News View Non-AMP

Solana Price Prediction: Potential Rally to $180 as SOL Finds Strength in Whale Buys

Published by
Sohrab Khawas

In the category of United States-made crypto assets, Solana (SOL) remains one of the most sought-after digital assets by both retail and institutional investors. The large-cap altcoin, with a fully diluted valuation of about $72 billion, recorded a 24 percent growth in its 24-hour average traded volume to about $5 billion on Saturday during the early European trading session.

As the dust for the U.S. reciprocal tariffs gradually settles, it is clear that Bitcoin (BTC) and the wider altcoin market are a better hedge against macroeconomic uncertainties. Moreover, Wall Street experts – led by J.P Morgan research that lowered U.S. growth estimate in 2025 by 1.6 percent – forecast a possible global recession. 

Solana Network Growth

The Solana network has experienced explosive growth in the tokenization of real-world assets (RWA) led by stablecoins in the recent past. With a total value locked of about $6.6 billion at the time of this writing, the Solana network has added over $8 billion in stablecoins minted since the re-election of U.S. President Donald Trump, late last year.

Among the recent notable integrations of the Solana network is with Venmo and PayPal. On Friday, payment giant PayPal announced the expansion of its U.S. cryptocurrency services to include Solana and Chainlink (LINK).

Also Read: XRP News Today: Price Rises 4%, Ripple Outpaces BTC and ETH in South Korea

What Next for SOL Price?

After being trapped in a correction mode since the second inauguration of U.S. President Donald Trump, SOL price has signaled a potential reversal towards a parabolic rally soon. 

From a technical analysis standpoint, the SOL price has established a robust support level of around $113. Notably, SOL price has formed a double bottom around $113, in the daily timeframe, coupled with a rising divergence of the Relative Strength Index (RSI).

If Bitcoin price regains bullish momentum and rallies above $85k soon, SOL price will rebound above $177 in the near future. However, a consistent close below $113 will trigger a rejuvenated capitulation below $100k in the subsequent weeks.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Will Bitcoin Crash Again? Bearish Pattern Spotted

Amid the ongoing tariff war, Bitcoin (BTC), the world’s largest cryptocurrency by market cap, is…

April 5, 2025

Bitcoin Outperforming the Tech Stocks—Is It a Good Sign for the BTC Price Rally?

The Bitcoin volatility has risen over the past few weeks as the price has been…

April 5, 2025

What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify!

In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced…

April 5, 2025

Why Is Ethereum Price Underperforming in 2025?

Ethereum (ETH), the world’s second-largest cryptocurrency by market value, is going through a rough patch.…

April 5, 2025

FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened

FTX’s bankruptcy case has just taken a big step. Nearly 400,000 customer claims—worth up to…

April 5, 2025

Investors Turn Bullish on Solana as it Rises Above $120—Will SOL Price Bounce Back Past $150 This Month?

Solana has been gaining a huge amount of attention ever since it began to outpace…

April 5, 2025