Solana Price Prediction: Institutional Demand Surges, Short-Term Consolidation at $243
Even if it has dipped by 1.6% in the last 24 hours, Solana (SOL) is still doing well in the cryptocurrency market, trading around $243. The
Quick overview
- Solana (SOL) has experienced a 1.6% dip in the last 24 hours but remains strong, trading around $243 and gaining 30% over the past month.
- Technical analysis indicates a bullish breakout, with potential price targets of $250, $277, and a mid-term goal of $360.
- The growth of the Pump.fun creative economy and significant institutional investments are driving Solana's ecosystem expansion.
- On-chain metrics show record highs in Total Value Locked and stablecoin growth, indicating increasing demand and positive market sentiment.
Even if it has dipped by 1.6% in the last 24 hours, Solana SOL/USD is still doing well in the cryptocurrency market, trading around $243. The fifth-largest cryptocurrency by market capitalization has stood out, gaining around 30% in the last month, which is much more than Ethereum’s 4% rise during the same time.
SOL/USD Technical Breakout Points to Mid-Term $360 Target
Recent technical analysis shows that Solana has broken out of a crucial ascending triangle formation in a bullish way. Market expert Ali Martinez says that this means there is a lot of room for growth. The cryptocurrency’s rise above the important $205 resistance mark, where prices had been stable from April to August, shows that the positive trend will continue for the next few weeks.
The Fibonacci extension levels show that the first price objectives are $250 at the 1.272 extension and $277 at the 1.414 extension. But if the momentum keeps going, SOL might reach more ambitious goals of $321, 1.618 extension, and the last mid-term goal of $362, which is the 1.786 Fibonacci extension level.
The Relative Strength Index (RSI) reading of 69 on the daily chart shows that the technical outlook is still good. This is close to overbought levels but shows strong bullish momentum. The Moving Average Convergence Divergence (MACD) recently crossed over to the bullish side, which supports the idea that the trend is going up. The $230 level is now critical support, and the $205 level, which used to be a resistance zone, offers extra protection from losses.
Creator Economy Boom Fuels Solana Ecosystem Growth
The sudden rise in Solana’s price has a lot to do with the Pump.fun creative economy’s rapid expansion. The platform has done very well when it relaunched its streaming feature in 2025 with more moderation after safety concerns. Last week, artists made more than $19.3 million in fees, and more than 46,700 wallets claimed creator rewards, which is a 50% increase from the week before.
The company’s native PUMP cryptocurrency recently crossed the $3 billion market value barrier. This happened just two months after the platform raised about $600 million in a 12-minute initial coin offering. Individual creators have made a lot of money, with the best ones making between $70,000 and $177,000 throughout the time period studied.
Wall Street Institutions Drive Massive SOL Accumulation
Institutional adoption keeps building Solana’s base. Forward Industries just closed a historic $1.65 billion private investment agreement with Galaxy Digital, Multicoin Capital, and Jump Crypto. SolanaFloor’s most recent statistics shows that Galaxy Digital bought another 1.2 million SOL tokens worth $306 million in the last 24 hours alone.
The institutional accumulation goes beyond just buying things. The combined holdings of Forward Industries, Galaxy Digital, DeFi Technologies, and Neptune Digital now surpass 2.82 million SOL tokens. At current rates, these tokens are worth almost $577 million. Also, Solana spot ETFs saw $15.9 million in inflows last week, which is another sign of positive enthusiasm.
On-Chain Metrics Reach Record Highs
Fundamental metrics keep showing that Solana’s ecosystem is getting more and more bullish. Total Value Locked (TVL) hit a new all-time high of $13.22 billion, which shows that more people are using and participating in SOL-based protocols. The quantity of stablecoins on the network rose by more than $255 million in the last 24 hours, which is the biggest rise among major blockchains. This shows that demand is growing and the ecosystem is expanding.
The upbeat view is backed up even more by derivatives data, which shows that futures open interest has reached a fresh all-time high of $16.58 billion. The long-to-short ratio is at 1.08, which is the highest level in more than a month. This shows that traders are mostly positive.
Solana Price Prediction and Market Outlook
Even though it has been trading in a tight range around $243 for a short time, there are a number of reasons why Solana’s price is likely to keep going up. A strong bullish case can be made by looking at technical breakout patterns, rising on-chain activity, institutional accumulation, and a growing creator economy.
Coincodex analysts expect the price to rise slowly to $264 during the next three months, although technical analysis shows that more ambitious goals are possible. The $250 resistance level is still the main focus. If it breaks through, it might lead to the all-time high of $295.83 and finally the mid-term target of $360.
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