SOL Current Performance Review

Figure:https://www.gate.com/trade/SOL_USDT

By early July 2025, the SOL price stabilized in the range of $150–155. In the past 30 days, it has increased by more than 20%, outperforming the market average. Recently, Bitcoin broke through the $105,000 mark, injecting a boost into mainstream public chains like Ethereum and Solana.

In terms of trading volume, the 24-hour transaction amount of SOL has returned to above 2 billion USD, indicating active market trading. The on-chain TVL (Total Value Locked) has steadily increased since May, reaching 4.3 billion USD, a six-month high.

Technical Analysis: Breakthrough is Imminent

The technical analysis shows that SOL has attempted to break through the 200-day moving average (EMA200) at around $159 on the daily chart for four consecutive times. Each pullback has formed higher lows, creating a clear ascending channel.

Several key patterns indicate market potential:

• Cup handle pattern: If the price effectively breaks through the handle (around $162), the theoretical target value is $260–$285.
• Bull Flag Structure: Currently at the convergence end, if it breaks through the upper track with increased volume, the theoretical target for the rise is $335.
• RSI (Relative Strength Index): Located around 58, there is still room for an increase, and it has not entered the overbought area.

Analysis of Fundamental Catalysts

1. SOL Staking ETF Now Live: The SOL ETF (SSK) launched by REX Shares has sparked institutional interest, with $33 million traded on its first day. This ETF offers staking rewards and serves as a window for traditional capital to engage with SOL on a large scale.
2. Institutional capital inflow continues to increase: Institutions such as Bitwise and VanEck have increased their holdings of SOL, and the open interest (OI) in the futures market has surpassed $9 billion, indicating that leveraged traders are generally bullish.
3. Solana chain activity warms up: NFT on-chain transactions return to high levels, and the newly launched Firedancer validator significantly improves performance, which is expected to alleviate past network congestion issues and create conditions for future DApp expansion.

Analyst Opinion Summary

• Coinpedia predicts: After breaking the 200 EMA, SOL’s first target is $185, followed by looking towards $300.
• TheCoinRepublic: If the market maintains a bullish trend, SOL will complete the “inverse head and shoulders” pattern, targeting $260–$290.
• Cointelegraph: If ETFs can continue to attract institutional participation, SOL is expected to challenge $400 by the end of the year.

Risk Warning and Strategy Suggestions

Risk factors include:

• Macroeconomic fluctuations (such as the expectation of the Federal Reserve’s interest rate cuts failing)
• Bitcoin’s significant volatility drags down the market.
• Potential bugs or downtime risks on the SOL network

Beginner Advice Strategy:

• Breakthrough Entry: It is recommended to gradually build positions after the breakthrough of the $165 level.
• Set stop-loss: It is recommended to set a stop-loss level of 10%–15% for the initial position to strictly control drawdown.
• Long-term holders: If you are optimistic about the SOL ecosystem and on-chain innovations, you can make small, long-term investments to average out your costs.