Solana Exceeds $225: $780 Price Target?

Solana rose to $231 today, up 3% in 24 hours as the cryptocurrency market rose.

SOL has dropped 4% in a week but increased 11.5% in a month and 225% in a year.

Bitwise's aggressive 2025 price estimates, including a $750 Solana objective, suggest such increases are only the beginning.

Though ambitious, Solana's momentum and SOL ETFs' expected arrival next year show it's possible.

Ryan Rasmussen, Bitwise's director of research, projected on X that Bitcoin (BTC) would hit $200,000 next year and Coinbase will enter the S&P 500.


Solana anticipated a $750 peak based on major project migration and meme coin use.

Solscan data shows that non-vote transactions on Solana's network have increased to approximately 60 million per day in the last month.

This shows strong trade, but it may also signal increased Solana network usage, including meme token issuance.

According to DefiLlama, Solana's total value locked in has increased by 915% in the last year, while SOL's price has increased by 225%.

There are numerous grounds to be hopeful about Solana, and with SOL-based ETFs becoming more likely after Trump's second term, the alt might increase next year.

Today's chart shows the coin rebounding well after hitting an oversold position yesterday, with its RSI (purple) around 60.

More bullishly, SOL's 30-period moving average (orange) has climbed near to the 200-period (blue) and seems to go above the longer term indicator, suggesting a breakout.

These technicals and Solana's medium- and long-term momentum suggest it might hit $265 by year's end and $300 by Q1 2025.

#Solana #MajorAirdropWatch #BTCReclaims101K $SOL