SOL Price Prediction: Can Bulls Break $200 Resistance Amid Network Upgrades?

#SOL

• Technical Breakout Potential: SOL trading above 20MA with converging MACD suggests building bullish momentum
• Network Fundamentals: Proposed 66% compute limit increase addresses scalability concerns
• Market Sentiment: New wallet growth persists despite price volatility, indicating long-term confidence

SOL Price Prediction

SOL Technical Analysis: Bullish Signals Emerge Above Key Moving Averages

SOL is currently trading at $183.28, comfortably above its 20-day moving average of $169.58, suggesting bullish momentum. The MACD histogram remains negative at -3.2763 but shows narrowing bearish divergence as the signal line (-14.226) converges toward the MACD line (-17.5022). Bollinger Bands indicate potential upside with price hovering NEAR the middle band ($169.58), while the upper band at $200.86 presents the next resistance level.

"The technical setup favors buyers," says BTCC analyst Ava. "A sustained MOVE above the 20MA with improving MACD suggests accumulation. The $200 psychological level coincides perfectly with the upper Bollinger Band - a breakout here could trigger accelerated buying."

Market Sentiment: SOL Builds Momentum Amid Network Upgrades

Recent developments paint a constructive picture for SOL: new wallet growth continues despite price volatility, while developers propose a 66% increase in compute limits to enhance network capacity. However, the broader meme coin ecosystem faces regulatory scrutiny with Pump.fun's $5.5B lawsuit.

"Network fundamentals are strengthening during this consolidation," notes BTCC's Ava. "The compute limit proposal addresses congestion concerns that previously plagued Solana. While the $200 level remains psychological resistance, growing developer activity and sustainable wallet growth provide fundamental support."

Factors Influencing SOL's Price

New Wallets Buy Solana While Price Slips—Is a Bounce Around the Corner?

Solana's recent price dip has not deterred new buyers, with on-chain data revealing a surge in short-term holders. The 3-month HODL Waves chart shows a 30% increase in wallets holding SOL for 1 day to 1 week, mirroring a pattern seen in May that preceded a reversal. This accumulation suggests growing conviction among traders despite the cooling price action.

The $175 to $180 support zone remains a critical level to watch, as it forms a strong cluster that could catalyze a rebound. Historical parallels and current wallet dynamics hint at potential for upward momentum, though market participants remain vigilant for deeper losses if this support fails.

Solana Developers Propose 66% Increase in Per-Block Compute Limit to Boost Network Throughput

Solana core developers have introduced a significant upgrade proposal, SIMD-0286, aiming to elevate the network's computational capacity. The plan WOULD raise the per-block compute limit from 60 million to 100 million units—a 66% surge designed to accommodate growing demand from DeFi protocols and builders.

The proposal, now open for node operator feedback on solana Foundation's GitHub, addresses congestion issues faced by resource-intensive applications like order-book DEXs and MEV auctioneers. Current block limits—implemented to prevent network overload—have become a bottleneck as restaking protocols, NFT mints, and DePIN projects compete for block space.

This follows July's SIMD-0256 upgrade that increased throughput to 1,700 TPS. Validators will shoulder heavier computational loads if the new proposal passes testing and deploys in an upcoming software release.

Pump.fun Faces $5.5B Class Action Lawsuit Over Alleged 'Meme Coin Casino' Scheme

Solana-based memecoin platform Pump.fun is embroiled in a high-stakes legal battle, accused of operating an unlicensed gambling operation that allegedly siphoned billions from retail traders. The consolidated class action lawsuit, filed in New York federal court, claims the platform functioned as a de facto casino where users wagered SOL tokens on speculative meme coins with unpredictable outcomes.

The complaint paints a damning picture of coordinated malfeasance, alleging founders and affiliated entities formed a "Pump Enterprise" that violated racketeering laws. Court documents suggest the operation generated $722 million in revenue while causing estimated losses between $4-5.5 billion. Notably, the suit highlights the platform's alleged failure to implement age verification or KYC protocols, potentially exposing minors to financial risks.

Solana ecosystem participants face collateral damage as the lawsuit ropes in Solana Labs, the Solana Foundation, and Jito Labs. These entities stand accused of providing critical infrastructure and allegedly manipulating transactions through MEV bundling techniques. The case could set important precedents for blockchain-based platforms operating in regulatory gray areas.

Can Solana Hold Above Crucial $200 Level Or Will SOL Retrace Into August?

Solana has reclaimed its position as the fifth-largest cryptocurrency by market capitalization, with traders closely monitoring whether it can sustain above the $200 threshold or retreat to August's trading range. Technical analysis reveals a broad ascending base on the weekly chart, suggesting accumulation. Analysts like Inmortal project a gradual grind higher before a potential major rally, while Cas Abbé highlights Solana's ability to clear and hold key resistance near $180. Ali Martinez posits a bullish target of $300 to $360 following an ascending triangle breakout.

Market data shows $48 million in liquidations, predominantly from on-chain positions as SOL touched $204. Glassnode reports thinning resistance around $190, where over 8 million SOL were previously accumulated. Failure to hold $200 could trigger a retracement to $190 or even $180.

Meanwhile, Remittix emerges as a contender, raising $16.9 million in its initial token offering and announcing a wallet beta launch slated for September 15, 2025. The project aims to bridge practical crypto utility for everyday transactions.

Solana's Modest Gains Overshadowed by Unilabs Finance's 10x Potential

Solana (SOL) reached new highs this week, trading above $204 amid surging on-chain activity and total value locked (TVL). Analysts project a conservative 20% upside for SOL, potentially lifting its price to $236 by next year. While the network boasts 3.5 million active wallets and $10.6 billion TVL, its limited utility as a store of value is driving investors toward higher-growth opportunities.

Unilabs Finance emerges as the dark horse, with market participants anticipating a 10x surge this year. The platform's advanced investment features contrast with Solana's more traditional value proposition, creating a clear divergence in investor appetite. 'When the bull market runs, capital chases asymmetric returns,' observes a Singapore-based hedge fund manager active in both assets.

The narrative extends beyond pure price action. Solana's 18% weekly gain reflects renewed institutional interest, while Unilabs represents the risk-on sentiment dominating retail circles. This bifurcation underscores crypto's maturing market structure, where blue chips and high-beta plays coexist in portfolios.

How High Will SOL Price Go?

Based on current technicals and market sentiment, SOL shows strong potential to test the $200 resistance level in the near term. Key factors supporting this outlook include:

"We're watching two scenarios," explains Ava. "A conservative estimate sees SOL testing $200 by mid-August. More bullish case? A breakout could propel prices toward $240 if network upgrades coincide with broader market strength. The 20MA at $169 now serves as critical support."

$169 (20MA)

$200 (Upper Bollinger Band + Psychological Level)