Solana (SOL) is currently trading around $192, with AI-driven predictions suggesting it could surge to between $300 and $450 by the end of 2025. The AI platform Perplexity AI has analyzed market data to project this growth, which is attributed to the continued expansion of decentralized finance (DeFi).
The increasing adoption of non-fungible tokens (NFTs) and positive developments in exchange-traded funds (ETFs) also add to the price surge. This forecast indicates a potential upside of more than 100% from current prices.
Solana (SOL) is up 2.36% in 24 hours at press time, surpassing a market capitalization of over $103 billion. Solana boasts high trading activity and liquidity, with daily trading volume above $6.4 billion.
Solana price increased by approximately 28.8% over the last month; however, it has declined from nearly $205 on July 20. This peak was followed by a pullback, with support levels around $170 and $175, before the price consolidated above $188. The chart movement indicates a strong uptrend, marked by higher highs and lower lows.
Its market capitalization is currently $101.55 billion, making Solana one of the top six cryptocurrencies by market value. Technical analysis suggests solid resistance at around $205-$208 and strong support in the $170-$175 range, which can help maintain an upward trend.
Despite its recent rise, the Average Directional Index (ADX) reading of 15.49 indicates weak trend strength in the short term. Additionally, the Supertrend indicator signals bearish pressure, with the resistance above the actual price. These signals suggest Solana could face near-term pullbacks unless buyers increase control.
Analysts cite several key reasons for maintaining their bullish outlook, including the optimism that the Solana ETF will be approved, that the network will keep upgrading with scalability/speed-related improvement,s and that DeFi and gaming SeFi use cases will continue to be deployed on the Solana infrastructure.
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Meanwhile, Anatoly Yakovenko, co-founder of Solana, ignited controversy when he declared NFTs and memecoins to be “digital slop,” challenging their perceived value in the Web3 ecosystem.
This remark contrasts with the size of memecoins on the Solana network, which makes up more than 60% of dApp revenue and has a high daily trading volume. Critics argue that memecoins remain a primary driver of economic activity on the platform.
Statistics indicate that Solana earned revenues of $1.6 billion in the first half of 2025, with a significant portion of this revenue associated with memecoin speculation. Such incongruence between leadership messaging and ecosystem realities reveals tensions within the community. However, the native token's performance remains strong, with its active participation in the memecoin markets and continuous technological updates.