Is Solana (SOL) set to surge towards $420? Renowned analyst predicts a potential 120% rally driven by a bullish technical pattern. Explore the reasons behind this momentum and future outlook for 2025!
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 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.
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.
Here is a simple 5-step guide to quickly purchase Solana (SOL) on Bitget:
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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