Here is an updated analysis of Solana (SOL) as of July 18, 2025:
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🔍 Technical Analysis
The current price stands at around $179.7, achieving a notable increase during the day.
SOL is trading within an ascending triangle: ranging between support at $162–167 and a resistance line around $178–185.
If the price breaks above the $185 area with a daily close, it may indicate a continuation of the upward trend towards **$200–230**.
Technical Indicators:
EMAs (4-hour) are arranged in an upward manner ($156–162) → Positive trend.
Bollinger Bands are narrowing → Possibility of a quick breakout either upwards or downwards.
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🧱 Fundamental Analysis
Productivity and Growth:
Solana is one of the fastest networks, supporting thousands of transactions per second with low fees.
Its network achieved revenues of $271 million in the second quarter of 2025, outperforming Ethereum.
A strategic partnership has been signed with R3 and major banks like HSBC and Bank of America to use Solana for outsourcing and accelerating financial transactions.
ETF Models and Institutional Participation:
An upward rally supported by expectations of ETFs specific to SOL, along with endorsements from major institutions.
Bitget forecasts a target of $300 by the end of 2025.
Challenges and Risks:
The network has faced several outages and attacks on smart contracts, which poses a technical concern.
Strong competition from Ethereum, Avalanche, and Cardano puts pressure on its market share.
