Solana Price Forecast - SOL-USD Extends 25% Rally as ETF Bets and Treasury Buys Fuel Bullish Run

Solana (SOL-USD) Surges Past $220 as ETF Hopes and Treasury Accumulation Drive Bullish Momentum

Profit-Taking Risks Surface as Unrealized Gains Climb

While momentum is strong, caution signals are emerging. Glassnode data shows Solana’s Net Unrealized Profit/Loss (NUPL) hit 0.321 on September 9, its second-highest level in a month. The last time this occurred, SOL corrected 8% within days. Exchange outflows also weakened sharply, dropping 84% between September 6 and September 9, despite price climbing from $200 to $217. This divergence — waning inflows as price rises — suggests early profit-taking may already be underway. Bearish RSI divergence reinforces the possibility of a short-term pullback if SOL fails to hold above $207.

Competition From New Narratives: Layer Brett and Remittix

Despite Solana’s dominance, capital rotation is a theme. Investors in BONK and WIF, two Solana-based meme tokens, are increasingly reallocating into Ethereum Layer 2 projects like Layer Brett ($LBRETT). With $2 million raised at $0.0053 per token and staking yields in the thousands of percent, Layer Brett’s meme-infrastructure hybrid is siphoning speculative money. Similarly, Remittix (RTX), a PayFi token targeting the $19 trillion remittance market, has raised $24.7 million and secured BitMart and LBANK listings. Priced at $0.1050 with 653 million tokens sold, RTX appeals to investors seeking high-velocity growth narratives. While these tokens are no threat to Solana’s institutional positioning, they represent real competition for retail capital chasing outsized returns.

Long-Term Outlook: Scaling Challenges Versus Institutional Tailwinds

Solana’s challenge lies in balancing institutional adoption with technical execution. Past network congestion episodes have raised concerns, though upgrades in 2025 have stabilized throughput. With 30-day volume exceeding Ethereum’s on multiple occasions and DeFi total value locked (TVL) nearing $13 billion, Solana’s fundamentals are gaining legitimacy. If ETF approvals materialize and treasury allocations sustain, SOL’s climb toward $330–$400 is realistic over the next 6–12 months. However, the risk of short-term corrections around $207 remains elevated as speculative traders take profits.

Verdict: Buy on Dips
At $222, Solana is up 25% in 30 days and sits 24% below its all-time high of $293.31. While near-term risks of profit-taking are real, the structural catalysts of ETF inflows, billion-dollar treasury allocations, and rising liquidity argue for further upside. Accumulation below $210 offers a favorable risk-reward for long-term holders targeting $330–$400, making Solana (SOL-USD) a Buy on dips with a bullish bias.

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