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Solana Price Prediction: $4.4B Trading Volume Fuels SOL Rally – Will It Flip Ethereum?

Solana Price Prediction: $4.4B Trading Volume Fuels SOL Rally – Will It Flip Ethereum?

Author:
Cryptonews
Published:
2025-08-08 17:30:28
10
1

Solana's SOL is on a tear—$4.4 billion in daily trading volume has traders buzzing about an Ethereum overtake. Could this be the flippening, or just another crypto hype cycle?

Price action explodes as SOL rides bullish momentum. The network's speed and low fees keep drawing defectors from Ethereum’s gas-guzzling ecosystem. But let’s be real—since when has raw volume ever stopped a crypto rug pull?

Technical indicators scream bullish. Retail FOMO meets institutional interest, and suddenly SOL’s ATH looks like a pit stop. Meanwhile, Ethereum maxis cling to their “ultrasound money” narrative like a security blanket.

One thing’s clear: the smart contract wars just got hotter. Whether SOL’s surge is sustainable or just another case of ‘number go up’ theater remains to be seen. After all, in crypto, even the ‘sure bets’ come with a side of hopium.

💥BREAKING:

THERE'S NOW 91.4% CHANCE OF A RATE CUT IN SEPTEMBER.🚀pic.twitter.com/pUgcfI0KE2

crypto Rover (@rovercrc) August 8, 2025

Solana Price Analysis: Can Solana Overtake Ethereum?

The solana price appears to have shaken off its downtrend, breaking out of the descending channel that defined its recent fall.

SOL / USDT 4-hour chart, descending channel breakout feeds into a head and shoulder pattern. Source: TradingView, Binance.

SOL / USDT 4-hour chart, descending channel breakout feeds into a head and shoulder pattern. Source: TradingView, Binance.

Post-breakout momentum, however, has started to stall, with resistance emerging at $180 as key indicators flash early warning signs.

The RSI has reversed sharply after touching the overbought threshold at 70, often signaling buyer exhaustion before a corrective pullback.

The MACD tells a similar story, flattening above the signal line, often an early sign of a short-term reversal on the 4-hour chart.

A retest of the channel’s upper resistance trendline as support, in line with the $175 resistance, could be the next step to find more level footing for continued upside.

From there, the Solana price can reattempt a breakout from a 7-month head and shoulder pattern.

Its neckline rests at $186, the key threshold for a MOVE toward its previous all-time high at $297, representing a potential 75% gain from current prices.

While still far from the 5x needed to challenge ETH, fundamentals create a compelling argument.

While ethereum has already tapped into TradFi markets through its approved spot ETF, Solana is still awaiting the SEC’s green light.

🎯NEW: Bloomberg has placed a 90% approval odds for a $SOL ETF in 2025

Alt coin ETF summer with Solana leading the way?☀pic.twitter.com/XyKpa54WsE

— CryptosRus (@CryptosR_Us) June 12, 2025

The October 10 deadline for a potential spot SOL ETF, combined with possible 401(k) adoption and rate cuts as fuel for interest, could open the floodgates for massive TradFi demand.

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