Solana Price Braces for a Rally to $300 as Funding Rate and TVL Spike

Highlights:

• Solana price has fallen sharply to $211 mark.
• The SOL derivatives data signal a potential rally with a positive long-to-short ratio.
• Crypto analysts see a rally to $300 as bullish momentum builds. 

The Solana price has decreased 1% over the past 24 hours to trade at $211. The trading volume is creeping in with some momentum, up almost 1% to $13.74 billion. Meanwhile, Solana (SOL) is among the better-performing cryptocurrencies, experiencing positive market action. Recently, approximately 18.56 million SOL tokens, worth $4 billion, were amassed within the price range of $180, according to Ali Martinez.

This massive buildup is indicated by the Cost Basis Distribution Heatmap, which reveals that high levels of supply are clustered at high prices. This trend suggests that large investors or institutions are securing their positions in anticipation of a further price increase.

18.56 million Solana $SOL, worth nearly $4 billion, were accumulated at around $180! pic.twitter.com/1a0oi3cOFH

— Ali (@ali_charts) August 29, 2025

On the other hand, the Solana blockchain has experienced considerable growth in Total Value Locked (TVL) in DeFi, surging by 1.42% to $ 11.52 billion. The case of Solana is underscored by the significant increase in DEX volume, which has reached $5.085 billion, indicating a notable rise in platform usage for decentralized exchanges. Furthermore, other key values, such as app revenue (7.54 million) and app fees (15.23 million), further underscore the growing ecosystem of Solana. This data, spanning from 2022 to 2025, highlights a notable upward trend in Solana within the DeFi sphere.

On the other hand, the OI-Weighted Funding Rate shows that traders are becoming increasingly optimistic. The rate has been maintaining a level of around 0.0054, indicating that there are more long-term positions than short-term positions. 

Apart from the OI-weighted Fund, the SOL Long/Short Ratio chart, long positions have been on a steady rise over the past month. The green bars on the chart indicate the prevalence of long positions, particularly when the ratio has exceeded 1.0. Often, when the volume of buying exceeds the volume of selling, it means a high level of investor confidence that the Solana price will experience a bullish run.  

Solana Price Targets $300 After Breaking Out of a Triangle

Along with the growing long positions, the technical indicators show the potential for further increase. Furthermore, the key zones at $182 and $157 tilt the odds in favour of the bulls. 

The RSI (Relative Strength Index) of Solana currently stands at 59.87, indicating a comparatively neutral position. This further suggests that the token is in a healthy rising trend without overboughtness. If the Solana price continues to rise, the next primary target is the resistance level around $245-$260. This is where the price could face some selling pressure. If there’s a pullback, strong support levels are likely near $197 and $182, areas where buyers may step back in. According to a well-known analyst, Ali Martinez, ”the SOL price could soon target $300.”

Solana $SOL breaks out of a triangle, targeting $300! pic.twitter.com/B8oJTPKdNm

— Ali (@ali_charts) August 28, 2025

Traders should watch how the price reacts near the $245 resistance. If bulls break above it, the rally could continue even further.