Looking at the charts, Solana has formed a bullish flag pattern, which often signals further price increases.
If $SOL can break and hold above the $235 resistance level, it’s possible to try and catch $400 in the short term. The Relative Strength Index (RSI) sits near 49, which means the market isn’t overbought or oversold — there’s room for more movement upward.
Trading volume has also been strong, hitting $32.46 billion last week. This high activity suggests solid interest from both retail and institutional investors. Additionally, the amount of SOL available on exchanges has dropped by 13%, indicating that many holders are opting to stake rather than sell.
For Solana to reach $500, it needs to clear critical resistance levels. The first hurdle is $235. If it breaks this, the next significant target is $400.
Beyond that, $420 is a key psychological and historical level that could pave the way toward $500. On the downside, $200 is the main support level to watch. As long as SOL stays above this, the bullish case remains intact.
Experts like VanEck predict Solana could hit $500 by 2025, and they say this cycle holds the potential to reach new highs, particularly if major altcoins and Bitcoin continue to rally. The recent announcement of Grayscale’s plans to convert its Solana Trust into a spot ETF has also added momentum. #solana #sol #2025
