2025 has been an interesting year for cryptocurrencies. With Bitcoin (BTC) as a flag, the Altcoins have also seen an increase in price that has drawn the attention of retail and institutional investors.
After the victory of Donald Trump last year in the US presidential elections, Solana (Sol) marked a historical maximum of USD 294. In addition, he surpassed the cryptocurrency of Binance, Binance Coin (BNB), becoming the fifth largest cryptoactive for market capitalization.
Right now, Sol quotes in USD 154, 47% of its historical maximum. This fall Aroused interest among those looking for the opportunity to join the sunas institutional investors.
While Sol has been following the widespread feeling of the market of a lower risk appetite, the expectation for an explosive increase in the price of cryptocurrency is still valid among investors. The doubt is whether this will be maintained by the rest of the 2025 or if, on the contrary, risk aversion will make presence, impacting directly on the cryptocurrency market.
Now, what’s still for the sun’s price? The market analyst and Trader, Dean Popplewell, offers a perspective Optimistic for asset contribution, product of different factors.
The first factor that the analyst shows is that the mobile socks, in the long term, such as 100 and 200 days, suggest that there is an upward bias for sun that is breaking key support levels, as seen in the graph below:
As cryptopedia, cryptootic educational section, mobile socks are a technical indicator follower of trend, which is based on data from the past to offer an average value in the present.
In the case of sun, that mobile socks have that behavior suggests that cryptocurrency has found a medium and long -term buying pressureaccording to Popplewell, who believes that the price of sun should be maintained in a general upward trend if the current impulse continues.
The sun’s price situation has already been evaluated before. In March, the analyst Erika Espinal said that the cryptocurrency could reach $ 300, and did not rule out a scenario in which the asset shoots up to $ 1,000. For her: “Solana is not dead.”
Sample of the life that still has a sun in the market is that this cryptocurrency could soon have its own funds quoted in the stock market (ETF) negotiating in the United States, as Bitcoin and Ether already have them, the cryptocurrency of the Ethereum network.
If becoming a reality, institutional investment in Sol would be facilitated, improving its liquidity and causing a bullish impulse For that cryptoactive, provided that the demand is greater than the supply.
Until now, several financial companies, including Grayscale, Vaneck, Canary Capital, 21Shares, Wisdomtree and Franklin Templeton, submitted applications to the Bag and Securities Commission (SEC) to launch their own ETF based on sun, as cryptoics reported.
Neutral indicators
But Popplewell also detects that there are indicators They are in a neutral or even bassist bias. For example, the relative force index (RSI) and stochastic indices have marked Sol as ‘overcompraced’. That sun is marked as such suggests that its price has risen a lot and fast, which could lead to a correction in the short term. Although the market can remain overcompared for a while if the bullish impulse is strong.
Also, the index MOVING AVREGENCE DIVERGENCE (Macd) shows a weakened bullish trend, with the distance between the MACD line and the signal line reducing.
When the distance between the MACD line and the signal line is reduced, it indicates that the difference between the short and long term mobile soils is narrowing, which is usually interpreted as a sign that the bullish impulse is weakening.
Now, this does not necessarily mean that the price will fall immediately, but it does suggest that buyers could be losing control, which could lead to consolidation or a possible correction in the short termdepending on other market factors. Among them, unfavorable decisions around Sol ETFs or an abrupt fall of larger cryptocurrencies, for example.
Currently, the sun price is below the range between USD 165 and USD 184, as seen in the graph of tradingview below. These quotes are a historical range where bullish trends are consolidated or break.
This means that a recovery and subsequent breakdown above this level would suggest a greater upward impulse, while the opposite I could impose more falls from the maximum of JanuaryPopplewell clarifies.
As the Arslan Butt market analyst sees, it is most likely that short -term pricing action tests lower levels based on the double ceiling pattern. He Believe That USD 136 is the key negative objective and that the following crucial support comes from USD 105, which, in case the current weakness persists, “can be a significant psychological inflection point.”
The volume of trade in the DEX grows
Given this ambiguity of technical indicators, it is useful to observe the on-chain data. Popplewell detects that there has been a remarkable increase in the volume of Sun Trade in Decentralized Exchanges (DEX), surpassing many other cryptocurrencies of great capitalization.
As can be seen in the graph Defillama, Sol reported a volume of trade in Dex dex almost 96,000 million dollars during the newly completed May. And so far this year, the figure increases to more than USD 580,000 million:
For Popplewell, the increase in the volume of commerce in the DEX suggests “higher levels of user activity, liquidity and a growing utility for the Solana network.” This, he says, It is “aeterator for medium and long term.”
These three combined elements – activity, liquidity and utility— They reinforce the sustainability and growth potential of Solana in the medium and long term, since a more active and robust network tends to maintain or increase its relevance and value in the market, which is encouraging for the price of sun and its future adoption.
As cryptootics analyzed, Solana has enormous potential not yet exploited. This is due to new updates and that this network “has become the market leader in key metrics, such as the number of monthly active users, rates for rates and the amount of daily transactions, surpassing Ethereum, its layers 2 and all the other block chains of the competition”, according to the Evan DaWe analyst, as reported in March 2025.
Strategic cryptocurrency reserve
The last factor that identifies Popplewell as relevant to Solana is the strategic cryptocurrency reserve in the United States. This, remembering that President Trump promised to include Sol in this treasury last year, when he was campaigning. Something that he fulfilled after signing an executive order last March, as Cryptonotics reported.
For the analyst, Trump has given a true utility to Solana. This, having even launched Memecoins projects on this network, such as the Token Official Trump (Trump).
Although there are those who are skeptical in terms of the US government approach. UU. Towards cryptocurrencies, including the solana co -founder, the short -term effects on sun prices have been positive.
As seen in the graph of tradingview below, Sol undertook an explosive climb after the announcement of the strategic cryptocurrency reserve In the United States. Then he corrected to the same extent and subsequently undertook a mixed movement, although predominantly bullish, which has remained so far.
While this cryptocurrency reserve is brewing, another trend is presenting. The Solana Treasury is already a reality in large companies that, emulating the example of Strategy and Bitcoin, They have chosen to have reservations of that Altcoin.
An example is Janover, an American company quoted in the stock market focused on the real estate industry, which began to accumulate sun as treasury asset this year, as cryptootics reported.
Another company is Sol Strategies, focused on investment services. That entity acquired 40,300 Sol between January 19 and 31 of this year for approximately 9.9 million dollars, according to the market price of that moment.
The cards are thrown
The cards are thrown For Sol, follow a bullish path that takes it to new recordsbut, as always, the realization of this depends on factors that go beyond the aspirations of investors.
The geopolitical climate, macroeconomic tensions and the impulse of the market in general, They are elements that could influence a rise or low of the price of this digital asset. This, in addition to the strong sun and bitcoin correlation, as shown below:
In that order of ideas, although everything is given for Sol is overcome, caution, in these cases, becomes the best of allies. Projects like this, which have even been pejoratively qualified as the “Casino de las Memecoins”, merit that investors have at least Technical knowledge of the market operation.
Clarification: This article is written as an informative way. It does not constitute an investment recommendation or financial council. Each investor is responsible for conducting their own research.
