Solana Soars Close to Record: What Could Drive Prices in 2025?Crypto markets are betting big on Solana — the Ethereum rival pressed higher even as the broader digital-asset market pulled back last week. Now Solana needs a few stars to align so it could rocket to a fresh all-time high, surpassing its 2021 record of $260. And by the common consensus, record territory could be a few sessions away while a fuller, hulking dominance could be on the cards for 2025.
Solana SOLUSD is on a roll. Early on Tuesday, Solana neared its record high of $260 set back in 2021 when crypto bros were going all in on their favorite coins (birthing some meme coins in the process.)
The Solana token, which runs on the layer-1 blockchain of the same name, shot up to $245, staging a monster recovery from $8 a piece back in January 2023 when crypto markets were reeling from the fabulous implosion of Sam Bankman-Fried’s crypto exchange FTX and its sister company, trading house Alameda Research. (SBF was an early buyer of Solana, scooping it up for as low as 20 cents.)
Now Solana is no longer associated with the fallen crypto mogul who’s serving a 25-year prison sentence. Instead, the digital coin is running free and carving out its own reputation. And fast. Almost as fast as its ability to process transactions on the blockchain.
Solana is touted as a faster and cheaper alternative to Ethereum ETHUSD , the second-largest coin with a valuation of $375 billion. That’s some $260 billion more than Solana’s own market cap of about $115 billion.
Still, Solana’s gains outshine these of Ethereum:
Solana year-to-date gains: 142%
Ethereum year-to-date gains: 40%
Bitcoin year-to-date gains: 107%
Solana’s performance hinges on three very different sets of circumstances:
Its ability to handle the technical workload as a payment processor
Its infrastructure capacity for building up various projects
Its appeal as an investment asset (or why you’re here)
On the first one — payment processor — Solana boasts lightning-fast transactions to the tune of 50,000 per second. Ethereum? That’s about 15 to 45 transactions per second. Visa? A wide range between 1,500 and 65,000 (depends who you’re asking.) And Bitcoin gets you about 2 to 7 transactions per second (but no one really cares about this.)
With breakneck speed, Solana is shaping up as a worthy opponent to traditional payment processors, flexing high volumes in a decentralized environment.
On the second one — building grounds for projects — Solana is considered the go-to place to launch meme tokens based on dogs, cats and even politicians and business people. It has been handling these pretty well, considering the massive influx of dog-themed and Elon Musk-themed tokens.
On the third one — investing and trading — Solana is staring into exciting prospects for 2025. The cryptocurrency might get its own US spot exchange-traded fund soon and traders are buzzing from excitement. A Solana-based spot ETF could be a reality as soon as 2025 (most likely after Securities and Exchange Commission boss Gary Gensler gets fired.) Only two other cryptocurrencies have been granted permission to strut down the traditional ETF pathway — eleven Bitcoin ETFs and nine Ethereum ETFs .
Now that Donald Trump has secured another four years in the White House, the crypto industry expects big things to come its way.
The President-elect has embraced digital assets and even announced his own crypto gig — a Bitcoin strategic reserve . Which was shortly after complemented by the cost-cutting DOGE department led by Elon Musk.
All in all, Washington is expected to be super friendly to crypto, especially after large industry players such as Andreessen Horowitz and Coinbase spent $135 million backing more than 50 Congress candidates, most of them winning seats.
Where do you think Solana is heading next? Do you see lots of bullish momentum going into 2025? Or maybe you’re more inclined to believe it’ll come crashing down? Let us know your thoughts in the comments below!
SOLUSD.P trade ideas
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs:
Click chart above to see the detailed analysis👆🏻
In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
Solana roadmap to $400-$425Love SOL or hate it. $400-$425 is a magnet.
Solana is showcasing a textbook Cup and Handle pattern on the 2-day timeframe, signaling a potential bullish breakout. Here’s the breakdown:
1️⃣ The Cup Formation:
The base of the cup was formed between May 2022 and January 2023, marking a prolonged accumulation phase.
The lip of the cup rests around $225, a key resistance level tested multiple times.
2️⃣ Handle Consolidation:
After reaching the cup's lip, Solana entered a consolidation phase (the handle), with lower highs and higher lows forming a descending channel.
This phase typically indicates a preparation for the next major move.
3️⃣ Breakout Potential:
A breakout above the $225 resistance level confirms the pattern, opening the door for significant upside.
📈 Bullish Momentum:
With strong momentum and increasing trading volume, a breakout seems imminent.
Watch for confirmation of the breakout above $225 before entering positions.
Key Levels to Watch
Resistance (Breakout Zone): $225
Target Based on Cup Depth: $425
Support (Invalidation): $175 (below handle structure)
$SOL LONGFollowing the fractal pattern. Solana LONG is trending nicely above 99EMA and looking to start a parabolic advance.
Is SOL about to break into price discovery?SOL is about to hit the target of $249, which we mentioned at the beginning of November. Moreover, it could enter discovery mode with the price potentially breaking above the 2021 high. The very short-term trend remains bullish, above $236 per coin, and traders not already long might buy dips starting from $243.50, targeting $250 and $260 per coin.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
might be bullish on SolanaBeing "bullish" typically means expecting the value or usage of Solana to increase, or believing that Solana will continue to grow in terms of technology, adoption, or market performance.
Here are a few reasons why someone might be bullish on Solana:
Scalability and Speed: Solana is known for its high throughput, offering fast transaction speeds with low fees, making it attractive for developers looking to build decentralized applications (dApps) or DeFi protocols.
Growing Ecosystem: The Solana ecosystem has seen significant growth, with many projects being built on its blockchain, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
Developer Support: Solana has attracted a lot of developer interest because of its robust infrastructure and developer tools, which help facilitate the building of scalable and efficient applications.
Strong Partnerships and Adoption: Solana has formed various partnerships with major companies and blockchain projects, which could drive further adoption of its technology.
Innovation in Consensus: Solana uses a unique Proof of History (PoH) combined with Proof of Stake (PoS), which allows for greater scalability and faster processing times compared to other blockchains like Ethereum.
If you're bullish on Solana, you might be seeing these factors contributing to the future growth and success of the platform.
New ATH loading… $SOLMonthly cup and handle taking off!🚀
Solana showing signs of really taking off this weekend…
SOL (Solana) FundamentalsSOLUSD is a trading pair that represents the price of Solana (SOL) cryptocurrency in US dollars (USD). It's available on various cryptocurrency exchanges, allowing traders and investors to buy, sell, or trade SOL using USD.
Here are some key fundamentals to consider when analyzing SOLUSD:
SOL (Solana) Fundamentals
Technology: Solana is a high-performance blockchain platform known for its fast transaction speeds and low fees. It uses a unique Proof-of-History (PoH) consensus mechanism to achieve this.
Scalability: Solana's design aims to handle a large number of transactions per second, making it suitable for various decentralized applications (dApps).
Ecosystem: Solana has a growing ecosystem of dApps, including DeFi protocols, NFT marketplaces, and gaming platforms.
Tokenomics: SOL is the native cryptocurrency of the Solana network, used for fees, staking, and governance.
Factors Affecting SOLUSD Price
Market Sentiment: Overall market sentiment towards cryptocurrencies and Solana in particular can significantly impact the price of SOLUSD.
Network Performance: Any issues or disruptions on the Solana network can negatively affect the price.
Developer Activity: The level of development activity on the Solana platform can influence investor sentiment and price.
Regulatory Environment: Changes in regulations regarding cryptocurrencies can impact the price of SOLUSD.
Competition: Competition from other blockchain platforms, such as Ethereum, can affect Solana's market share and price.
How to Analyze SOLUSD
Technical Analysis: This involves studying price charts, patterns, and indicators to predict future price movements.
Fundamental Analysis: This focuses on analyzing the underlying factors that affect SOLUSD's value, such as network performance, ecosystem growth, and market sentiment.
Where to Trade SOLUSD
You can trade SOLUSD on various cryptocurrency exchanges, including:
Binance
Coinbase
FTX
Kraken
Important Considerations
Volatility: Cryptocurrencies, including SOL, are known for their high volatility. This means that the price of SOLUSD can fluctuate significantly in a short period.
Risk: Investing in cryptocurrencies carries inherent risks, including market volatility, security risks, and regulatory uncertainty.
Do Your Own Research (DYOR): Before investing in SOLUSD, it's crucial to conduct thorough research and understand the risks involved.
Disclaimer: This information is not financial advice. Please consult with a financial advisor before making any investment decisions.
SOLUSD is a tradingSOLUSD is a trading pair that represents the price of Solana (SOL) cryptocurrency in US dollars (USD). It's available on various cryptocurrency exchanges, allowing traders and investors to buy, sell, or trade SOL using USD.
Here are some key fundamentals to consider when analyzing SOLUSD:
SOL (Solana) Fundamentals
Technology: Solana is a high-performance blockchain platform known for its fast transaction speeds and low fees. It uses a unique Proof-of-History (PoH) consensus mechanism to achieve this.
Scalability: Solana's design aims to handle a large number of transactions per second, making it suitable for various decentralized applications (dApps).
Ecosystem: Solana has a growing ecosystem of dApps, including DeFi protocols, NFT marketplaces, and gaming platforms.
Tokenomics: SOL is the native cryptocurrency of the Solana network, used for fees, staking, and governance.
Factors Affecting SOLUSD Price
Market Sentiment: Overall market sentiment towards cryptocurrencies and Solana in particular can significantly impact the price of SOLUSD.
Network Performance: Any issues or disruptions on the Solana network can negatively affect the price.
Developer Activity: The level of development activity on the Solana platform can influence investor sentiment and price.
Regulatory Environment: Changes in regulations regarding cryptocurrencies can impact the price of SOLUSD.
Competition: Competition from other blockchain platforms, such as Ethereum, can affect Solana's market share and price.
How to Analyze SOLUSD
Technical Analysis: This involves studying price charts, patterns, and indicators to predict future price movements.
Fundamental Analysis: This focuses on analyzing the underlying factors that affect SOLUSD's value, such as network performance, ecosystem growth, and market sentiment.
Where to Trade SOLUSD
You can trade SOLUSD on various cryptocurrency exchanges, including:
Binance
Coinbase
FTX
Kraken
Important Considerations
Volatility: Cryptocurrencies, including SOL, are known for their high volatility. This means that the price of SOLUSD can fluctuate significantly in a short period.
Risk: Investing in cryptocurrencies carries inherent risks, including market volatility, security risks, and regulatory uncertainty.
Do Your Own Research (DYOR): Before investing in SOLUSD, it's crucial to conduct thorough research and understand the risks involved.
Disclaimer: This information is not financial advice. Please consult with a financial advisor before making any investment decisions.
SOLANA should continue rally It broke to new high as expected in idea published month ago. Now it favors pullback in ((iv)) and expect small pullback before it should continue rally in ((v)) to finish 3. It expect few more highs to finish the sequence started from August-2024 low.
Solana Breaks Revenue RecordsIn the latest crypto market moves, Solana ( CRYPTOCAP:SOL ) has shown impressive performance, setting a new record in daily revenue and solidifying its position as a major contender in the blockchain ecosystem. Its daily revenue hit a remarkable $3.8 million, with users paying over $7.6 million in transaction fees, bringing the platform’s all-time fees to a substantial $521.54 million. This achievement not only demonstrates Solana’s scalability and rising adoption but also reinforces its appeal to both developers and users as an efficient, high-performance network. As Ethereum, a long-standing blockchain leader, recorded $16.45 million in earnings, Solana's recent growth brings it closer to Ethereum's dominance.
Fundamental Analysis
Fundamentally, Solana’s growth trajectory is fueled by its rapid transaction speeds and cost-effective structure, which has made it one of the most attractive platforms for decentralized applications (dApps), gaming, and decentralized finance (DeFi) protocols. Unlike Ethereum, which faces congestion and high gas fees during peak usage, Solana can handle up to 65,000 transactions per second, all at minimal costs. This efficiency is a primary reason why transaction fees on Solana have skyrocketed to $7.6 million per day, reflecting growing adoption and user reliance on its network.
The consistent revenue generated by Solana underscores the platform's viability as a sustainable blockchain model. Its growth could also be attributed to various improvements and upgrades, including increased security and enhanced interoperability with other blockchains. As the platform matures, it’s not surprising that Solana's overall market outlook has garnered a positive sentiment from the community and investors alike.
Technical Analysis
From a technical perspective, Solana’s recent performance has been noteworthy. At the time of writing, CRYPTOCAP:SOL is trading up by 0.67%, holding firmly above the psychological $200 level, a threshold that has strengthened its market position. The Relative Strength Index (RSI) currently stands at 70, signaling an overbought condition, yet this does not deter CRYPTOCAP:SOL ’s upward momentum. Since breaking out of an enclosed rectangular pattern—a sign of consolidation—Solana has maintained a solid support base at $200, suggesting investor confidence and reinforcing bullish sentiment.
The chart shows a strong uptrend, and given the sustained momentum, Solana is positioned to potentially reach the $500 mark in the medium term. While this target may appear ambitious, Solana’s continued revenue growth, high adoption rate, and technical resilience provide it with a robust foundation. Key indicators, including moving averages, support levels, and volume, show favorable signals, with minimal resistance levels anticipated until the $250 mark.
Conclusion
With a record-breaking revenue stream and a resilient technical setup, Solana is establishing itself as a leading force in the blockchain sector. Its ability to outpace Ethereum in certain performance aspects underscores the increasing demand for scalable and efficient blockchain solutions. For investors, Solana’s combination of strong fundamentals and technical promise make it an attractive buy, with $500 as a plausible price target in the near future.
Fibonacci Levels Point to $428.42 for SOLUSD
SOLUSD is displaying strong bullish momentum as it breaks out of a consolidation channel (highlighted in green). The price has successfully formed higher highs and higher lows, confirming a robust uptrend.
The EMA Ribbon is fully aligned to the upside, with the price comfortably trading above it, acting as dynamic support. Additionally, the TSI is not only above the 0 level but also recently confirmed a bullish divergence, where the oscillator was falling while the price remained in a range. This divergence indicates a potential explosive upward movement, with room for the TSI to continue its climb.
Using a historical Fibonacci extension, the next major target is 428.42 at the 1.618 extension level. If this target is reached, it would represent an 80% growth from current levels. This projection aligns with previous bullish behavior, as highlighted by the purple candles, suggesting that the current breakout could mimic past price surges. Furthermore, the Signal Builder has recently provided bullish signals in confluence with these factors.
As long as the price remains above the EMA Ribbon and continues to print higher highs, SOLUSD is poised for further upside.
👨🏻💻💭 Are you ready to ride this bullish wave?
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SOLUSD Bullish pennantSOLUSD is building up a bullish pennant;
This pattern indicates buyers are consolidating above the major resistance level at $200.00. A valid breakout will validate the pattern, with the next target at $290-300$ and FIB extension level 1.272.
Solana eyes $261.60: descending triangle pattern in playSolana has triggered a descending triangle pattern with a target of $261.60 per coin. If the price reaches the breakout point of the pattern at $243 per coin, buyers are likely to step in and support the price. The pattern will remain valid as long as the price stays above $235.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
$SOL rips to $235 and is just 10% away from ATH!Once that breaks, CLEAR SKIES AHEAD BABY!
Will be an easy climb to $350 to lead this next leg up for Alt Season 🥳
Double Bottom Long!$Solana showing strong double bottom pattern!
Long descriptions are making me sick tho xD a clear pattern doesn't have to be 10 paragraphs long!!
Solana’s Path to $500: Is It the Investment of the Year?Solana ( CRYPTOCAP:SOL ) continues to defy expectations, showcasing resilience and growth even in a volatile market. With SOL Global Investments Corp announcing plans to raise CAD 3.6 million to acquire Solana tokens, institutional interest is reaching new heights. This strategic move comes as Solana gains traction as a leading blockchain platform, further solidifying its reputation as the "Ethereum Killer."
Fundamental Highlights
SOL Global Investments Corp, a Canadian firm, is raising CAD 3.6 million through a private placement to bolster its digital asset portfolio, focusing heavily on Solana. The offering consists of 18 million units priced at CAD 0.20 per unit, with each unit containing one common share and half a purchase warrant exercisable at CAD 0.30. The proceeds will fund Solana token acquisitions at current market prices.
This investment reflects a broader strategy by CRYPTOCAP:SOL Global to capitalize on Solana's growth potential in blockchain and digital assets. The decision underscores the increasing institutional confidence in Solana's robust ecosystem and its ability to deliver scalable, decentralized solutions.
Solana’s market performance supports this optimism:
- Market Cap: $112 billion, making it the 4th largest cryptocurrency.
- Trading Volume: $6.63 billion, reflecting heightened liquidity.
- Recent Performance: +43% over the past month, with a current price of $237.
These fundamentals highlight Solana’s growing dominance in the crypto space, particularly as institutional investors like SOL Global position themselves to benefit from its upward trajectory.
Technical Analysis
Solana's price action suggests it’s poised for further growth. Currently trading at $237, the token shows mixed signals on the daily chart but retains an overall bullish outlook.
The appearance of a doji candlestick signals indecision among traders. However, this often precedes a continuation of the prevailing trend, which in Solana’s case has been upward.
Solana’s RSI stands at 70, entering overbought territory. While this suggests caution, it also indicates strong momentum that could drive the price higher. CRYPTOCAP:SOL has consistently traded above key moving averages for over a week following an extended consolidation period. This is a bullish sign, confirming the token’s breakout strength.
We predict Solana (SOL) could rally towards $500 in the coming months, supported by institutional inflows and the platform’s growing ecosystem.
The Broader Picture: Solana’s Ecosystem
Solana ( CRYPTOCAP:SOL ) has cemented its status as a premier blockchain platform, boasting faster transaction speeds and lower costs compared to Ethereum. Its increasing adoption for decentralized applications (dApps), DeFi protocols, and NFTs highlights its utility and scalability.
This narrative is further reinforced by SOL Global’s significant investment, which not only validates Solana’s potential but also sets the stage for a continued price rally. With strong fundamentals and technical indicators aligning, Solana is well-positioned to capitalize on the growing demand for blockchain solutions.
Conclusion
Solana’s journey to $500 may not be far-fetched. The combination of institutional backing, strong market fundamentals, and bullish technical signals suggests the blockchain is on a path to greater adoption and valuation.
Will CRYPTOCAP:SOL hit $500 before Christmas? With the current momentum and growing interest, Solana might just redefine what’s possible for the crypto market this holiday season.
Let’s Talk About Solana (SOL/USD) – A Big Move Just HappenedThe chart shows Solana (SOL/USD) making a significant move, up 39.39% this month and trading at $234.78. Here's a closer look at the patterns, candlesticks, and potential indicators that can help stack the odds in your favor:
Chart Patterns Observed
1. Falling Wedge Breakout:
Solana just broke out of a falling wedge pattern—a fancy way of saying it’s been gearing up for a big move. This pattern often means the price could keep climbing, and SOL is showing strong momentum right now.
2. Previous Resistance Levels:
- It smashed through the $200 resistance level, which is a great sign. That $200 zone could now act as a support if things slow down. The next major resistance appears to be near the $250–$260 zone.
3. Candles Don’t Lie:
- The most recent candlestick is a bullish engulfing candle, confirming strong buyer interest
- Closing near the high of the month would suggests that buyers maintained control and momentum is strong heading into the next period.
Where the Chart Could Be Heading:
- Bullish Scenario:
If SOL sustains above $200, the breakout could push it toward $250–$260 in the near term. A stronger rally may extend toward $300 or $350, depending on volume and broader market sentiment.
- Bearish Scenario:
If momentum fades and it drops below $200, it could retest the wedge breakout point around $180–$190. Losing this level could bring a larger correction.
*Indicators to Use for Confirmation:
1. Relative Strength Index (RSI):
- Check if RSI is entering the overbought zone (70+)—this can signal when momentum may slow down or a pullback is due.
2. Volume Profile:
- Confirm breakout strength by analyzing volume. Strong breakouts are supported by increased trading volume, ensuring it's not a false move.
3. Moving Averages (MA):
- Add **50-day and 200-day moving averages**:
- A crossover (golden cross) or price staying above these levels strengthens the bullish case.
4. MACD (Moving Average Convergence Divergence):
- Look for a bullish crossover (signal line crossing above the MACD line) to confirm momentum.
5. Fibonacci Retracement Levels:
- Use this tool to identify potential pullback levels and areas where price could find support or resistance.
Recommendations for Decision-Making:
- For Buyers:
Consider waiting for a retest of the $200–$210 zone to confirm support before entering. If you're more aggressive, entering now with a stop loss below $200 could be a strategy.
- For Existing Holders:
Hold tight! As long as Solana stays above $200, it’s looking strong. But keep an eye on that $250–$260 area—it could face some resistance there.
- Cautious Traders:
Don’t feel rushed. Let the next move play out—whether it’s a pullback or another breakout. Use the indicators to confirm where things are headed.
Final Thoughts:
Solana's chart is showing strong bullish momentum after breaking out of a falling wedge. However, always manage your risk—crypto is volatile, and moves can reverse quickly. Stick to your strategy, and don’t chase the price if it gets overextended!
SOLUSD BUY ANALYSIS TRIANGLE PATTERN Here on Solusd price form a triangle pattern and now broken line 226.43 so and is likely to move up more and trader should go for LONG and expect profit target of 253.33 and 287.38 . Use money management
SOL challenging ATH Solana (SOL) has broken out of its flag formation—an exciting development to watch! Keep an eye on its 2021 all-time high at $260, as this could be a key resistance level. Based on the flag's projection, the potential target is $288. Stay alert for further price action!
Watch Solana Aim for $240 as Bulls Take ControlSolana resumed its bullish trend after holding above the 38.2% Fibonacci retracement level (critical support). The technical indicators suggest the bull market should resume. If Solana prices exceed the immediate resistance at $225.0, the next bullish target could be $240.0.
Please note that the bullish outlook should be invalidated if prices fall below the 38.2% Fibo.
Article: fxnews.me
SOL could reach all time high againSolona has been one of the most hated crypto since SBF and FTX but I am seeing similar patterns with the TNX and (NVAX) a stock that had a meteoric rise during covid 19. This is also a well know bearish shark pattern. Its quite interesting that 3 different sectors have similar patterns.
Bears will say it is probably nothing.
Please do your DD as this is not a financial advice.
Please like if you find helpful.
