From the price performance perspective, as of September 18, 17:35, the price of SOL is $246.32, with a 24-hour rise of 4.73%, a volatility of 6.79%, reaching a maximum of $247.99 and a minimum of $232.23. By September 19, the price of SOL is approximately $244.77, with a 24-hour rise of 3.31%.
Technical analysis shows that on the four-hour chart, the SOL trading price is above the key exponential moving average, with the 200 EMA acting as dynamic support around 200 USD. On the daily level, SOL has successfully broken through the symmetrical triangle consolidation pattern, the MACD indicator maintains a golden cross, and the RSI stabilizes in the 55-60 range, indicating strong bullish momentum.
In addition, the market has high expectations for the approval of the Solana spot ETF in October, with institutional funds pouring in on a large scale. Forward Industries raised $1.65 billion to build the Solana treasury, and these factors have supported the price of SOL.