Solana Price rises 2% on the claim “New Wall Street” from Bitwise

The Solana price has risen 2% in the last 24 hours to act at $ 230 from 4 hours Est on a national purchase of the daily trade volume to $ 8.96 billion.

That comes after Bitwise Cio Matt Hougan called Solana the ‘New Wall Street’, which brings the growing role of the network in the finances. The statement, in combination with major Treasury News and industrial partnerships, has put the visibility of the currency and put on new investors.

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

– Solana (@Solana) October 3, 2025

The praise from Matt Hougan is not just empty words. He compared the path of Solana with the historical price increases of Bitcoin and Ethereum, predicting a similar cycle such as important ETFs (listed funds) and upgrades will soon go live.

Solana’s technology is an important point of discussion. The next Alpine Glow -Upgrade strives for transaction determination in just 100-150 milliseconds, much faster than many rivals. Hougan also emphasized huge investments: Pantera Capital has more than $ 1.1 billion in Sol and MultiCoin Capital, through its Treasury Partnership, supports the position of Solana as a backbone for Global Finance.

Insiders from the industry say that this focus on speed and reliability SOL is a go-to choice for financial institutions that want shares, bonds and more Tokenise.

Traders and investors now consider Sol more than just a cryptocurrency. Important voices in Finance expect that new ETFs and on-chain products will push the price of Solana higher if institutional money will be on the market.

Activity on the chain shows the growing demand for Solana

Data on the chain support the bullish story. Wallet addresses that keep SOL rise, with less sol kept on exchanges and moved more to self-herb and long-term possession. This shows that users have faith in future growth and prepare for possible rewards as the market grows up.

New treasury movements help explain the shift. Nasdaq-Listed Sharps Technology, the second largest corporate solvest holder, has just announced a $ 100 million share purchasing program after he had bought more than $ 400 million in Sol earlier this year.

🚨 Sharps Technology (Nasdaq: STSS), the 3rd largest Solana Treasury with $ 400 million+ $ Solannounces a share purchasing of $ 100 million pic.twitter.com/cqylrzzncs

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

This repurchase is aimed at stimulating the shareholder value and signals believe in the use of Solana and both a cash reserve and a strategically active. The deal, which also included buying Sol with a discount, ensures that other companies are considering similar treasury strategies.

In the meantime, institutional partnerships continue to roll in. Crypto.com, a TOP Global Beurs, works together with SOL strategies to integrate validator services and to safely lead company vessels with Sol as a backbone.

Industrie leaders expect these movements to stimulate overall network participation.

Solana keeps strong and eyes breakout

Looking at the weekly price card, Solana shows considerable strength after bouncing important support levels. The price zone of $ 182.74, the 50 -week simple advancing average (SMA), has acted as a reliable support, where buyers enter several times when the price near this level dropped.

Solusd -Analysis Source: TradingView

Sol now acts well above both the 50-week and 200 weeks SMA ($ 101.89). Recent price promotion shows that as soon as the coin approaches the lower part of its trend channel, new buyers appear, which means that the price returns sharply to the $ 230 resistance.

In the meantime, the relative strength index (RSI) is at 60.84. This suggests Momentum prefers the bulls, but is not overbought yet, so that remains room for further profit. The MacD is positive, with the blue line (16.78) above the orange signal line (10.61), which shows that buyers are in control. Both lines that are in the positive area contribute to the Bullish Case.

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

Resistance is at $ 240 – $ 245. If Sol breaks this range, the following target can be the recent high at $ 295. Conversely, support is at $ 182.74 (50 weeks SMA) and then much lower at $ 101.89 (200 weeks SMA). If the price falls below $ 182, the sale can speed up, but a strong institutional interest suggests that buyers will probably defend this zone.

If the current momentum applies, the price of Solana can soon hit the resistance, especially if ETF approvals and new treasury movements offer an extra push. But a drop below $ 182 could activate a short correction before buyers return.

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