Solana Price Prediction: Experts See SOL Hitting $300 Before August Amid Bullish Chart Patterns
2025-07-13 16:13:13
Main Idea
Experts predict Solana (SOL) could reach $300 by August 2025, driven by bullish chart patterns and significant on-chain liquidity from events like the PumpFun ICO.
Key Points
1. Solana (SOL) is currently trading at $163.43, with a 12.87% gain over the last 30 days and an $87.65 billion market capitalization.
2. Analysts compare the current price action to April's breakout, which led to a peak of $187 in May, and now project a target of $300 by August.
3. PumpFun's ICO raised $500M in on-chain liquidity, reinforcing Solana's competitive edge among layer-1 blockchains.
4. Technical analysis shows SOL reclaiming the 89-week EMA, with potential targets at $185, $195, and up to $252 if momentum continues.
5. Snorter Bot (SNORT), a Solana memecoin sniping tool, has raised over $1.6M in its presale, indicating strong investor interest in Solana-based projects.
Description
Solana( SOL ) is back at it, showing renewed strength after successfully breaking the $160 resistance level for the second time within the past three months. Currently trading at $163.43, SOL has gained 12.87% over the last 30 days, commanding an $87.65 billion market capitalization that has solidified its position as the sixth-largest cryptocurrency in the market. Analysts now believe the recent price action mirrors the $125 breakout witnessed in April, which subsequently led to a $187 peak in ...
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