Solana to Surge? Traders Bet $1.2B on Dip, SOL Eyes New ATH

Solana (SOL) is back in the spotlight after a massive rally in July, followed by a brief cooling-off period. The token is currently holding strong above $180, even after facing short-term selling pressure. 

With open interest exceeding $1.2 billion and DeFi activity on the rise, traders are asking the big question: can SOL make a new all-time high this year and even push toward $300?

Solana Holds Firm at $180: Is a Bigger Move Coming?

Solana has had an impressive July, climbing more than 35% before cooling off in the last few days. The price recently touched $208 before pulling back to the $183 range, which still represents solid gains for long-term holders.

While it is down slightly over the past week, the broader structure looks healthy, and key support at $180 is still intact.

This pullback is largely seen as a typical breather after a strong move. The price had broken out of a long-term downtrend earlier in the month and began closing daily candles above crucial moving averages. That alone caught the attention of both technical traders and institutional players.

What’s important now is the level of trading volume and market participation. Solana’s trading volume surged by over 75% in 24 hours, hitting $7.5 billion. This surge in activity coincided with strong inflows from both retail users and larger investors. 

Even while the price cooled slightly, indicators such as the Chaikin Money Flow (CMF) stayed positive, suggesting that capital is still flowing into SOL.

If SOL can reclaim the $200 level and close convincingly above it, analysts believe $250 is the next stop. But some are now setting their sights even higher, projecting a possible run to $300 if market conditions remain supportive.

Read also: Solana Price Analysis: Can it Go Above $300?

Why Traders Are Betting Big on Solana

Solana’s rally has also triggered a wider debate in the altcoin space: is SOL still the best option, or are smaller caps better bets for the rest of 2025? 

While small meme coins are gaining traction among speculative traders, SOL remains a clear leader in terms of infrastructure, user base, and liquidity.

One of the biggest reasons traders are favouring SOL is the sheer size of the bets being placed. Open interest in Solana has topped $1.2 billion across derivatives markets. 

This level of exposure shows clear institutional confidence and suggests that many are expecting significant upside.

Unlike meme coins, which is newer and still building its user base, Solana has a strong ecosystem anchored by active NFT communities, DeFi protocols, and gaming projects. 

Solana’s total value locked (TVL) recently rose nearly 2% to $10 billion, showing that on-chain activity is recovering alongside price.

While smaller meme coins may offer larger percentage moves in shorter bursts, they also carry higher risk and lower liquidity. For traders looking for a blend of growth and relative safety, Solana remains a top-tier choice. 

There’s also the question of ETF exposure. Although the SEC recently delayed a decision on Grayscale’s Solana Trust, the growing interest in SOL from fund managers suggests it could become one of the few altcoins to attract significant institutional inflows if approved.

Read also: Can Solana Reach $1000? Analyzing the Potential

Will Solana Break Its ATH and Hit $300 in 2025?

Solana’s previous all-time high stands at $294, reached during the 2021 bull run. While the current price is still below that mark, the recent price action suggests that a breakout is within reach. 

If SOL continues to hold $180 and breaks cleanly above $200, momentum could build toward a retest of the ATH.

Analysts are pointing to multiple bullish factors. Firstly, SOL has reclaimed former resistance levels and is now treating them as support. Secondly, on-chain indicators show whale accumulation, and trading volume continues to increase, even during short-term dips. 

Thirdly, the overall sentiment around meme coins, gaming, and high-speed chains favours Solana’s position in the market.

Additionally, the broader crypto market is showing signs of strength. Bitcoin is hovering above $117,000, and Ethereum remains stable above $3,700. A steady Bitcoin environment often acts as a green light for altcoins like SOL to make bigger moves.

Technically, the next key level is $220. If Solana can move past that, $250 is likely to follow. After that, the chart opens up a possible path to $280 and eventually $300, especially if macro conditions remain favourable and the Solana ecosystem continues to expand.

In this context, Solana looks like more than just a short-term trade. For those aiming to hold until the end of the year, the combination of growing DeFi usage, institutional interest, and technical structure makes $300 a realistic target.

Read also: Solana (SOL) Price Outlook: July 2025 and Beyond

Conclusion

Solana may have dipped from its recent high, but it remains one of the strongest altcoins in the current market. 

With open interest reaching $1.2 billion, support levels holding, and broader momentum shifting in its favour, SOL could be preparing for another major leg up. Whether or not it breaks past its previous ATH, the setup looks promising for both traders and long-term holders.

For those looking to trade or hold SOL safely, Bitrue offers a user-friendly and secure platform. With deep liquidity, real-time charting tools, and a strong track record, Bitrue is a reliable place to manage your Solana positions and stay ahead of market moves.

Read also: Bitrue Earn Monday is Live Now

FAQ

What is Solana's current price?

Solana (SOL) is currently trading at around $183 after a recent pullback from $208. It remains up over the past month and is holding key support.

Is Solana still a good investment in 2025?

Many analysts believe so. With strong technical recovery, high trading volume, and growing DeFi activity, Solana is still seen as one of the most promising altcoins this year.

Can Solana reach a new all-time high?

Yes, if Solana reclaims the $200 level and maintains momentum, it could retest its all-time high of $294 and possibly push to $300 by the end of 2025.

How does Solana compare to CFX and SNORT?

While CFX and SNORT offer higher risk-reward setups, Solana has stronger fundamentals, a larger ecosystem, and more institutional interest, making it a safer choice for most traders.

Where can I trade Solana securely?

You can trade Solana on Bitrue, which offers a secure environment, high liquidity, and user-friendly tools for tracking SOL’s price and executing trades.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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