Solana Price Prediction: 2025 Sees Bullish Breakout Building as SOL Targets $200

Solana is starting to gain momentum as positive developments start to circulate. Price is holding near key levels, a clean technical structure is shaping up, and on-chain metrics are flashing green across the board. While SOL hasn’t made its next big move yet, but the setup is looking increasingly primed for a rally.

Solana is showing signs of strength again, and this time it’s backed by clean technicals. Analyst Jesse Peralta has highlighted a potential curling bottom forming inside the wedge, with a projected breakout eyeing the $200 mark. While the move hasn’t been confirmed yet but Jesse Peralta anticipates a breakout in this style.

Solana forms a curling bottom inside a falling wedge, setting sights on a potential breakout toward $200. Source: Jesse Peralta via X

The key to watch here is whether SOL can break above the wedge’s upper trendline with strong volume. If that happens, it could trigger a fresh leg upward, especially if BTC and ETH hold steady. Until then, the setup remains a possibility rather than a confirmation, but it’s one worth tracking closely for those eyeing a continuation toward $200.

While Solana’s price action trades within a wedge, the network’s user base continues to expand. On-chain analyst Ali Martinez points out that the number of wallets holding at least 0.1 SOL has now reached a new all-time high of 11.16 million. That kind of steady accumulation suggests growing retail interest.

Solana wallet addresses holding at least 0.1 SOL hit a record 11.16 million, signaling rising grassroots adoption. Source: Ali Martinez via X

This rise in smaller wallet holders signals more than just passive interest. It reflects growing network engagement and decentralization. When participation deepens at the grassroots level, it can add resilience to price structures. If Solana does push above resistance, this expanding user base could help support a healthier rally.

While retail adoption on Solana continues to climb, the protocol is also setting the pace on a network level. According to data shared by Christiaan, Solana generated over $40 million in weekly network revenue, more than Ethereum, Tron, and other major L1s and L2s combined. For a chain often seen as the underdog in past cycles, this is a clear sign that Solana isn’t just growing in users, it’s now starting to be an earning source.

Solana tops weekly network revenue charts with over $40 million, outperforming Ethereum and other major chains. Source: Christiaan via X

This kind of steady network activity doesn’t always lead to instant price jumps, but it does help build a stronger foundation. When you see both user growth and real revenue coming in, it usually means the ecosystem is gaining momentum in a healthier way. And while no single stat guarantees a rally, it’s these kinds of positive triggers that can quietly support price over time.

Solana is now about to test an important trendline level, as highlighted by Coinvo, and this could define its short-term direction. Despite all the ongoing positive signals from rising wallet numbers to surging network revenue, price action for the short term is at an important level. The trendline has acted as a reliable support throughout this uptrend, and how SOL reacts here will shape whether we see continuation or a cooling-off period.

Solana approaches key trendline support that has guided its recent uptrend, with a bounce here potentially setting up a move toward $200. Source: Coinvo via X

Zooming out, the broader picture still leans bullish with solid growth on multiple fronts. Coinvo believes this is where the market gets to vote. A strong hold and bounce could be the green light for SOL Solana price to revisit higher levels, potentially pushing toward that $200 mark.

Solana’s long-term structure is still intact, and it’s quietly turning heads again. As shown by analyst Cas Abbé, the multi-year uptrend remains strong. SOL Solana price has recently rallied over 50%, riding on both technical resilience and improving fundamentals.

Cas Abbé suggests new all-time highs could arrive in 2025. Source: Cas Abbé via X

What makes this even more interesting for a Solana price prediction is Abbé’s take that $290 wasn’t the peak. He believes Solana could hit new all-time highs in 2025. While that bigger move may take time to unfold, the current structure is setting the stage.

Solana is showing solid signs of growth, both on the charts and fundamentally. With strong on-chain activity, rising wallet numbers, and consistent revenue, the foundation looks healthier. While short-term moves will depend on how SOL handles key technical levels, the bigger picture still leans bullish. If momentum holds and the trendline continues to support price, Solana could be setting up for a strong run into 2025.