Solana’s rally looks stronger this time: 2 reasons behind SOL’s $250 push

ambcryptoPublished on 2025-09-14Last updated on 2025-09-15

Key Takeaways

Solana’s rally is being driven by strong spot demand, with both retail investors and institutions showing aggressive accumulation. Futures markets remain cautious.


Solana [SOL] has been on a tear lately, and this time the rally isn’t just about hype or leveraged bets.

Galaxy Digital picked up SOL in huge numbers this week, showing just how strong spot demand has been. Even though Open Interest is climbing back near its January highs at $16.5B, Futures traders are still cautious.

Source: CoinGlass

That makes this move feel more like steady accumulation. With retail leading the charge and institutions holding steady, Solana could be setting up for a healthier uptrend.

Spot buyers step in, Futures stay cautious

Solana’s 90-day Spot Taker CVD showed steady, persistent buying pressure, a sign of accumulation by retail investors.

solanasolana

Source: Cryptoquant

In contrast, the Futures Taker CVD has stayed mostly flat; leveraged traders are neither leaning heavily long nor short.

solanasolana

Source: CryptoQuant

Retail participation is driving the move, while futures markets remain balanced. This is a setup that gives Solana’s rally a healthier foundation.

Institutions choose SOL

Big money isn’t staying out of this rally, either.

Just this week, Galaxy Digital bought $1.19 billion worth of SOL, adding weight behind Solana’s spot-driven momentum.

solanasolana

Source: X

Even more telling is how steady their inflows have been; in the last 10 hours alone, they picked up 325,000 SOL worth $78 million, following yesterday’s 933,000 SOL haul in just nine hours.

Institutional conviction is building alongside retail demand.

RSI stretched but momentum stayed firm

At press time, Solana traded at $247.25, holding close to the upper end of its recent rally.

The RSI placed SOL firmly in overbought territory, yet showing no immediate signs of reversal pressure. Meanwhile, OBV climbed steadily, proving that the move was backed by strong buying interest.

solanasolana

Source: TradingView

The consistent series of higher candles showed intact bullish momentum, even as price approached the $250 mark. Overall, SOL’s short-term outlook remains robust, but a cooling phase is possible.

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