Solana's Future in September: Historically Favorable?

Solana, the popular blockchain platform, is preparing for September, a month that has historically been one of its strongest. Over the past few years, Solana has seen some of its strongest rallies in this month, with an average monthly gain of 17%.

Recent data suggests that momentum is tilted towards the bulls for Solana in September 2025. The Strategic SOL Reserve reports that 13 entities now hold 8.27 million SOL, equivalent to 1.44% of the total supply and worth $1.72 billion. This significant acquisition represents a potential vote of confidence in Solana's future. However, it's important to note that the institutions acquiring these tokens remain unnamed in the provided search results.

As of the 30th of August, 90% of Solana's supply was in profit. This bullish sentiment is further supported by the Perpetual Futures Trading Volume of SOL, which hit an all-time high (ATH) of $43.88 billion in August.

The Bollinger Bands for Solana are beginning to tighten, suggesting a potential volatility squeeze. This could mean that Solana's price movements may become more predictable in the coming days, offering a clearer picture of the market's direction.

However, September is a make-or-break month for Solana. If support at $195 breaks, a retest of the $185 zone is likely. On the other hand, a decisive move could occur if buyers push past the resistance at $215, potentially carrying SOL higher into September.

It's worth noting that no information about a potential Trump-style crash or Ethereum's staked share was provided in the current paragraph. The RSI for Solana is currently at 56, neither overbought nor oversold, indicating a balanced market.

Over half a million SOL was staked, earning nearly 7% yields. The median return for Solana in September is 10.6%, with Solana posting returns of 8.2% in 2023, 12.5% in 2024, and a staggering 29% in 2021.

Solana is holding steady around $204, hovering above key support levels around $195. As we move into September, investors will be watching closely to see if Solana can continue its bullish trend or if we'll see a shift in the market dynamics.