with $208 acting as support and $250 as near-term resistance.
OBV stands at 82.08M as trading activity signals momentum while traders prepare for possible September corrections.
Solana is trading near $208.77, with analysts expecting a potential move between $208 and $250 during September, based on technical indicators. The projection suggests that SOL may face resistance before a possible correction, followed by a rebound in later sessions.
Rising Wedge Formation and Price Action
The chart from September 3, 2025, shows Solana consolidating within a rising wedge pattern. Price action highlights steady higher lows and higher highs since early summer. This formation indicates both strength and caution, as such patterns often precede sharp breakouts or pullbacks.
Solana reached an intraday high of $210.45 before settling slightly lower at $208.70. The projected chart path indicates a short-term climb toward $240, followed by a retracement. Analysts identify $208 as immediate support, with $250 acting as a potential resistance barrier in September.
Market observers note that Solana has advanced significantly in recent months. From lows near $10 last year, the token surged to above $300 before settling lower. The $208 level now represents an important pivot, balancing between continued upward momentum and corrective pressure.
On-Balance Volume and Momentum Indicators
The chart also highlights On-Balance Volume (OBV), recorded at 82.08M, which continues to trend higher with price action. Rising OBV reflects strong trading activity, supporting the case for sustained momentum. However, volume resistance near 90M remains a test that could define September’s outcome.
Relative Strength Index (RSI) also shows an upward slope, signaling consistent buyer demand. Yet, as RSI nears higher ranges, concerns about overbought conditions emerge. If RSI climbs too aggressively, traders may anticipate selling pressure to reenter the market.
Technical projections suggest that Solana could extend toward $240 before encountering renewed resistance. Should momentum weaken, a correction toward the $208 zone remains a likely possibility. This balance between volume and price will dictate whether bulls maintain control through September.
The wedge structure underlines both opportunity and risk. Breakouts above $250 could open paths to higher targets, but breakdowns below $208 may confirm a short-term correction. Traders remain alert to shifts in trading volumes and market sentiment that could accelerate moves.
Traders Watch September Path
September is expected to be a critical month for Solana’s price trajectory. Analysts believe the wedge structure may resolve decisively within weeks. The scenario includes a push toward $250 before a dip back to $208, with potential rebounds following soon after.
Solana’s recent history highlights its capacity for strong rallies. Between April and August, SOL moved from under $120 to above $200. This momentum, coupled with rising OBV, signals that demand for the token remains intact. Still, a pause may be needed after months of steady gains.
Market participants are questioning whether Solana will sustain its advance or face a necessary correction before attempting higher levels. The pivotal question is whether $208 will hold as support if September tests push prices back downward. The answer will shape how SOL positions itself for the remainder of the year.
The chart shared by IncomeSharks outlines this expected path clearly. A rally toward $240–$250 followed by a retracement could set the tone. For now, Solana trades in a delicate balance as traders await September’s defining moves.
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Solana Price Near $208 Targets $240 Before Key Support Test in September
Solana price trades at $208.77, with analysts projecting a climb toward $240 to $250 this September.
Technical charts show a rising wedge pattern with $208 acting as support and $250 as near-term resistance.
OBV stands at 82.08M as trading activity signals momentum while traders prepare for possible September corrections.
Solana is trading near $208.77, with analysts expecting a potential move between $208 and $250 during September, based on technical indicators. The projection suggests that SOL may face resistance before a possible correction, followed by a rebound in later sessions.
Rising Wedge Formation and Price Action
The chart from September 3, 2025, shows Solana consolidating within a rising wedge pattern. Price action highlights steady higher lows and higher highs since early summer. This formation indicates both strength and caution, as such patterns often precede sharp breakouts or pullbacks.
Solana reached an intraday high of $210.45 before settling slightly lower at $208.70. The projected chart path indicates a short-term climb toward $240, followed by a retracement. Analysts identify $208 as immediate support, with $250 acting as a potential resistance barrier in September.
Market observers note that Solana has advanced significantly in recent months. From lows near $10 last year, the token surged to above $300 before settling lower. The $208 level now represents an important pivot, balancing between continued upward momentum and corrective pressure.
On-Balance Volume and Momentum Indicators
The chart also highlights On-Balance Volume (OBV), recorded at 82.08M, which continues to trend higher with price action. Rising OBV reflects strong trading activity, supporting the case for sustained momentum. However, volume resistance near 90M remains a test that could define September’s outcome.
Relative Strength Index (RSI) also shows an upward slope, signaling consistent buyer demand. Yet, as RSI nears higher ranges, concerns about overbought conditions emerge. If RSI climbs too aggressively, traders may anticipate selling pressure to reenter the market.
Technical projections suggest that Solana could extend toward $240 before encountering renewed resistance. Should momentum weaken, a correction toward the $208 zone remains a likely possibility. This balance between volume and price will dictate whether bulls maintain control through September.
The wedge structure underlines both opportunity and risk. Breakouts above $250 could open paths to higher targets, but breakdowns below $208 may confirm a short-term correction. Traders remain alert to shifts in trading volumes and market sentiment that could accelerate moves.
Traders Watch September Path
September is expected to be a critical month for Solana’s price trajectory. Analysts believe the wedge structure may resolve decisively within weeks. The scenario includes a push toward $250 before a dip back to $208, with potential rebounds following soon after.
Solana’s recent history highlights its capacity for strong rallies. Between April and August, SOL moved from under $120 to above $200. This momentum, coupled with rising OBV, signals that demand for the token remains intact. Still, a pause may be needed after months of steady gains.
Market participants are questioning whether Solana will sustain its advance or face a necessary correction before attempting higher levels. The pivotal question is whether $208 will hold as support if September tests push prices back downward. The answer will shape how SOL positions itself for the remainder of the year.
The chart shared by IncomeSharks outlines this expected path clearly. A rally toward $240–$250 followed by a retracement could set the tone. For now, Solana trades in a delicate balance as traders await September’s defining moves.