Solana’s SOL Token Eyes 50% Surge as Technical Indicators Flash Bullish Signals
Analysts are turning increasingly bullish on Solana's native token SOL, with technical analysis suggesting a potential 50% price surge to $255 if current support levels hold. As of August 8, 2025, SOL trades at $171, having gained 12% over the past month. The optimistic outlook stems from the emergence of a bullish Golden Cross pattern, with market observer Mary Emerald noting that maintaining prices above the $161 support level could trigger significant upward momentum. This technical formation, combined with SOL's recent performance, has created growing anticipation among traders for a major breakout in the coming weeks.
Analysts Bullish on SOL as Technical Indicators Point to Potential 50% Surge
Solana's native token SOL could be poised for a significant breakout, with technical analysts predicting a potential rise to $255 if key support levels hold. The cryptocurrency currently trades at $171, having gained 12% over the past month.
Market observer Mary Emerald highlights a bullish Golden Cross formation, noting that maintaining prices above $161 could trigger the upward move. The prediction gains credence from recent on-chain activity showing $243 million flowed into Solana's ecosystem this week, predominantly from Ethereum-based assets.
The anticipated rally WOULD likely boost activity across Solana's DeFi landscape. Emerging projects like Snorter Token (SNORT) stand to benefit particularly, with its Telegram trading bot scheduled for launch this quarter.
Solana's Rally Sparks Speculation of $200 Target Before 2026
Solana (SOL) has reignited bullish momentum, rebounding from $157 support to trade NEAR $173—a 5% surge in 24 hours. While weekly performance remains slightly negative, the shift in sentiment is unmistakable. The cryptocurrency now faces a critical test: reclaiming its recent $200 peak, which would require just a 16% climb from current levels.
Market structure appears favorable, with SOL establishing higher highs and lows on intraday charts. Trading volumes tell the same story—$4.4 billion in spot transactions and $4.6 billion in open interest confirm renewed participation. This resurgence coincides with growing institutional interest, including spot ETF filings and network upgrades that position SOL as a leading altcoin narrative entering 2025's final quarter.
The ecosystem effect is already visible. Projects like Snorter, a Solana-native trading bot specializing in meme coins and DEX trades, are gaining traction alongside the network's recovery. Such developments suggest SOL's rally could have staying power beyond short-term technical moves.
$GOHOME Joins TrustyFi to Boost Transparency in Solana Memecoins
TrustyFi has integrated the Solana-based memecoin project $GOHOME into its Verified Projects Hub, marking a step toward greater transparency and community engagement in the solana ecosystem. The platform will host user-generated reviews of $GOHOME, monitored to ensure authenticity and curb misinformation.
As part of the collaboration, $GOHOME community members can participate in incentivized review campaigns on TrustyFi, earning USDT rewards for genuine feedback. The initiative aims to foster trust and active participation within the memecoin space.
Technical Indicators Signal Bullish Momentum for Solana as Price Eyes $180
Solana's market structure shows strengthening bullish signals as technical indicators align for a potential breakout. The SOL/USD pair's Balance of Power (BoP) reading of 0.76 confirms buyer dominance, with prices consistently closing near session highs.
Momentum continues building as the Relative Strength Index (51.65 and rising) reflects accelerating buying pressure. This technical confluence comes as SOL tests key resistance levels, with traders now targeting the $180 psychological barrier.
The cryptocurrency's recovery appears increasingly sustainable as on-chain metrics and trading patterns demonstrate conviction among market participants. Market technicians note the absence of distribution patterns typically seen during bearish reversals.
Institutional Solana Buying Ramps Up: The Nearly $600 Million Buy Shaking Up SOL
Solana is experiencing a surge in institutional demand, with publicly traded companies now holding over $591 million worth of SOL. Four firms—Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital—have collectively acquired more than 3.5 million SOL, marking one of the strongest waves of corporate accumulation in the asset’s history.
Leading the pack is Upexi, a Solana treasury company, which has acquired 1.9 million SOL at an average cost of $168.63 per token, investing approximately $320.4 million. Despite a slight dip in current valuation, the entire amount is staked, earning an 8% annual yield as of June 30.
DeFi Developments Corp follows closely, with approximately 1,182,685 SOL in its treasury. The company recently added 181,303 SOL on July 29 at an average price of $155.33 per token, maintaining an aggressive accumulation pace.
Solana Builds Momentum from Key Support: Is $206 Within Reach?
Solana (SOL) shows signs of a bullish resurgence after rebounding from a critical support zone near $155. The confluence of an ascending trend-line and Fibonacci retracement levels (0.618–0.7) suggests potential for upward momentum. Technical indicators, including the Stochastic RSI in oversold territory, hint at a local bottom formation—a precursor to strong rallies in trending markets.
On-chain data reinforces the optimism. CryptoQuant metrics reveal whale accumulation at current prices, while retail investor activity under $1 million has surged. This dual demand from large and small holders reflects growing confidence in SOL's trajectory. Market structure now mirrors historical setups that preceded significant price advances.
