Overview

• After a run of more than 50% since August, SOL is consolidating in the $230–$240 range following a recent high near $250.
• Lookonchain reports that FalconX withdrew 413,075 SOL (about $98.4 million) from Binance, OKX, Coinbase and Bybit, signaling large off-exchange positioning.
• Institutional interest also features a reported ~$1.65 billion Solana treasury effort by Forward Industries working with Galaxy Digital.
• Analysts cite a constructive setup with price above short-term moving averages and bullish RSI/MACD signals supporting the case for further upside if support holds.
• Key levels are $230–$232 as support and $238–$250 as resistance, with targets near $270–$300 on a breakout and risks toward $213 or $200–$185 on a breakdown, while a U.S. Fed rate decision today and meme-coin activity could sway momentum.