Solana (SOL) Set to Rip Higher as Golden Cross Appears on Chart

TL;DR Golden cross forms on SOL/BTC, signaling a possible bullish reversal as the price nears the key resistance zone. 18.56M SOL worth $4B accumulated near $180, creating strong support for long-term ￰0￱ Development Corp expands treasury with $77M Solana buy, lifting total holdings to 1.83M ￰1￱ Cross Flashes on SOL Solana (SOL) is changing hands at $206 with a daily trading volume of more than $13 ￰2￱ token slipped 3% over the last 24 hours but is still almost 12% higher than a week ￰3￱ the SOL/BTC chart, a golden cross just ￰4￱ short-term moving average has crossed above the long-term average, a signal often linked to growing ￰5￱ analyst Mikybull said, $SOL IS ABOUT TO RIP HIGHER GOLDEN CROSS JUST FLASHED ON HARD TO IGNORE THIS ￰6￱ — Mikybull Crypto (@MikybullCrypto) August 29, 2025 SOL is now trading near 0.00189 BTC, approaching a descending resistance line.

A push through 0.0020 BTC with volume would confirm ￰7￱ to do so could see the pair range sideways under that ￰8￱ Views Remain Split Daan Crypto Trades pointed out that Solana’s recent rally has been helped by new treasury vehicles and accumulation from larger ￰9￱ noted that the price is testing resistance that has stopped previous rallies. “Rising wedges are generally leaning bearish but in bull markets it’s nothing new for these to break towards the upside instead,” he ￰10￱ are more ￰11￱ commented , “Although $SOL is showing incredible strength, I don’t think we’ll reach the targets that some people are saying of $400-500 in this cycle.” They pointed to Solana’s token inflation and market cap already sitting above the 2021 ￰12￱ Around $180 On-chain data suggests heavy buying interest at specific ￰13￱ Martinez reported that 18.56 million SOL, worth nearly $4 billion, were picked up for around $180.

Another 8.67 million SOL were accumulated near $189–$190. These clusters show where large holders built positions and may set support.) confirmed the purchase of 407,247 SOL for about $77 million at an average of $189. The buy lifted its total holdings to 1,831,011 SOL, now valued at roughly $371 ￰14￱ firm still has $40 million in cash for future Solana ￰15￱ reported by CryptoPotato , retail sentiment has turned strongly ￰16￱ from Santiment shows bullish commentary outweighing bearish by 5.8 to 1, the most upbeat reading since ￰17￱ note that while optimism supports rallies, extreme sentiment has sometimes come before pullbacks.