SOL Price Prediction: Can It Reach $300 Amid Market Volatility?

#SOL

• SOL currently trades below 20-day MA at $152.06 with bearish MACD crossover
• FTX liquidations create headwinds while RWA adoption provides tailwinds
• $300 price target depends on overcoming $156.54 resistance and maintaining DeFi growth

SOL Price Prediction

SOL Technical Analysis: Key Indicators to Watch

According to BTCC financial analyst William, SOL is currently trading at $152.06, slightly below its 20-day moving average of $156.54. The MACD indicator shows a bearish crossover with a reading of -1.3397, suggesting potential short-term weakness. However, the Bollinger Bands indicate that SOL is trading closer to the middle band, which could act as support. William notes that a break above the 20-day MA could signal a return to bullish momentum, while a drop below the lower band at $139.73 might indicate further downside.

Market Sentiment: SOL''s Bullish Catalysts Amid FTX Liquidation

BTCC financial analyst William highlights mixed sentiment for SOL. On one hand, FTX''s continued liquidation of $10.3 million in SOL creates selling pressure. On the other hand, Solana''s growing DeFi ecosystem, including tokenized real-world assets and Apollo''s credit fund debut, could drive long-term adoption. William points to the record-high wallet count of 11 million as a particularly bullish indicator, potentially supporting the $300 price target mentioned in recent headlines.

Factors Influencing SOL''s Price

FTX Continues Solana Liquidation with $10.3 Million Transfer

The wind-down of Sam Bankman-Fried''s crypto empire persists as FTX and Alameda Research move another $10.3 million in Solana (SOL). Blockchain analytics firm Arkham Intelligence flagged the transactions on June 13, revealing 30 new wallet destinations. This follows the unstaking of 188,000 SOL, valued at over $31 million, as tracked by researcher EmberCN.

Since November 2023, the bankruptcy estate has offloaded 8.4 million SOL, worth roughly $1.09 billion, primarily through exchanges like Binance and Coinbase. Sales have consistently hovered around the $130 mark, aiming to convert assets into cash for creditor repayments. The estate still holds approximately 5.29 million SOL, valued at $775 million, mostly locked in staking contracts.

FTX''s repayment efforts are underway, with $1.8 billion distributed in February and another $5 billion recently completed. The slow but steady liquidation reflects the ongoing dismantling of one of crypto''s most notorious collapses.

Solana Welcomes Tokenized Real-World Assets to Strengthen DeFi Growth

Apollo, a major private credit fund, is set to tokenize its large-scale fund and integrate it into Solana''s decentralized finance ecosystem. This move highlights the growing convergence of traditional finance and blockchain technology. Kamino Finance leads the initiative, with support from Securitize and Steakhouse Financial.

The Apollo Diversified Credit Securitize Fund (ACRED) token aims to become Solana''s first on-chain lending and leverage asset. Currently undergoing security audits, the token was introduced in January and offers investors exposure to Apollo''s private credit strategies under Securitize''s regulated framework.

Solana Price Eyes $300 as Wallet Count Hits New ATH at 11M

Solana (SOL) shows resilience with a modest 1.09% rebound to $168, despite a 31% drop in trading volume. The cryptocurrency''s market cap edges up 1% to $87.35 billion, signaling cautious optimism among investors.

Technical analysis reveals a bullish breakout from a falling wedge pattern in April 2025, propelling SOL past the $154.15 support-turned-resistance level. The subsequent 50% rally stalled at $184.52, where selling pressure triggered a pullback to $165.71.

Network fundamentals strengthen as Solana reaches a milestone 11 million wallets, fueling speculation of a $300 price target. The ecosystem''s growth contrasts with recent volatility, suggesting underlying demand may outpace short-term profit-taking.

Apollo’s Tokenized Credit Fund Set for Solana DeFi Debut as RWA Trend Expands

Apollo Global Management is bridging traditional finance with decentralized ecosystems through a landmark tokenization initiative. A tokenized version of its Diversified Credit Fund (ACRED) will debut on Solana''s blockchain, marking the first instance of a major private credit fund becoming available for on-chain borrowing and leverage within Solana''s DeFi ecosystem.

The project, facilitated by Kamino Finance with support from Securitize and Steakhouse Financial, leverages Solana''s high-speed infrastructure to bring institutional-grade credit strategies to crypto-native investors. Pending audit completion, the ACRED token will enable exposure to Apollo''s private credit portfolios through Securitize''s regulated token framework.

This move accelerates the real-world asset (RWA) tokenization trend, demonstrating institutional confidence in Solana''s capacity to handle sophisticated financial instruments. The integration combines Apollo''s $500B+ credit expertise with Solana''s growing DeFi ecosystem, currently valued at over $4B in total value locked.

Argentina Shutters LIBRA Probe Unit After Findings Submitted to Prosecutors

President Javier Milei''s administration has dissolved the investigative unit examining his connection to the SOL-based memecoin LIBRA, following the submission of findings to prosecutors. The Unidad de Tareas de Investigación (UTI) was officially closed through a decree signed by Milei and Justice Minister Mariano Cúneo Libarona, stating the unit had fulfilled its mandate.

The probe involved multiple government agencies including Argentina''s central bank and anti-corruption office. This development follows Milei''s February endorsement of LIBRA on social media, which triggered a meteoric rise in the token''s market capitalization to $4.5 billion before an 80% collapse within hours.

LIBRA co-creator Hayden Davies had previously made unverified claims about the project''s potential, though the investigation''s conclusions remain undisclosed. The abrupt closure of the investigative unit raises questions about transparency in Argentina''s cryptocurrency oversight.

How High Will SOL Price Go?

William from BTCC provides this analysis:

SOL shows both technical challenges and fundamental strengths. In the short-term, the $156.54 20-day MA poses resistance, but breaking this could open the path to $173.34 (upper Bollinger Band). The $300 target seems ambitious but possible if:

Key support to watch is $139.73 (lower Bollinger Band). A break below this would invalidate the bullish scenario.