Solana Price increases by Bitwise’s “New Wall Street” by “New Wall Street”

The Solana price has climbed 2% in the last 24 hours to negotiate at $ 230 to 4 hours HNE over a downward drop in the daily negotiation volume at $ 8.96 billion.

This comes after the IOC of Bitwise Matt Hougan called Solana as “New Wall Street”, highlighting the growing role of the network in finance. The declaration, twinned by news and industrial treasury partnerships, has pushed the visibility of the medal and attracted new investors.

“Solana is the new Wall Street” – @Matt_houganCio @Bitwisinvest pic.twitter.com/gnfeu8pbdr

– Solana (@Solana) October 3, 2025

Matt Hougan’s praise is not only empty words. He compared the Solana path to the overvoltages of the historic prices of Bitcoin and Ethereum, predicting a similar cycle if the key ETFs (funds negotiated in exchange) and the upgrades are soon online.

Solana’s technology is a subject of main discussion. Its next leveling of Alpenglow aims at the regulation of transactions in just 100 to 150 milliseconds, much faster than many competitors. Hougan has also highlighted massive investments: Pantera Capital has more than $ 1.1 billion on the ground, and Multicoin Capital, via its treasury partnership, supports Solana’s position as a dorsal spine for global finance.

The initiates of the industry claim that the emphasis on speed and reliability makes soil an essential choice for financial institutions seeking to tokenise the shares, the obligations, etc.

Traders and investors now consider soil as a simple cryptocurrency. Large voices in finance expect new ETFs and chain products to push Solana’s price as institutional money enters the market.

Chain activity shows an increasing demand for Solana

The data on the chain support the Haussier story. Holding Sol portfolio addresses are increasing, with less soil on exchanges and more transferred to self-works and long-term detention. This shows that users are confident about future growth and are preparing for possible staging awards as the market ripens.

The new treasury movements help explain the change. The technology of craft objects listed at NASDAQ, the second largest business soil holder, has just announced an equity buyback program of $ 100 million after buying more than $ 400 million on ground earlier this year.

🚨 Terchant object technology (NASDAQ: STSSS), the 3rd largest Treasury in Solana with $ 400 million + $ Soilannounces a share repurchase of $ 100 million pic.twitter.com/cqylrzzncs

– The Solana Post (@thesolanapost) October 2, 2025

This redemption aims to stimulate shareholders’ value and signals confidence by using So Solana as a cash reserve and a strategic asset. The agreement, which also involved the purchase of soil at reduced prices, means that other companies are considering similar cash strategies.

Meanwhile, institutional partnerships continue to drive.

Industry leaders expect these movements stimulating the overall participation of the network.

Solana holds a strong rupture and eyes

Looking at the weekly price painting, Solana shows a significant force after having bounced from the main levels of support. The price zone of $ 182.74, the 50 -week simple mobile average (SMA), acted as a reliable support, buyers intervene several times when the price has dropped near this level.

Solusd Source Analysis: TradingView

Sol is now negotiated well above the SMA of 50 weeks and 200 weeks ($ 101.89). A recent price action shows that as soon as the part approaches the lower part of its trend channel, new buyers appear, causing the price rebound to the resistance of $ 230.

Meanwhile, the relative resistance index (RSI) is 60.84. This suggests that the momentum promotes bulls but is not yet exaggerated, leaving room for other gains. The MacD is positive, with the blue line (16.78) above the Orange signal line (10.61), showing that buyers remain in control. The two lines being in the positive territory add to the increased case.

The average directional index (ADX) is 17.35, which is relatively low, suggesting that, even if an upward trend is present, it could become even stronger if the volume increases in the coming weeks.

Resistance is $ 240 to $ 245. If Sol breaks this range, the next target could be the recent summit at $ 295. Conversely, the support is at $ 182.74 (SMA of 50 weeks), then much lower at $ 101.89 (200 -week SMA). If the price falls below $ 182, the sale can accelerate, but solid institutional interests suggest that buyers are likely to defend this area.

If the current dynamics hold, the price of Solana could soon unravel the resistance, especially if ETF approvals and new cash movements provide an additional thrust. But a drop of less than $ 182 could trigger a short correction before buyers’ return.

Related items:

Best wallet – diversify your crypto wallet

• Easy to use cryptographic wallet, easy to use
• Get early access to ICO to toys to come
• Multi-chaînes, multi-walk, non-guardians
• Now on the App Store, Google Play
• Pape to win the native token $ the best
• 250,000+ monthly active users