Solana is trading around $203.35, showing steady momentum as the broader crypto market attempts to recover from earlier volatility.
Despite short-term fluctuations, SOL remains a top performer among altcoins, supported by high network activity, expanding DeFi usage, and strong developer engagement.
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Solana Next Target
- Price: $203.35
- Market Cap: $93.25 billion
- 24-Hour Trading Volume: $3.45 billion
- Circulating Supply: 458.9 million SOL
- Total / Max Supply: 580 million SOL
Price remains in an Uptrend. It bounced up from support (200 SMA and $175) and has now broken back above $200 resistance. Potential upside back to $275-$300 for +30-50% potential gain. That $300 level is the 52-week high from Dec 2024.
There have been several Solana-focused Treasury companies buying SOL. Most recently, Forward Industries seeks to raise additional $4B for its Solana-Focused Treasury.
That’s on top of the $1.6B they’ve spent to acquire 6.8M SOL. Currently, 15.8M SOL tokens have been acquired by SOL-focused Treasury companies. That’s 3% of supply.
Key Indicators & Market Signals
- Support is currently found near $195–$198, with strong resistance at $210–$215.
- RSI stands at 55, suggesting mild bullish momentum with room for growth.
- Solana continues to trade above its 50-day moving average, indicating sustained mid-term strength.
- Transaction volumes and active wallet counts remain stable, signaling continued ecosystem health.
- DeFi TVL (total value locked) on Solana has increased over the past month, reflecting rising investor confidence.
Latest News Highlights
- Solana developers are preparing for a new network optimization upgrade aimed at improving validator performance.
- Several gaming and NFT projects have launched on Solana this month, boosting ecosystem visibility.
- Analysts expect SOL to maintain leadership among Layer-1 blockchains due to its speed and cost efficiency.
Summary
Solana trades at $203.35, with key support around $195 and resistance near $215. A breakout above resistance could open the path to $230–$240, while failure to hold support might trigger a pullback toward $185–$190.
With strong fundamentals, high transaction throughput, and ongoing network upgrades, Solana remains one of the most promising blockchain platforms to watch heading into late 2025.
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