Solana (SOL) Crypto Analysis - Technical and Fundamental

2025-11-11

Solana (SOL) continues to attract attention as one of the major blockchain networks supporting decentralized finance, gaming, and real-use applications in Web3. Discover the Solana (SOL) crypto analysis here!

In recent years, Solana has experienced both rapid growth and periods of correction, making it important for investors to understand how Solana works, what drives its price movement, and what future trends may influence it.

This Solana crypto analysis provides a clear view of both the technical and fundamental conditions surrounding the asset in the current market environment.

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What is Solana (SOL)?

sol crypto analysis.

Solana is a blockchain network designed to process transactions efficiently without compromising security. It was developed by Solana Labs and is supported by the Solana Foundation.

The network uses a combination of Proof of Stake and Proof of History. This approach allows transactions to be validated quickly and timestamped accurately, resulting in high throughput at very low transaction costs.

The idea behind Solana originated with Anatoly Yakovenko, who had experience in designing distributed systems. He recognized that one of the main limitations of many blockchains was the lack of synchronized time.

Proof of History addresses this by recording a historical record of events so that nodes in the network do not need to wait for one another to confirm time. As a result, Solana can scale much faster than many earlier blockchains and can support a wide range of decentralized applications.

Solana Fundamental Analysis

Solana has positioned itself not only as a fast blockchain but also as a platform with real economic activity.

The network has seen significant growth in decentralized finance applications, including lending, liquidity pools, and decentralized exchanges. Solana is also active in blockchain gaming and payments, driven by its low transaction fees.

The network has processed millions of transactions per day, driven especially by increased usage in the first quarter of 2025. Its decentralized finance ecosystem holds billions of dollars in locked value, placing it among the highest-ranked blockchains by total value locked.

Institutional interest is also emerging, with discussions surrounding potential exchange-traded fund products that could increase broader market exposure.

However, investors should be aware that Solana’s market can be volatile. Regulatory developments and competition from other Layer 1 blockchains can impact its adoption. Even so, Solana remains one of the most watched platforms in the market.

Solana Price Analysis

solana analysis.

Live Price Update:

The current price of Solana is approximately $170 per token with a market capitalization above $92 billion. The trading volume remains significant, reflecting active market participation.

In the last 24 hours, the price has moved upward by around 2%, and over the past seven days it has increased by more than 5%.

Short and Medium Term Technical Overview:

In the medium term, Solana has moved below the lower boundary of a rising trend channel. This can indicate a slowing upward trend or potential consolidation in a horizontal price range.

The support level is estimated near $133, while resistance is seen around $183. These price points are important reference areas for traders observing the solana chart or SOL chart.

Volume patterns currently show higher trading volume on declining price days compared to rising days. This is considered a negative volume balance and could weaken the short-term price outlook.

Recent Price Performance Snapshot:

7 Days: +5.35%
30 Days: -11.16%
60 Days: -28.91%
90 Days: -13.83%
1 Year: -19.18%

These figures show that while Solana has made short-term gains, it has experienced declines over the broader recent time periods.

Investors may consider the possibility of price stabilization if support near $133 holds. If the price manages to break above $183 resistance, it may indicate strengthening momentum.

How to Buy Solana (SOL) on Bitrue

Buying Solana on Bitrue can be done through several methods. Below is a clear and simple guide for new users:

Step 1. Create a Bitrue Account

Visit Bitrue.com or download the Bitrue app. Register for an account and enable security features such as Google 2FA.

Step 2. Complete KYC Verification (Skip if using Bitrue Alpha DEX)

If you plan to buy using a credit card, bank transfer, or centralized trading services in Bitrue, verify your identity. If you use Bitrue Alpha DEX, KYC is not required.

Step 3. Choose a Purchase Method

Bitrue Alpha (DEX): Search for Solana, enter the amount to buy, and confirm the transaction.
OTC with Credit Card or Bank Transfer: Select Solana, enter the desired amount, connect your payment method, and complete the purchase.
Spot Trading: Ensure your wallet has USDT or USDC. Go to the Spot section and buy SOL through trading pairs such as SOL/USDT or SOL/USDC.

Step 4. Store or Use Your Solana

After purchase, your Solana appears in your Bitrue wallet. You may hold, trade, stake for rewards, or withdraw to an external wallet.

Conclusion

Solana remains a strong contender in the blockchain ecosystem with a focus on scalability and efficiency. It has a vibrant decentralized finance market, increasing real-world usage, and active developer participation.

However, market trends and competition may influence future price performance. Investors should evaluate both the potential opportunities and risks when considering Solana as part of a diversified crypto portfolio.

FAQ

What is the Solana coin?

The Solana coin, or SOL, is the native cryptocurrency of the Solana blockchain network. This network is designed to build extremely fast and scalable decentralized applications (dApps).

What is the price prediction for Solana?

The most recent forecast suggests that the highest price target for SOL this year (2025) will be around $292.24.

Who is the owner of Solana?

The founders of Solana are Anatoly Yakovenko and Raj Gokal. Anatoly Yakovenko, a former engineer at Qualcomm, wrote the initial whitepaper in 2017.

Can Solana reach $10,000?

It is highly unlikely for SOL to reach $10,000. To hit that price, Solana would need a market capitalization larger than the entire current cryptocurrency market.