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Solana Price Prediction 2025: Can A Potential Golden Cross Push the SOL Price to $200?
The Solana price has been steadily climbing up the charts, and after surpassing a crucial resistance, it’s about to print its second consecutive weekly bullish candle, hinting at a shift in investor sentiment. As a result, we expect a continued rise, potentially pushing the token above the bearish influence that could revive a fresh ascending trend towards $200.
Solana took an impressive stride during Q1, ranking first among all other blockchains by DEX trading volume, with a whopping 39.6% market share in January alone. Despite this strong performance, the network faced a decline in revenues and activity, particularly after peaking at $35.9 billion in daily DEX volume in January. However, it has since recovered, nearing $2.5 billion and nearly matching Ethereum’s levels.
Some have speculated that the shift towards utility and stablecoins from memecoins could be the reason behind Solana’s stagnation. But, with the institutional interest increasing exponentially, as Galaxy Digital pulled a substantial amount of SOL off CEX and deposited nearly $100 million in ETH, this notion can be put to rest. The transfer has effectively squashed bearish possibilities.
As Galaxy Digital withdrew over 600,000 SOL from exchanges and staked more than 460,000 in the past four days, the possibility of a bullish breakout has increased significantly. This recent rebound from the lows has enabled the token to break out of the descending parallel channel. It’s been successfully kept above the resistance of the channel by the bulls, who have further fueled the rally.
Moreover, the Supertrend has flipped to bearish after being in this state since February, providing a green light for the bulls’ dominance. In addition, the Ichimoku cloud has also experienced a bullish crossover, strongly supporting the notion that we could be on the cusp of a significant price increase.
As the SOL price finds support at the 50-day MA and heads towards a potential ‘Golden Cross’, there’s a high probability that it may surpass the 200-day MA in the coming days. It is likely that if the token manages to rise by another 30% and reach $150, this Golden Cross will materialize, leading the Solana (SOL) price to possibly touch $200 before the end of H1 2025.
The Solana community eagerly awaits the outcome as these technical indicators have transformed bullish.
Source: https://coinpedia.org/price-analysis/solana-price-prediction-2025-can-a-potential-golden-cross-push-the-sol-price-to-200/
