Solana price hits $216: bullish breakout signals $300 target

By Sajjal Ali - Crypto Journalist
Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
Solana
Cover illustration/art via BTCRead. Image combines content, which may include AI-generated ideas.

Solana SOL is currently trading at $216.32, a 2.01% gain from the previous 24 hours. Trading volumes are at $12.65 billion, a slight drop of 0.12%. The coin has gained by 18.1% within the last seven days, a healthy indication of investor confidence and new momentum in the market.

Source: CoinMarketCap

Technicians see a successful breakout over the $200–210 area, a ceiling that held prices for weeks. The chart formed an ascending triangle, now leaning bullish. If it can stay above this area, technicians see near-term targets at $225 and medium-term at $275 to $300. Speculators see this as a potential 30–50% profit.

Investors eye momentum and market volatility

CoinCodeCap Trading notices that the price of Solana shows resilience at short, medium, and long-term periods, all of which are positive trends. The RSI is stable, and a continuation of the upward trend is projected by the MACD. Key areas of support are at $180 and $160, and resistance at $225, $275, and $300.

This breakout has come after weeks of horizontal movement. Now, the main question is whether or not Solana will be able to cross higher resistance levels. Staying above $200 is very essential, a fall below it may slow down the trend and result in more volatility in prices. Investors are keeping a close eye as the momentum persists.

Source: X

SOL price predictions for 2025

DigitalCoinPrice forecasts that Solana could jump much higher and hit around $475.87 by December of 2025. They feel that Solana could initially bounce back and hit its last all-time high of around $294.33 and then jump higher into the $429.29 and $475.87 figure, a new all-time high.

Conversely, Changelly provides a more conservative outlook. They believe that the price of Solana in 2025 will fall anywhere between $169.40 and $193.40, and the average around $217.40. This would actually translate into a minor decline of approximately –5.6%. They also see a price of around $210.14 for August 2025.

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Sajjal Ali is a freelance writer & editor with 5 years of experience in crypto, tech, and statistical writing. Susan holds a bachelor’s degree in science (BSc).
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