Solana : A Bullish Rally on the Horizon ?
Solana (SOL) is making waves in the crypto market! While the sector teeters between caution and euphoria, analyst Master Ananda (@MasterAnandaX on X) predicts a spectacular leap of +120% for SOL, aiming for $420 by the end of 2025.
This projection is based on a bullish technical structure and explosive on-chain activity, especially on decentralized exchanges (DEX). But what is fueling this frenzy around Solana?
Master Ananda highlights a “rounded bottom” pattern on SOL’s weekly chart, formed after a +80% rebound from the lows of April at $120. This bullish signal, combined with an RSI at 54 (indicating momentum without overheating) and a bullish MACD crossover, suggests that SOL could target the 1.618 Fibonacci extension at $420.
“As long as the support at $160 holds, SOL is on track for a new peak,” states Ananda on X. Even a correction below $160 would be a temporary “bear trap,” according to him, before a recovery towards $500 in the longer term.
Other traders share this optimism. CryptoZachLA (@CryptoZachLA) predicts $450 by the end of 2025, boosted by potential Solana ETF and technical improvements like Alpenglow. Jake Gagain (@JakeGagain) goes further, aiming for $500 in the next bullish wave, driven by the increasing adoption in DeFi.
On-Chain Activity : Solana in Frenzy
On-chain data confirms this hype. Solana processes over 50,000 transactions per second (TPS), compared to 15-30 for Ethereum, with average fees of $0.00026 per transaction. In 2024, the network saw 11 million active monthly addresses, a record reflecting massive adoption. The 24-hour trading volume reached $4.15 billion on May 26, 2025, up by 27.2% from the previous day, according to CoinGecko.
Solana’s DEXs, like Raydium, Orca, and Jupiter, are on fire. Raydium recorded a 24-hour volume of $450 million in June 2024, followed by Orca ($368 million) and Meteora ($150 million). Jupiter, a DEX aggregator, optimizes swaps to offer the best prices, attracting high-frequency traders.
The Total Value Locked (TVL) on Solana’s DEXs soared to $5.2 billion in May 2025, driven by the popularity of memecoins like BONK and DeFi protocols like Drift Protocol ($841 million TVL). This activity reflects robust liquidity and growing enthusiasm.
Traders’ Forecasts for 2025
Forecasts for 2025 vary, but optimism prevails. DigitalCoinPrice projects an average price of $482.56 for SOL, driven by ecosystem expansion and demand for fast blockchains. Coinpedia anticipates a range of $209.91 to $750, with an average of $579.95, if the bullish momentum continues.
Ben Armstrong (@BitBoy_Crypto) remains confident: “Solana is the future of DeFi. With 2,300 validators and almost zero fees, it surpasses Ethereum on scalability. $500 is within reach if outages stop.”
For 2025, SOL could target $420 if the support at $150-160 holds and on-chain activity remains strong. Traders like Master Ananda and CryptoZachLA firmly believe in it, but careful risk management is crucial in this unpredictable market.
Nevertheless, a deeper drop presents a buying opportunity, given Solana’s promising future. Indeed, the Alpenglow update could be a catalyst for Solana in 2025.
How to Buy Solana (SOL) on Bitget?
Here is a simple 5-step guide to quickly purchase Solana (SOL) on Bitget:
- Create a Bitget account: Sign up on Bitget with your email and a password. Verify your identity (KYC) with an ID within minutes.
- Deposit funds: Go to “Buy Crypto,” choose a credit card, bank transfer, or P2P, enter the amount (from $5), and add funds to your Bitget wallet.
- Buy USDT: Select USDT via “Buy Crypto” to easily trade SOL. Confirm with your payment method.
- Exchange your USDT for SOL: In “Trading” > “Spot,” search for the SOL/USDT pair, place a “Market” order, enter the amount, and click “Buy SOL”.
