Solana Price Prediction: Technicals Point to More Upside – Can SOL Hit $500 Within 2 Weeks?
Main Idea
The article presents a bullish Solana price prediction, suggesting SOL could reach $500 soon due to technical indicators, increasing retail and institutional interest, and potential ETF approvals.
Key Points
1. Solana's price prediction eyes a rapid run to $500, supported by bullish technical indicators like RSI and MACD.
2. New addresses participating in SOL transactions have increased by 51% since August 3, indicating growing retail interest.
3. Wallets holding over 10,000 SOL hit a record high of 5,224, suggesting strong institutional or large investor participation.
4. A breakout above $207 could propel SOL to reclaim its $300 all-time high, with potential to reach $500, a 183% gain from current prices.
5. Potential catalysts for further upside include TradFi demand through 401(k) inclusion and a spot SOL ETF approval, though the SEC has delayed its decision on Solana ETFs until October 16, 2025.
Description
New buyers are piling into Solana as on-chain data signals fresh demand – and the charts are lining up for a potential breakout into price discovery. Despite hotter-than-expected U.S. PPI data, investor sentiment remains risk-on, driven by speculation that interest rate cuts could begin as soon as September. That backdrop is fueling renewed retail momentum for SOL, with the altcoin showing signs of decoupling from macro headwinds. With technicals turning increasingly bullish, the near-term Solan...
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