Solana News Today: Solana Hits 50% Monthly Gain as Golden Cross and ETF Speculation Drive $300–$500 Price Targets

Solana (SOL) has captured significant attention in the cryptocurrency market, with analysts forecasting substantial price gains during the current bull run. The token is currently trading at $197.79, down 0.5% in the last 24 hours but up 18% weekly and nearly 50% monthly. Recent price action, including a breakout above $200 for the first time in five months, has fueled optimism among market participants. Analyst Christiaan Defi highlights key technical indicators, noting strong support near $196 and a potential surge past $254, which could drive the price to $400–$500 [1]. This projection aligns with broader market dynamics, including a golden cross technical signal—where the 50-day moving average crosses above the 200-day line—further suggesting a bullish trend [2].

The token’s fundamentals also support its upward trajectory. Solana’s total value locked (TVL) has surged to nearly $10 billion, driven by an $800 million inflow linked to rising staking activity. Its ecosystem continues to expand, with tokenized real-world assets (RWA) growing 140% year-to-date, surpassing $418 million [4]. Recent upgrades like Alpenglow and growing adoption in decentralized finance (DeFi) and NFTs have amplified its appeal. Notably, NFT trading volume on Solana hit $2 million in a 24-hour period—the highest in 113 days—while tokenized stocks recorded $300 million in transaction volume within 22 days [1].

Analysts attribute Solana’s momentum to favorable macroeconomic conditions and structural advantages. AI models, such as Grok, identify Solana as the top altcoin to watch in 2025, with a 14% probability of being the year’s best performer [1]. ETF speculation has also intensified, with prediction markets assigning a 99% chance of a spot SOL ETF in 2025. 21Shares, a major ETF issuer, has shifted to a bullish stance, projecting a 30% price rally supported by the golden cross and strategic positioning [6].

However, not all forecasts are uniformly positive. While some analysts emphasize Solana’s potential to outperform Ethereum amid favorable market conditions [5], others caution that the token could face challenges similar to the LUNA collapse. Divergence in higher timeframes against BTC, ETH, and other altcoins, along with rejections at key moving averages, raises concerns about sustainability [1].

Despite these risks, the asset has demonstrated resilience. Analyst Daan Crypto notes that Solana has broken above critical resistance at $180, with momentum favoring buyers. The next key price targets are the $248–$259 range, contingent on breaking the $216 resistance level [1]. A potential rotation of capital from ETH to Solana, coupled with treasury announcements or ETF approvals, could further accelerate its ascent [1].

Solana’s trajectory hinges on a combination of technical strength, institutional adoption via staked ETFs, and ecosystem expansion. Analysts have outlined price targets ranging from $300 to $500, depending on market cycles and execution. While these projections reflect bullish sentiment, they remain speculative and should not be conflated with guaranteed outcomes.

Source: [1] [Solana Could Skyrocket To $500 This Bull Run: Analyst](https://coinpedia.org/news/solana-could-skyrocket-to-500-this-bull-run-analyst/) [2] [Solana Price Flashes Golden Cross as Staked SOL ETF Hits Key Milestone](https://coingape.com/markets/solana-price-flashes-golden-cross-as-staked-sol-etf-hits-key-milestone/) [4] [As Bitcoin and Ethereum Soar, Should Investors Hop Onto...](https://finance.yahoo.com/news/bitcoin-ethereum-soar-investors-hop-114500052.html) [5] [Analyst Drops 'Realistic' Price Predictions For Bitcoin...](https://www.mitrade.com/au/insights/news/live-news/article-3-978487-20250723) [6] [Solana Price Prediction- 21Shares Bets Big on Solana...](https://coingape.com/markets/solana-price-prediction-21shares-bets-big-on-solana-instead-of-ethereum-as-sol-targets-300/)