Solana (SOL) has experienced high volatility this year, with significant bullish scenarios and challenges. As of today, at press time, the coin is trading at $219.05 (5.65%). This increase from the previous close is highly beneficial for the coin. Let’s see why..
Also Read: Solana On Edge: Bearish Setup Could Drag Price to $160
At the time of writing, the coin is trading at a volume of $10.78 billion and has a market capitalization of $118.78 billion. Despite the bullish start for the year, the coin saw a bearish crossover in early 2025.
SOL is now testing resistance (Blue) at $218.82. If the bullish trend continues, the coin can reach $220. The support line (Yellow) is at $199.41 and can fall to $190 if the value goes down. The moving average indicator in the chart below indicates a bullish scenario for the cryptocurrency, as the line is positioned below the candlesticks.
According to data provided by CoinCodex, SOL is expected to have a potential ROI of 11.03% by the end of this year. According to this very same data, this month the altcoin will most probably have an average price of $219.49.
Also Read: Solana Surges Above $200, Is a Major Breakout Next?
The data given by Crypto Rank suggests that Solana may finish the year with a bullish trend. In February, the price plummeted, below $150, making all concerned. By mid-2025, SOL recovered by reaching almost $130. Stabilization in market conditions is one of the reasons for this resurgence.
The Relative Strength Index indicator in the below chart shows that SOL is at 61.79 and 56.86 median, indicating normal buying activity.
Solana is predicted to finish the year by amending in a trading channel between $ 241.46
and $ 243.66. This would mean that the price of SOL increased by 11.00% in comparison to today’s prices (assuming December’s average price of $ 242.69). Investors should closely monitor all the macroeconomic developments to analyze Solana’s potential for stable growth.
Also Read: Solana (SOL) Strategies Gets Nasdaq Approval, Prepares for Major Growth
