In the beginning of July, all over the place you seemed, you possibly can see a Solana goal worth of $200 or extra by August. After a powerful begin, which noticed SOL surge by +10% from $145 to over $167, many projections indicated that Solana (SOL) may attain a goal worth of over $200 by August.
Nonetheless, a pointy in a single day sell-off brought about the sixth-largest digital asset by market cap to drop by 4%, bringing its worth beneath $160, with many now questioning whether or not Solana can hit $200 this month.
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SOL Weekly Assist At $160 – If Reclaimed, Bullish Momentum May Proceed
Whereas Solana has fallen beneath its weekly assist stage of $160, it’s presently buying and selling at $159.9, only a few pennies away from reclaiming that necessary stage.
The primary Solana worth goal from merchants and analysts was overwhelmingly $200 by August, and if SOL can flip $160 into assist, this goal stays a practical risk.
Though $160 is a key stage for SOL, proper now $155 represents a powerful assist zone, which ought to act as a security blanket for Solana because it makes an attempt to regain its bullish momentum from the final three weeks.
Excessive-timeframe Solana worth targets are anticipated to be between $500 and $ 1,000 by the tip of this cycle, however there may be quite a lot of work to be completed for the asset to succeed in that purpose, and clearing $200 within the brief time period is the highest precedence.
SOL is simply 45% down from its all-time excessive of $293, which it reached in January of this 12 months. Flipping $200 will present the right backboard for a run towards $300, which ought to set Solana up for a run towards these lofty $500+ worth targets.
Technical indicators to observe for on SOL embrace the hourly MACD, which is gaining momentum within the bearish zone on the SOL/USD pair. The RSI (relative energy index) for SOL is sitting at 55.42, placing it firmly within the impartial zone.
Main assist ranges are $158 and $155; a each day shut beneath $155 may point out a bigger transfer to the draw back. On the opposite facet, main resistance ranges sit at $162 and $168 on a 1-day timeframe, and the longer SOL ranges right here may make a push by means of these limitations tougher.
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Solana In The Highlight With The BONK Ecosystem Flourishing And The PUMP Launch Spiking SOL Quantity
lets see how this goes with $PUMP, fingers crossed these lows maintain. funding trying more healthy now general and that i'm nonetheless lengthy (albeit underwater) https://t.co/ukmBLa29Gg pic.twitter.com/4KmgKvMdct
— Altcoin Sherpa (@AltcoinSherpa) July 15, 2025
Whether or not constructive or adverse, Solana is within the highlight proper now, with the continued success of the BONK ecosystem and the current launch of Pump.enjoyable’s PUMP token.
Since launching yesterday (July 14), PUMP has traded inside a decent vary, between $0.0051 and $0.006, and continues to be settling earlier than a transparent course is established.
Though the PUMP worth hasn’t damaged out in both course but, over $1.2 billion in buying and selling quantity has been processed in round 18 hours, highlighting the demand and hype surrounding the token.
This stage of consideration on PUMP and the BONK ecosystem can solely be a constructive for Solana, because it attracts recent liquidity to the community, with nearly all of merchants swapping these tokens towards SOL.
SOL Spot ETF Selections Looming: This May Drive The Solana Value Goal Of $200+
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The Rex-Osprey SOL Staking ETF went dwell earlier this month, the primary of its variety for a US-based firm. It has since amassed over $73 million in belongings underneath administration, and its each day move sits at +$10 million with over $19 million in each day quantity.
These numbers are bullish and point out a requirement for regulated Solana merchandise. With over ten spot SOL ETFs presently pending approval with the SEC, a sequence of approvals would probably present the catalyst for SOL to succeed in $200 and past within the brief time period.
There are a number of smaller-scale Staking Solana ETFs obtainable available on the market presently, however it’s the pure spot ETFs from firms like BlackRock, Constancy, 21Shares, Franklin Templeton, amongst others, that the market is eagerly anticipating.
On the finish of June, it was introduced that VanEck’s SOL Spot ETF had been listed by the Depository Belief and Clearing Company (DTCC). This transfer usually indicators backend preparations in anticipation of a inexperienced gentle from the SEC, pointing towards an approval of a spot SOL ETF earlier than lengthy.
Bloomberg Analysts predict a 90% likelihood of a spot SOL ETF approval in 2025, and the prediction market platform Polymarket has its ‘Solana ETF approval in 2025’ market sitting at a 99% likelihood of occurring.
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The submit Solana Goal Value Of $200 In July Wavering As SOL Drops 4% In a single day appeared first on 99Bitcoins.
