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By CoinPedia News
Solana (SOL) has surpassed the $200 mark after an impressive daily jump of 15%, triggering a new bullish momentum in the market. This breakthrough indicates growing investor confidence, fueled by increasing network activity and rising interest from institutional investors. With the momentum building, SOL appears set for further growth of 20% in the near future. Although the range around $205 has recently posed serious resistance, the question seems to be whether the price of SOL can reach $220 by August 2025.
Solana (SOL) has surpassed the $200 mark, reflecting a powerful wave of bullish sentiment supported by strong fundamental factors. The recent rise is attributed to the following factors:
Developer activity and network upgrades — Ongoing innovations, ecosystem expansion, and protocol enhancements strengthen Solana's position as a high-performance blockchain.
Accumulation in the network — Long-term holders are increasing their positions, indicating confidence in sustainable price growth.
Growth of NFTs and meme coins — The rising activity of NFTs and meme tokens on Solana is driving demand in the network and transaction volumes.
The combination of these factors creates a favorable market environment for SOL, with traders eyeing the $240 level as the next potential target. The breakthrough above $200 also confirms growing interest from retail participants and crypto enthusiasts, making Solana the center of attention in the ongoing market rally. If momentum continues, SOL may continue to rise, solidifying its status as one of the most successful altcoins in 2025.
The recent rise of Solana above $200, driven by active developer activity, accumulation in the blockchain, and growing demand in the NFT ecosystem, has intensified speculation about a move towards $250. If bullish momentum and high trading volumes persist, overcoming this psychological level is possible. However, maintaining levels above key price zones will be crucial for confirming a decisive breakout within the month.
The price of SOL is forming a strong ascending wedge, which is typically bearish, but if it can break through resistance, short-term growth to $220 may be inevitable.
The price is trading above the Ichimoku cloud, while levels are about to cross towards a bullish trend. This confirms a bullish outlook.
Additionally, the CMF has been declining since early August, and a sharp rebound above zero indicates an influx of funds onto the platform. Considering all technical data and chart patterns, the price of Solana is likely to reach a monthly high of around $220, with achieving $250 only possible after breaking and holding above the resistance zone between $219 and $222.
In summary!
Based on the current technical structure, market dynamics, and the trends we discussed regarding ecosystem growth, Solana (SOL) may maintain its bullish trajectory until August 2025. If the price holds above $200 and breaks the $220 supply zone on high trading volume, the next target for growth lies around $244–$250. In the event of a prolonged rally, SOL could test $268. However, if the stocks do not hold above $200, it may trigger a pullback to the demand zone of $180–$185 before an attempt at a new breakout is made.
