Solana News Today: Solana Eyes $250 As Bulls Regain Control Amid Strong Rally

Solana ($SOL) has begun showing signs of a potential recovery as bullish sentiment returns to the market. The asset, known for its high throughput and scalable infrastructure, is currently trading above key moving averages, with its price climbing above the 50-day and 20-day SMAs at $163 and $178, respectively [2]. A breakout above the $178 level could signal further upward movement, reinforcing the notion that bulls are regaining control [2].

Technical indicators also support this bullish momentum. The Relative Strength Index (RSI) is currently at 60, indicating strong buying pressure without signs of overbought conditions [3]. Meanwhile, the Moving Average Convergence Divergence (MACD) shows positive divergence, suggesting a potential continuation of the uptrend [3]. If Solana successfully reclaims key price zones, it could open the door to the $190–$200 region, with some analysts eyeing a possible move to $211 [3].

Market sentiment has also shifted in favor of $SOL. The positive balance of power (BoP) reading for the asset indicates that buyers are gaining traction, strengthening the ongoing price recovery [1]. Analysts are projecting a potential rise to $250 in August 2025, which would represent a 51% increase from its current value [2]. This would significantly outperform other major cryptocurrencies, as Solana has already gained 34% year-to-date, compared to Ethereum’s 18% [3].

The upward momentum is further supported by broader crypto market gains. Most of the top ten tokens on CoinMarketCap have posted solid daily gains, with Bitcoin surpassing $116,000 and Ethereum climbing above $3,800 [5]. Solana has also jumped over 5% in this rally, reinforcing its position as a key player in the altcoin space [5].

The optimism around Solana is not just driven by price action but also by fundamental developments. Major network upgrades have enhanced scalability and reduced latency, making it an attractive platform for DeFi and NFT projects [3]. Institutional adoption is also on the rise, with firms like VanEck expressing interest in Solana’s long-term potential [3].

While the bulls are gaining control, it is important to note that not all news surrounding Solana is positive. A recent SPAC deal for a Solana-based financial tool was canceled amid significant losses in the hedge fund sector, highlighting the risks inherent in crypto investing [6]. Nevertheless, these challenges have not dampened the overall bullish sentiment.

In summary, Solana is exhibiting early signs of a strong recovery, supported by both technical and fundamental factors. Analysts remain cautiously optimistic about the possibility of a move toward $211 or even $250 in the coming months, though risks remain. As the broader market continues to evolve, Solana’s performance will be closely monitored by investors and analysts alike.

Sources:

[1] BeInCrypto (https://beincrypto.com/sol-bulls-eye-180-pushes-price/)

[2] Crypto (https://cryptoadventure.com/solana-price-predicted-to-regain-250-in-august-but-little-pepe-lilpepe-could-leave-sol-gains-behind-in-2025/)

[3] InteractiveCrypto (https://www.interactivecrypto.com/solana-to-211-insider-data-says-a-20-surge-could-be-imminent)

[4] TradingView (https://www.tradingview.com/symbols/SOLUSDT.P/ideas/page-2/)

[5] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1020682-20250807)

[6] The Economic Times (https://m.economictimes.com/crypto-news-today-live-08-aug-2025/liveblog/123173392.cms)