Key Highlights:
- Solana’s price hit the $216 mark today.
- Critical resistance is set at the $210 mark. If the momentum continues, there is a possibility that the token price may hit the $260 mark.
- Even though the token has experienced a surge in its price, the daily decentralized exchange traders have decreased.
$SOL token, native token for the Solana blockchain, has hit the $216 mark today August 28, 2025, marking its highest level in 206 days since February 4, 2025. This development positions Solana as one of the top 20 gainers in cryptocurrency world today.
Robinhood Listing Amplifies Retail Access
Yesterday, August 27, 2025, Robinhood, a well-known U.S. based brokerage platform, announced expansion of its crypto futures trading offerings on X (formerly known as Twitter).
Micro futures contracts allow traders to take directional positions on cryptocurrencies with significantly smaller contract sizes and collateral. In this way, future trading becomes more accessible and flexible for its retail investors. These contracts help users to speculate the price of the token or hedge the existing positions.
Robinhood first added Bitcoin and Ethereum futures in early 2025 and now it has expanded spot trading for Solana and other coins for direct buying and selling. It is also a huge move because, recently the platform also bought Bitstamp, a well-known crypto exchange, and WonderFi, a Canadian crypto platform. This will make its crypto ecosystem bigger and stronger. As there will be more access, the demand will be more for the Solana tokens.
Price Momentum and Technical Outlook
As of now, the price of the token stands at $213.86 with an uptick of 5.49% in the last 24 hours as per CoinMarketCap.
As of late August, Solana is trading between $208 and $216, and this surge indicates a 15% surge in the last seven days. According to a crypto analyst Jussy, the $210 price level is a pivotal point and believes that a daily close above this resistance level could easily trigger a surge towards the $260 mark.
On the other hand, another crypto analyst, The Wolf of All Streets, posted on X and stated that the price of Solana (relative to Bitcoin) has reached a key resistance or support level. This is usually a turning point where the market decides whether Solana will go up or down. If Solana’s price moves above the resistance level, Solana can easily lead the next big rally in alt coin season. This will bring in a lot of attention and investment.
ETF Decision Extended but Anticipated
A decision regarding the Solana spot ETF applications was to be expected by September, however it has been pushed by the SEC to October 16, 2025. Fund managers such as Bitwise, VanEck, and 21Shares have submitted spot Solana ETF proposals currently awaiting the regulator’s verdict.
With this investment vehicle, investors will be able to monitor how Solana’s price and trading volumes change and evolve given the retail enthusiasm from Robinhood’s futures and institutional interest. This approval can act as a catalyst and drive volatility on the basis of its outcome.
Decline in Solana DEX Traders Signals Shifting Retail Behaviour
Even though the price of the $SOL token is holding strong, the activity, however, on the network seems to be shifting. It has been observed that for the fourth day in a row, less than 1 million people traded on Solana’s decentralized exchanges (DEXs). This is a big drop compared to last year’s data when millions were trading daily.
This indicates that regular investors are pulling back. This could also be related to the concerns surrounding the meme coin scams or it could be because people are just holding their coins for long-term. The trading volumes are still high but they are majorly driven by big players such as institutional investors and whales, and less by the retail investors.
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