SOL Price Prediction: Can Bulls Break $230 Resistance?

#SOL

• Technical Strength: Price above 20-day MA with stabilizing Bollinger Bands
• Ecosystem Growth: Solana Mobile, Kraken listings, and conferences driving adoption
• Price Target: $230 achievable if resistance at $157.89 breaks

SOL Price Prediction

SOL Technical Analysis: Bullish Signals Emerge

According to BTCC financial analyst William, SOL is currently trading at $151.97, above its 20-day moving average of $146.05, indicating a potential bullish trend. The MACD remains negative but shows signs of convergence, while the price sits comfortably within the Bollinger Bands, suggesting stability. 'The reclaiming of the 20-day MA is a positive sign for bulls,' William notes.

Market Sentiment Turns Positive for SOL

BTCC's William highlights growing Optimism around SOL, citing news of Solana Mobile's upcoming device launch with $67M in preorders and Kraken's global tokenized stocks expansion. 'The ecosystem is firing on all cylinders—from infrastructure to adoption,' he says. The Accelerate Conference and new investment platforms like Unilabs further bolster confidence.

Factors Influencing SOL’s Price

Solana Price Eyes $230 After Reclaiming Support: Can Bulls Break Resistance?

Solana (SOL) has entered a decisive phase as technical patterns suggest growing bullish momentum. The altcoin stabilized above critical support at $130, now retesting the $185 resistance level. Analysts observe a stair-step formation developing across weekly charts, with $230 emerging as the next plausible target.

Market structure reveals a compelling narrative. SOL's recent rebound from the $130 breaker zone—formerly a resistance area—demonstrates classic support-flip behavior. The $185 level now serves as a litmus test for bulls. A decisive break could trigger a swift move toward the $230 weekly inefficiency zone, where unfilled orders from previous rapid price movements may act as a magnet.

Technical analyst JACKIS notes the formation's resemblance to prior bullish cycles. The seven-month consolidation appears to be resolving upward, with each reclaimed resistance level adding confirmation. This price action mirrors SOL's historical tendency for explosive moves after prolonged basing periods.

Unilabs Launches Platform for Early-Stage Crypto Investments, Aims to Spot Next Solana-Like Gems

Unilabs has introduced a novel investment platform designed to identify high-potential blockchain projects before they achieve mainstream adoption. The service draws parallels to early opportunities in Solana (SOL) and SUI, both of which delivered significant returns for early backers.

Solana's architecture continues to set benchmarks for scalability, while SUI's efficiency-focused design has carved a niche in smart contract platforms. Unilabs' analytical framework targets similar innovative projects poised for 2026 growth cycles.

The platform caters to sophisticated investors seeking asymmetric opportunities in blockchain infrastructure and application layers. Its screening methodology evaluates technical merit, team capability, and market positioning - key factors that preceded Solana's historic rally.

Ozapay IDO Enters Final Countdown Ahead of Raydium DEX Listing

Ozapay's initial DEX offering (IDO) on Solsale enters its final phase, with just six days remaining before closure. The project's OZA token is currently priced at $0.03 during this limited-time offering—a strategic entry point that will expire upon completion of the IDO.

The hybrid payment platform promises to bridge euro and cryptocurrency transactions through its super-app, featuring NFC payments without POS terminals and QR-based euro transfers. Post-IDO, OZA tokens will debut on Raydium, marking a significant milestone for the payment solution.

Solana Mobile’s Seeker Ships Aug 4: $67M Preorders and a New Web3 Era

Solana Mobile’s Seeker device, set to begin global shipping on August 4, 2025, has already secured 150,000 pre-orders at $500 each, translating to an estimated $67.5 million in revenue. The device marks a strategic pivot with the introduction of TEEPIN, a decentralized infrastructure, and its native token SKR.

Building on the success of its predecessor, the Saga, the Seeker redefines smartphone ownership by integrating Web3 capabilities. It serves not just as a communication tool but as a gateway to decentralized ecosystems, reinforcing Solana Mobile’s influence in the market.

Solana Community Gathers for Accelerate Conference Amid Shifting Expectations

The Solana community convened at New York's Pier 36 for the Accelerate conference, marking a palpable shift in sentiment from six months prior. Long-held assumptions about the network's technological capabilities and investment potential are being reevaluated.

Firedancer, the highly anticipated Jump-developed client once hailed as a game-changer for Solana's scalability, has seen muted impact. Initial expectations of achieving one million transactions per second now appear overstated. The partial implementation, Frankendancer, remains underutilized with just 5% of Solana's stake currently running on the client.

Pepeto and Solaxy Vie for Memecoin Supremacy Amid Layer 2 Debate

Solaxy's positioning as Solana's first Layer 2 solution faces skepticism given the blockchain's inherent speed and low costs. While the project may deliver short-term gains—potentially up to 5x—its long-term value proposition remains uncertain without addressing clear network pain points.

Pepeto emerges as a dark horse, combining meme virality with substantive utility. Unlike typical joke coins, it's developing tangible tools and narrative depth, attracting growing attention from traders seeking projects with both hype and fundamentals.

Centrifuge Expands Tokenized RWAs to Solana With $400M Treasury Fund

Centrifuge, a leading tokenized asset platform, is extending its services to the Solana blockchain, marking its debut with a $400 million tokenized U.S. Treasury fund managed by Anemoy (JTRSY). The move leverages Centrifuge's proprietary "deRWA tokens" standard, enabling seamless transfer and integration of tokenized assets across decentralized finance (DeFi) protocols.

The deJTRSY token will be tradable, lendable, and usable as collateral on Solana-based DeFi platforms, starting with Raydium, Kamino, and Lulo. This initiative allows Solana users to access yield from short-term Treasuries natively within the ecosystem, further bridging traditional finance with blockchain innovation.

Solana's growing dominance in the tokenized real-world asset (RWA) sector is underscored by this rollout. The RWA space, which tokenizes traditional instruments like bonds and funds, continues to gain traction as institutional and retail investors seek on-chain exposure to conventional markets.

Kraken to Launch Tokenized Stocks of Apple, Tesla, and Nvidia Globally

Kraken, a leading cryptocurrency exchange, is expanding its offerings to include tokenized versions of major U.S. stocks such as Apple, Tesla, and Nvidia. This move targets customers outside the U.S., enabling them to trade these assets using digital currencies. The initiative leverages the Solana blockchain for its efficiency and low transaction costs.

The tokenized stocks will be available across Europe, Latin America, Asia, and Africa, providing access to over 50 stocks and ETFs, including SPY and GLD. This development marks a significant step in bridging traditional finance with the digital asset ecosystem, offering round-the-clock trading opportunities.

Is SOL a good investment?

William advises: 'SOL shows technical strength with clear catalysts—monitor the $157.89 upper band breakout for confirmation of a rally toward $230.'