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Will September bring luck for Solana (SOL)? History reveals a surprise.
September often brings good luck for Solana (SOL). In recent years, this month has witnessed SOL having some of the strongest bullish rallies, building a reputation for summer's late surge.
But when September 2025 begins, will history repeat itself or will Solana take a different direction?
Achievements of September
In 4 of the last 5 years, SOL ended the month in the green, with returns of 29% in 2021, 8.2% in 2023, and 12.5% in 2024.
The average figures also confirm this, with an average monthly increase of 17% and a median profit of 10.6% in September.
T****he organization is pushing SOL higher
If seasonal performance is not enough, new data shows the strength behind this bullish trend. In August, the trading volume of SOL perpetual futures reached an all-time high of 43.88 billion dollars, regaining the momentum seen at the end of 2024.
!()https://img-cdn.gateio.im/webp-social/moments-6035ef1b5baeafcf685421c58f2d5224.webp[SOL]The trading volume of perpetual futures contracts for SOL | Source: SolanaFloorAt the same time, institutional investors are accumulating strongly. The Strategic SOL Reserve report (Strategic SOL Reserve) states that there are currently 13 entities holding 8.27 million SOL (worth 1.72 billion dollars), accounting for 1.44% of the total supply. Notably, over half a million SOL (104 million dollars) have been staked, yielding nearly 7%.
Crucial Moments Ahead
Overall, Solana seems to be entering a decisive month. At the time of writing, SOL is holding around $204, fluctuating above key support levels according to volume profiles around $195.
!()https://img-cdn.gateio.im/webp-social/moments-035294de76b2ab9023f15b9577cd9cd5.webp[sol]Source: TradingViewThe RSI index is at the level of 56, neither overbought nor oversold. Meanwhile, the Bollinger Bands are starting to tighten, so there is a possibility of a period of volatility contraction, which often occurs before a decisive price movement.
If the buyers break through the resistance level at 215 dollars, the bullish momentum could push SOL up in September. However, if the support at 195 dollars is broken, the likelihood of a retest of the 185 dollars area is very high.
Ding Ding