Solana (SOL) price is closing in on the crucial $180 mark, sparking speculation that a breakout towards $200 could be on the horizon. After weeks of steady gains and surging network activity, traders are wondering whether this rally marks the start of a new rise or the calm before a reversal. With bullish momentum building and key technical indicators flashing green, the coming sessions could determine whether Solana’s run for 2025 is just beginning.
Overview of the current price of Solana
At press time, SOL is trading near $186, down nearly 2.34% in the past 24 hours, as broader crypto markets continue to see significant upward pressure. Trading volumes on centralized exchanges fell, with open interest on Solana futures also falling, signaling growing speculative activity.
Institutional flows also remain positive as Solana continues to attract capital through staking platforms and DeFi protocols built atop its network. The blockchain’s growing DEX volume and steady NFT activity have added fundamental support to its price base.
Solana Price Analysis: What’s Next for SOL?
Solana’s price rally was halted after failing to breach the pivotal resistance at $250. Additionally, the bearish start to the month strengthened the bears, while US-China trade tensions helped the token form an intraday low near $170. Since then, SOL price has made efforts to breach the $200 pivot resistance, but each attempt has failed. Currently, the token is consolidating just below this threshold, appearing to be accumulating strength to trigger a breakout soon.
The latest pullback appears to have pushed the token into a brief consolidation phase as the price entered the Ichimoku cloud, which is currently bearish. Levels have fallen below the baseline and hence continued bearish action could initiate a bearish crossover. Meanwhile, on-sale volume began to form lower highs and lower lows, hinting at increased selling pressure on increasing volume. Volume is constantly flowing out of the crypto, which could weaken the rally in the short term.
Solana Price Prediction: Will SOL Price Reach $220 by November 2025?
SOL price is heading towards a bearish close for the month as the RSI depletes on both the weekly and daily timeframes. However, bulls could defend the pivot resistance at $183, which could help the token start November trading on a bullish note. The current trading setup suggests that the price could surpass $200 and reach a range of $208 to $210 in the first few months. Support at $200 will keep the rally strong throughout the month and close the month above the resistance zone around $215 and $220.
Trust CoinPedia:
CoinPedia has been providing accurate and timely updates on cryptocurrencies and blockchain since 2017. All content is created by our expert panel of analysts and journalists, following strict editorial guidelines based on EEAT (Experience, Expertise, Authority, Trustworthiness). Each article is checked against reputable sources to ensure accuracy, transparency and reliability. Our review policy ensures unbiased reviews when recommending exchanges, platforms or tools. We strive to provide timely updates on everything crypto and blockchain related, from startups to industry majors.
Investment Disclaimer:
All opinions and ideas shared represent the author’s own views on current market conditions. Please do your own research before making any investment decisions. Neither the writer nor the publication takes responsibility for your financial choices.
Sponsored and advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are clearly marked and our editorial content remains entirely independent from our advertising partners.
