Sol Analysis: Is It the Perfect Time to Buy SOL Before It Skyrockets?
Hi Binance Family!
Solana (SOL) has been making a strong comeback recently, and many are wondering if this is the right time to accumulate before its next potential breakout. Let’s break down the data:
As of June 22, 2025, SOL is trading around $135.32.
The price has bounced from a low of roughly $126.00, gaining nearly 7.3% in 24 hours.
Trading volume surged to approximately 43.19K in the 15-minute interval, hinting at increased buyer interest.
According to data from CoinMarketCap, SOL has a market cap of roughly $57 billion (as of June 2025), making it the 5th largest crypto by market capitalization.
Its all-time high was $260 (Nov 2021), implying it is still roughly 48% down, leaving room for long-term growth.
Technical indicators also suggest bullish momentum:
The price is holding above its short-term moving averages, with an ascending trendline suggesting an uptrend.
A breakout past the $137–$142 resistance range could open doors for further gains.
According to Messari’s Q1 2025 Solana report, network activity has increased, with daily active wallets rising by 18% quarter-over-quarter, and total value locked (TVL) reaching $4.2 billion, indicating strong user adoption and growing DeFi activity.
Final Thoughts:
SOL’s strong recovery combined with growing network activity positions it as a promising candidate for long-term gains. Investors seeking exposure to one of the fastest-growing blockchains should consider dollar-cost averaging at these levels, as SOL appears to be gaining bullish momentum.
Source: CoinMarketCap, Messari Solana Report Q1 2025.