- Moving Average and MACD indicators signal a bullish trend for SOL
- Solana (SOL) is projected to break its $260 ATH in late 2025, but forecasts suggest it won’t close the year above $300
Solana (SOL), a leading blockchain platform known for its high-speed transactions and scalability, is experiencing significant upward momentum today, distinguishing itself with bullish sentiment while the wider cryptocurrency market shows varied performance, as reported by CoinMarketCap.
The altcoin currently holds a market cap of around $129.89 billion, placing it firmly among the top cryptocurrencies. With a 24-hour trading volume of nearly $12.02 billion
At press time, the altcoin is trading at $239.46, having increased by 5.68% over the past 24 hours. The price is moving in a bullish trend and is currently testing a resistance level near $241.71. If it breaks above this, the next target could be $260.00. On the downside, the support level is around $199.83. If the altcoin falls below this level, we might see a drop towards $180.00.
The blue line indicates the resistance level at $241.71, while the yellow line represents the support level at $199.83.
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Analyzing Solana’s Moving Average and MACD
According to the Moving Average chart, the cryptocurrency is currently experiencing a bullish trend with the moving average indicator below the candles at $192.08. At the same time, the Moving Average Convergence Divergence (MACD) indicates a bullish crossover, suggesting that the price may continue to increase.
The MACD line above the signal line indicates a bullish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
Coincodex Solana Prediction
According to Coincodex’s current price prediction for the altcoin, the price is expected to rise by 2.60% and reach $ 246.30 by October 12, 2025. Based on the SOL forecast, it’s now a good time to buy the altcoin.
As per Coincodex data, over the next five days, the altcoin is expected to reach the highest price of $ 240.51 on September 17, 2025, which would represent 0.54% growth compared to the current price. This follows a 17.67% price change over the last 7 days.
According to the projections, Solana could break its ATH in October 2025 when the max price is forecasted at $261.66, and it stays above $260 in November and December as well. The highest projected price in this chart is $264.36 (Nov 2025). This is well below $300, meaning Solana is unlikely to close 2025 above the $300 mark under these estimates.
Solana (SOL) may retest and slightly surpass its $260 ATH by late 2025, but unfortunately, based on this data, it may not reach or close above $300 before year-end.
Also Read: Solana (SOL) Shows Potential; Can It Break $1000 or Consolidate at $290?