Solana Poised for Breakout as Charts Mirror BNB Rally

Solana (SOL) is showing signs of a breakout that could echo Binance Coin’s (BNB) stunning surge earlier this year. Both tokens have moved in near lockstep since 2024: rallying hard, cooling off in long consolidations, and then preparing for fresh highs.

BNB reclaimed its record price in August before racing past $1,000. Now Solana is approaching a similar moment, with a push above $295 likely to fuel a new rally. Analysts suggest this could set the stage for a much larger move, with long-term targets pointing toward $540, more than 120% above today’s levels.

Magic, GPUs, and a Meltdown: These 2 Weeks’ Crypto Movers

Over the last two weeks, Myx Finance (MYX) rocketed 170%, turning heads as its upcoming V2 made whales act like it’s Black Friday. Nosana (NOS) scored 110%, proving that even GPUs need a side hustle. Merlin Chain (MERL) rose 103%, pulling off real magic in the Bitcoin DeFi space. On the other end, Four (FORM) plunged 64%, showing that not every story arc ends with a hero: sometimes it’s just a pratfall.

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The block above shows each coin’s price as of September 22, along with its 7-day change.

What’s Shaped the Market in the Past 2 Weeks

A Fed rate cut, record-breaking XRP and Dogecoin ETFs, massive token unlocks, and Bitcoin’s surge past $116K—the past two weeks have been anything but quiet for crypto.

Fed Sparks Risk Rally

The Fed cut interest rates by 25 basis points (to ~4.00-4.25%) on Sep 17. This is its first cut of 2025. Along with that, there are expectations of further cuts (though no consensus on magnitude or timing) which tends to increase the appeal of “risk assets” like crypto. Lower rates reduce yields on fixed-income, “safe” assets, making alternative investments (crypto, gold, etc.) more attractive.

XRP and Dogecoin ETFs Smash Debut Expectations

The first US ETFs for XRP and Dogecoin launched with a combined $54.7M in day-one trading: it’s far above the ~$1M typical for new funds. The XRP ETF (XRPR) led with $37.7M, marking the biggest debut of any 2025 ETF. The Dogecoin ETF (DOJE) surprised as well, closing at $17M in volume, placing it among the year’s top five launches. Analysts say the strong start signals rising demand for regulated crypto investment products.

Billion-Dollar Token Unlock Season

September is seeing one of the largest waves of token unlocks in 2025 ($4.5B) which can add selling pressure.

Bitcoin Climbs Past $116K

Bitcoin has been climbing, reaching over $116,000, recovering from dips and showing momentum (futures premiums, liquidity around certain support levels). Analysts are watching key support/resistance zones ($114,000+) and anticipating potential breakouts.