Solana Price Analysis: Can it Go Above $300?

Solana (SOL), one of the leading altcoins in the cryptocurrency space, has gained considerable attention due to its high-speed blockchain and growing ecosystem. However, recent price action has raised concerns among investors. 

After attempting to sustain a breakout above $200, Solana failed to hold this level, prompting many to ask: Can Solana still reach $300 in 2025?

In this article, we analyze current Solana price trends, market sentiment, technical levels, and on-chain activity to assess whether a path to $300 is still realistic or growing unlikely.

Solana Fails to Stay Above $200

Solana's recent attempts to breach and hold the $200 mark were short-lived. Despite briefly trading above it, SOL has retraced to around $187, suggesting weakening momentum.

Key data:

• Current Price: $187

• Immediate Resistance: $188

• Critical Support: $176

This pullback came as 1.4 million new addresses disappeared from the network in just 48 hours, indicating reduced interest from new investors. This drop in adoption is often a bearish signal, particularly when paired with broader market hesitation.

Read Also: Solana Price Skyrockets: Will SOL Break Above $220 This Week?

Bearish Sentiment Among Long-Term Holders

The Liveliness indicator, which tracks the behavior of long-term holders (LTHs), has spiked to a monthly high. When liveliness increases, it typically suggests LTHs are moving their coins, often to sell.

This current behavior indicates long-term investors are cashing out, adding to downward pressure. Historically, heavy LTH sell-offs have preceded sustained corrections, making the $200 resistance even harder to reclaim.

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Technical Outlook: Reclaiming $188 or Falling Below $176?

SOL price prediction is hovering around $187, stuck between a narrow resistance-support zone.

Bullish Scenario:

• Reclaiming $188 could pave the way back to $201, a level that would need to flip into solid support.

• With a favorable shift in overall market sentiment, a rally toward $250–$300 becomes more plausible, especially if new address growth rebounds.

Bearish Scenario:

• A drop below $176 could trigger further losses, potentially revisiting the $150–$160 support zone.

• LTH selling and a lack of retail entry may compound bearish sentiment and prolong a consolidation phase.

Read Also: Can Solana Reach $1,000? Analyzing the Potential Momentum

Long-Term Price Prediction: Can Solana Reach $300?

While recent SOL price action is discouraging, $300 remains within reach for Solana in 2025, but only under favorable conditions:

• A market-wide bullish trend (e.g., Bitcoin pushing past $80K)

• Revival of retail and institutional interest

• Ecosystem growth, especially in NFTs, DeFi, and real-world applications

• Regulatory clarity supporting Solana’s scalability advantages

Historically, Solana has shown resilience. With strong fundamentals and backing from developers and venture capital, a return to $300 is not impossible, but investors should be aware of the current macro risks.

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Read Also: Will This Become the Bullish Sentiment for SOL? Looking at the $200 Target

FAQ

What is Solana?

Solana is a high-performance, open-source blockchain that supports smart contracts and decentralized applications (dApps). It’s known for its high throughput, low transaction costs, and scalability.

Why did Solana’s price drop below $200?

Solana’s price fell due to increased selling from long-term holders and a significant drop in the number of new wallet addresses. This suggests weakening investor confidence and momentum.

Can Solana reach $300 again?

Yes, Solana could reach $300 if market conditions improve, adoption increases, and the broader crypto market enters a bullish phase. However, current metrics show a cautious short-term outlook.

What is the Liveliness metric in crypto?

Liveliness is an on-chain metric that tracks the activity of long-term holders. A spike in liveliness often indicates these holders are selling, which can put downward pressure on price.

Is Solana still a good investment in 2025?

Solana remains a strong project with real-world use cases and developer interest. Despite recent setbacks, its fundamentals are intact, and long-term investors may find value at lower prices.