Solana News Today: Solana Price Surges Over 60% on Strong Support and Institutional Inflows

Solana’s recent price trajectory has captured significant attention, with technical and fundamental indicators suggesting a potential continuation of its upward momentum. According to MakroVision’s analysis, Solana (SOL) has maintained a bullish framework despite a month-long rally, supported by a well-defined trendline that has guided its movements for months [1]. A critical support zone, termed the “golden pocket,” has proven resilient during recent corrections, acting as a catalyst for the current rally. Earlier projections by the firm identified a consolidation range of $126–$131, which successfully held before the price surged past $159. This breakout has positioned Solana for what analysts now describe as the early stages of a larger third wave move. As of the latest data, the price has climbed over 60% from its recent lows, reaching approximately $188 [1].

The firm’s forward-looking assessment highlights Fibonacci extension levels as key targets, with $236–$270 representing the next potential price range [1]. However, it cautions that short-term dips, such as a hypothetical pullback to $170, should not be interpreted as bearish signals. Instead, such movements could indicate a reaccumulation phase, provided the $170 level remains intact. The overall technical outlook remains constructive, with Solana demonstrating strength in both its price structure and market dynamics.

Meanwhile, recent market data reveals a more complex picture. On-chain metrics like the Spot Taker CVD for SOL have turned negative, signaling increased selling pressure amid a 2.6% decline over 24 hours, closing at $183.39 on July 24 [2]. This divergence between technical optimism and on-chain bearishness underscores the market’s conflicting signals. Yet, fundamental developments in Solana’s ecosystem continue to drive bullish narratives. Innovations such as Telegram-based tools—exemplified by Orbitt 2.0—have simplified token creation and liquidity provision, enabling developers to deploy projects via chat commands without coding expertise [7]. This low-barrier access could accelerate network activity and demand for SOL, particularly if the $190 breakout zone holds [6].

Institutional interest also appears to be a catalyst. A $311 million inflow into Solana-related products and ARK Invest’s strategic staking move have reinforced confidence in the asset [9]. These developments align with broader market optimism, as some analysts predict a convergence of favorable conditions for cryptocurrencies this week [8]. However, recent liquidation data reveals aggressive profit-taking by long-term holders, which has contributed to short-term sell-offs [10].

Predictive models further complicate the outlook. Grok’s analysis estimates a 70% probability of Solana reaching $300, citing its infrastructure and adoption trends [4]. Technical analyses suggest that a successful retest of the $190 threshold could unlock price targets at $205, $225, and beyond [6]. Nevertheless, risks persist as dips below critical support levels raise concerns about bearish momentum.

The interplay between Solana’s ecosystem advancements and market sentiment highlights its potential for sustained growth. Simplified token creation tools and institutional backing align with the chain’s ambition to lead in Web3 infrastructure. However, the realization of these optimistic projections will depend on broader market conditions, liquidity dynamics, and the resilience of key support levels.

References:

[1] MakroVision. https://coinmarketcap.com/community/articles/6888564f4b2f3f471eb491ba/

[2] Solana Price Forecast. https://www.mitrade.com/insights/news/live-news/article-3-993106-20250729

[4] Can Solana Hit $300 Again? https://bitcoinist.com/solana-300-price-prediction-grok-analysis/

[6] SOL Rally Fades But DeFi TVL Breaks $10B. https://coincentral.com/solana-price-prediction-sol-rally-fades-but-defi-tvl-breaks-10b-is-300-next/

[7] Solana (SOL) Price Surge. https://thetradable.com/crypto/solana-sol-price-surge-telegram-bots-make-token-launches-dead-simple-0

[8] Why the Crypto Market Might Be about to Surge. https://www.fxleaders.com/news/2025/07/28/why-the-crypto-market-might-be-about-to-surge/

[9] ARK Invest Deal and $311M Inflows. https://bravenewcoin.com/insights/solana-price-prediction-ark-invest-deal-and-311m-inflows-fuel-rally-towards-ath-levels

[10] Solana Bulls Take Hit. https://www.tradingview.com/news/u_today:498e58a70094b:0-solana-bulls-take-hit-in-10-401-3-aggressive-side-liquidation/