Solana (SOL) Surges 15% in Seven Days—What’s Fueling the Rally?
Solana’s native token SOL just ripped past another resistance level—up 15% this week alone. The ’Ethereum killer’ is flexing its low-fee, high-speed muscles again while legacy chains gasp for throughput.
Behind the pump: Institutional inflows hit a 3-month high, and memecoin degenerates keep piling into SOL-based tokens. Even the NFT crowd is creeping back after last year’s nuclear winter.
Where next? Technicals scream overbought, but since when did crypto care about fundamentals? Watch the $200 psychological barrier—break that, and the path to ATHs opens up. Just don’t tell the SEC we called it an ’investment.’
Where is Solana SOL Price Going Next?
According to CoinCodex, Solana (SOL) will move in a sideways trajectory over the coming weeks. Indeed, the coin prediction site is bearish on SOL, suggesting the coin will dip by May. “According to our current Solana price prediction, the price of Solana is predicted to drop by -7.35% and reach $ 140.99 by May 30, 2025,” the CC analysts say. “Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 53 (Neutral).”
With $SOL holding above the $145 support and currently trading at $148, investors are eyeing the next major price level. Other analysts point to a cup-and-handle formation on the weekly chart, with a break above the $155 resistance potentially opening the door to that $180 rally. Furthermore, $SOL futures open interest hit $5.75 billion on Wednesday, suggesting the next target could stretch to $200 even before any ETF approval.
Beyond the near future, several experts in the market predict that Solana SOL can reach a high of $500 by this year. On the contrary, SOL has been moving quite slowly. According to CoinCodex, the asset will most likely carry its current trend throughout the year. Therefore, $500 could be out of the picture for the altcoin. The firm revealed that SOL will be able to achieve this milestone only in the year 2029. During this period, the asset will trade at a maximum price of $505.65. This comes after a 237% rise from its current price level.
