Solana (SOL) has surged back above $200, showing stronger upside than most of the top 10 cryptocurrencies. This rally is supported by increasing network usage, liquidity inflows, and favourable technical patterns that highlight Solana’s resilience compared to peers like Ethereum and Cardano. On the other hand, the Solana TVL has surged since the beginning of 2025, suggesting a strong backing from the bulls that may positively impact the SOL price in the coming days.
Since July, Solana has broken above the key $202 resistance for the third time, with the latest breakout emerging as the most decisive and powerful move yet. Hence, the traders now focus on whether SOL can build momentum toward the $300 target by the end of Q3 2025. Key resistance zones, volume trends, and market sentiment will play a decisive role in shaping Solana’s next big move.
Solana’s rebound above $200 isn’t just another price spike—it reflects a structural advantage over other leading cryptocurrencies. The network consistently handles 80M–100M daily transactions, while Ethereum averages barely 1M, showing why traders and developers prefer Solana for speed and scalability. Its daily active wallets exceed 5M, which is several times higher than most competitors in the top 10.
On the DeFi front, Solana’s Total Value Locked (TVL) has surged past $8.5B in 2025, cementing its position as the second-largest DeFi chain after Ethereum. Meanwhile, NFT activity continues to thrive, with over $1B in quarterly trading volume, supported by Solana’s low fees and fast confirmations. This combination of network strength, user adoption, and ecosystem expansion explains why Solana has rallied harder than Bitcoin, Ethereum, or Cardano, making it one of the standout performers in the ongoing crypto bull cycle.
Regardless of the ‘Chaos’ in the market, the SOL price continues to trade within a bullish range, signifying the rising dominance of the buyers over sellers. On the contrary, the sellers have always challenged the rally at $210, pushing the levels back to the support at $180. The current breakout appears to be a little diverse, as it is backed by strong buying volume, with the technicals favoring the rise.
As seen in the chart, the SOL price rally remains stuck within an ascending triangle and is trying to break the barrier ahead of the pivotal resistance. The levels at $202 have been a strong threshold in recent times, and hence a daily close above the range is expected to revive hopes of entering the resistance zone between $220 and $225. No doubt the token holds a record of a couple of failed attempts in the recent past, but the current conditions vary.
The RSI is yet to reach the upper threshold, much different from the previous attempt to break the resistance. Meanwhile, the MACD indicates the buying pressure has just begun to mount, while the previous attempts occurred either when the buying pressure reached its peak or when it had begun to fade. Hence, technically, the Solana price appears poised to reach $220 in the coming week, and a sustained rise above $250 could pave the way for a new ATH above $300 by the end of Q3, 2025.
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