Solana Price Surges 34% to $208 on Institutional Demand

Solana's price is on the rise, with a potential target of $200 in July 2025, driven by a surge in institutional demand and network activity. The total value locked (TVL) on the Solana network has increased from $6 billion to $8.61 billion since April, indicating a robust growth in decentralized finance (DeFi) activity. This growth is further supported by the number of returning addresses, which has reached 3.3 million, suggesting a heightened interest and engagement within the Solana ecosystem.

The launch of staking Solana ETFs has also contributed to the rising institutional interest. These ETFs have recorded substantial trading volumes, with over $67 million in the last two days of trading. Additionally, plans for a Solana treasury are underway, following the recent purchase of 17,760 SOL tokens worth over $2.72 million by DeFi Development Corp. Such purchases are expected to bolster the Solana price in the coming weeks.

Analysts have noted a bullish fractal pattern in the Solana price, which hints at a potential 34% upside move to $208. This pattern mirrors the price action observed in April 2025, when Solana experienced a 65% increase. The current phase of this pattern suggests an upward slipping parallel channel, which, if it holds, could drive the price past $200 in July 2025. The AO histogram bars, which have moved into the positive region, further support the likelihood of gains, indicating that bulls may be regaining control.

However, the Solana price could face challenges if buying pressure fades, potentially leading to a retreat to lower levels. The current downward slope of the indicator suggests that significant gains may be prevented if it crosses into bearish territory. Despite this, the overall outlook remains bullish, with institutional demand and network growth serving as key drivers for a potential rally.

In conclusion, July 2025 could be a pivotal month for Solana, with institutional demand and network activity poised to drive the price towards the $200 mark. If the current bullish fractal pattern holds, Solana could experience a significant rally, potentially reaching $208. However, the price may face weakness if retail demand remains low, highlighting the importance of sustained institutional interest and network growth.