Latest updates on Solana (Solana - SOL) 📉📈🚀
📰 Top news about Solana now
1. Strong price declines recently
The price of Solana dropped about 9–11% last week, affected by political tensions and new U.S. tariffs, falling below levels of $170 - $160.
In the last two days, we find that SOL is trading near $169 after a partial recovery from important support at $155–$165, but resistance at $171–$175 remains intact. If it breaks this area upwards, the bullish trend may consolidate.
2. Varied price predictions:
Some near-term forecasts suggest that the price may stabilize in the range of $162–$165 during August, with a possibility of testing the peak at $172–$175 before any potential breakthrough.
In the medium to long term, there are expectations of significant growth targeting levels between $120 – $293 by the end of 2025, and even $723 by 2030, driven by technical updates and growing institutional adoption.
While some see the price potentially dropping towards $138 before taking a new path, there is a more optimistic scenario involving rebounds towards $500 after regrouping between $140–$150.
3. Institutional adoption and regulatory governance
Companies like Franklin Templeton, Grayscale, and Fidelity have applied to create a Solana ETF with enhancements such as staking and dual custody, with initial inflow expectations reaching $2.9 billion and potentially up to $5.5 billion over the year.
R3 Bank and its partners (HSBC, Bank of America, Euroclear) are moving to integrate Solana into their financial systems, which is a strong sign of major institutions accepting the public infrastructure of smart contracts on the network.
4. Technical performance and technical expansion
The launch of the Alpenglow upgrade has brought about a radical change in consensus mechanisms, reducing transaction completion time to 100–150 milliseconds, enhancing Solana's ability to support instantaneous Web3 applications.
The developmental response is high, with nearly 7,600 new developers joining in 2024 (+83% annually), daily transactions ranging between 3–6 million active addresses, and DeFi locked values exceeding $9.3 billion.
5. Security challenges and fraudulent deception
Academic studies like SolPhishHunter revealed phishing attempts in the Solana ecosystem that resulted in losses of over one million dollars, leading to the creation of tools to detect such attacks.
Previous cases of security failures and rug-pulls in DeFi projects on Solana have been documented, highlighting the need to enhance governance and security.
📌 Summary of key trends
Trend: Evaluation
Current price: Trading around $168–$169, with resistances at $171–175 and supports at $155
Technical catalysts: Alpenglow upgrade, developer growth, and stability of on-chain metrics support future growth
Institutional adoption: ETF and integration of major financial institutions enhance confidence in the medium to long term.
Risks: Trade/economic market tensions, declining retail investor interest, and security risks.
Price predictions: A moderate range between $140–$290 by the end of 2025, with an ambitious target reaching $723 by 2030
