Solana (SOL) has been consolidating near key resistance levels, while much of the market's focus has been on Bitcoin and Ethereum. According to market analysts, Solana's recent price behavior indicates a potential for a significant rebound if it surpasses the $160-$165 range.
After reaching a peak in early May 2025, SOL retraced to around $150, mirroring a broader market correction influenced by global economic factors. Despite this slowdown, analysts remain optimistic about Solana's medium-term prospects. Should SOL establish support above $180, its technical structure suggests a pathway for a breakout, particularly if Bitcoin dominance diminishes and Ethereum experiences a breakout.
Solana's robust developer ecosystem and scalability could position it as a leading digital asset, attracting new investment and spearheading the next altcoin rally. Market forecasts estimate Solana's price could reach between $154.79 and $194.49 by the end of 2025. Some analysts even predict a surge to $380, driven by increased institutional interest and adoption in DeFi and NFT sectors.
This article is based on an analysis of materials from Cointelegraph, CoinCodex, and Binance.