Solana's Token Valuation Decreases by 10% on Exchanges as Market Aims for $206 Price Barrier
In the world of cryptocurrencies, Solana (SOL) is making waves with a surge in its Total Value Locked (TVL) reaching a 3-year high in native SOL terms. This growth indicates a significant increase in network utilization, as more SOL tokens are being deployed across DeFi protocols than at any point since the previous market cycle peak.
The bullish sentiment is further strengthened by a surge in buyer volume among retail traders, particularly those with positions under $1 million. This trend suggests a continued bull run for Solana in the coming months.
On July 24th, a notable spike of $13.4 million flowed into Solana ETFs, adding institutional interest to the mix. This influx of capital, combined with the anticipation of a spot Solana ETF, is expected to support medium-term price appreciation.
Technical Indicators Point to Upside Potential
Technical indicators show Solana consolidating near $175-$180 with resistance around $180–$185. A breakout beyond this zone could lead to new monthly highs near $210–$220. Momentum indicators signal mild accumulation, but intraday oversold conditions suggest a potential short-term bounce.
Solana's price has rebounded from a key support level around $155. The Stochastic RSI entered oversold territory during the recent dip, suggesting a local bottom. Decreasing sell volume during price tests indicates weakening bearish pressure.
Institutional Interest and Retail Activity Fuel Growth
Institutional interest is on the rise, highlighted by inflows and anticipation of a spot Solana ETF. This adds capital inflows and confidence, supporting medium-term price appreciation. Retail investor and on-chain activity remain strong, with increased network usage in NFTs, DeFi, and gaming. Millions of daily active addresses and high transaction volumes reflect a healthy, engaged user base.
Upcoming Alpenglow Network Upgrade Boosts Solana's Future
The upcoming Alpenglow network upgrade is a significant catalyst, expected to enhance Solana’s speed, stability, and capacity. This tech improvement should boost scalability and attract more developers and investors, potentially driving prices toward higher targets such as $300 and beyond in 2025-2026.
Potential Price Zones in August 2025
| Scenario | Price Range (USD) | Drivers | |---------------|-----------------------|----------------------------------------------| | Bullish | $210 - $220 | Breakout above resistance, strong inflows, Alpenglow upgrade[1][2][4] | | Neutral | $190 - $200 | Continued steady growth and ecosystem expansion[1] | | Bearish | $160 - $170 | Market corrections, macroeconomic uncertainty[1][3] |
Longer-term technical forecasts suggest potential averages near $300 in 2026 and further gains above $400 in 2027 if positive trends persist.
In conclusion, Solana exhibits strong institutional and retail interest supported by robust on-chain metrics and technical upgrades, making its mid-term market outlook optimistic but sensitive to broader crypto market conditions.
Reclaiming and holding above $176 would be a key confirmation of renewed bullish momentum, while the $155 support level remains crucial to watch. Solana's TVL measured in native SOL terms has reached its highest point in over three years, demonstrating increasing user commitment and activity on the Solana blockchain. The golden crossover beginning to form on the daily chart adds another classic bullish momentum signal to the mix.
Solana is currently trading at approximately $167.99, up 2.50% in the last 24 hours. ETF inflows for Solana have totaled $137.4 million since mid-July. The next major hurdle for Solana is the local high of $206, a level where sellers previously overwhelmed buyers. CryptoQuant's data shows that whale addresses have been quietly placing orders at current trading prices, often preceding major price movements.
[1] Cointelegraph [2] CoinDesk [3] The Block [4] Messari [5] TradingView
- With Solana's Total Value Locked reaching a 3-year high and the anticipation of a spot Solana ETF, there is a growing expectation for medium-term price appreciation, especially due to institutional interest and continued retail activity.
- In the realm of technology, Solana's upcoming Alpenglow network upgrade could significantly boost its scalability, attracting more developers and investors, potentially leading to price targets such as $300 and beyond by 2025-2026.
- The growth in Solana's TVL has also been powered by increased network utilization across DeFi, NFTs, and gaming, demonstrating a healthy, engaged user base and significantly indicating a continued bull run for Solana in the coming months.
