Why the Solana Community Eyes $260 for SOL

Solana (SOL) has once again become a focal point in the crypto market, as community discussions grow louder around the potential for the token to reach the $260 mark. 

With strong on-chain metrics, leading blockchain revenue, and renewed ETF excitement, Solana is showing both technical and fundamental signs that could justify a move toward this ambitious price target.

Solana Leads in Blockchain App Revenue

Recent data reveals that Solana outperformed all other major blockchains in daily app revenue, recording around $4.83 million within 24 hours. 

In comparison, Binance Smart Chain (BSC) generated approximately $3.85 million, Hyperliquid L1 produced $2.97 million, and Ethereum came in at roughly $2.7 million.

This surge underscores Solana’s dominance in decentralized application (dApp) activity. High app revenue often reflects strong network usage, indicating increased transaction fees and growing developer engagement. 

More users are interacting with Solana-based projects across sectors such as gaming, decentralized finance (DeFi), and NFTs, giving it a clear edge over competitors like Arbitrum, Base, and Polygon.

The Solana community interprets these metrics as a bullish signal, highlighting that rising app revenue could reinforce the blockchain’s long-term sustainability. 

If this growth continues, it might translate into stronger demand for SOL tokens and, consequently, higher market prices.

Read also : Solana Price Set for Explosive Breakout Above $200 as ETF Hype Fuels New ATH Buzz

Analysts Predict a Possible Move Toward $260

Crypto analyst Ali Martinez has suggested that Solana could retest the $260 level, provided it maintains its current upward momentum. At the time of his analysis, SOL was trading around $189, hovering above a crucial support zone near $190 that has acted as a base since late August.

SOL Prediction by Ali_charts

Technical indicators show mixed short-term signals. On Solana’s daily chart, the 20-day moving average (MA) recently dipped below the 50-day MA, a setup that often signals temporary weakness. 

However, a decisive move above $211 could invalidate the bearish pattern and trigger a strong rally toward $260, aligning with Martinez’s forecast.

Another trader, known as Johnny, noted that Solana’s network “needs a new catalyst” to boost momentum. He pointed to the potential launch of a Solana Exchange-Traded Fund (ETF) as a key driver that could reinvigorate investor confidence and attract fresh liquidity.

Read also: Solana Price Prediction 2025: Is $300 Still on the Cards?

The Impact of Solana ETFs on Market Sentiment

The growing discussion around a Solana ETF has been a major factor behind renewed optimism. 

In Hong Kong, reports confirm the upcoming launch of the world’s first Solana spot ETF, while in the United States, 21Shares recently filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) — a crucial step toward ETF approval.

An ETF (Exchange-Traded Fund) allows traditional investors to gain exposure to an asset without directly owning it. For cryptocurrencies, this often results in increased institutional participation and higher market liquidity. Bitcoin ETFs, for example, significantly improved trading volumes and investor accessibility when launched.

If Solana ETFs follow a similar trajectory, they could introduce new capital inflows from both retail and institutional investors. This would not only elevate Solana’s market visibility but also strengthen its price support levels in 2025 and beyond.

Read also: Solana ETF Nears Approval, Is Now the Time to Buy SOL?

Solana Price Prediction 2025 and Technical Outlook

As Solana continues to solidify its position in the Web3 ecosystem, analysts expect notable price movements driven by both technical and fundamental catalysts. 

The $190 support zone remains critical, as holding above it suggests sustained buying pressure. 

Should SOL reclaim $211 with strong volume, analysts believe it could open a path toward $260.

SOL to USDT via Bitrue Market

From a longer-term perspective, the Solana price prediction for 2025 depends heavily on two primary factors: continued dominance in blockchain app revenue and successful ETF approvals. If both align positively, reaching $260 becomes increasingly plausible.

The broader crypto market recovery could also play a significant role. During bullish cycles, high-performing ecosystems like Solana — known for scalability and low transaction fees — tend to outperform due to their practical use cases and developer activity

Why the Solana Community Is Optimistic

Despite market fluctuations, the Solana community maintains a strong belief in the project’s fundamentals. Its high throughput (capable of processing thousands of transactions per second), combined with a growing DeFi and NFT ecosystem, continues to attract developers and institutional interest alike.

The recent revenue milestone highlights real-world adoption rather than speculative hype, a positive sign in a market where many projects still rely heavily on short-term trading sentiment.

As investors look ahead to 2025, the combination of network performance, ETF momentum, and consistent user growth positions Solana as one of the most promising blockchain platforms in the industry.

While a jump to $260 will require favorable technical conditions and supportive macro trends, the community’s confidence signals that Solana’s rally may be far from over.

FAQs

1. What makes Solana’s price target of $260 realistic?

Analysts point to Solana’s strong app revenue, growing user base, and ETF momentum as key drivers that could support a rally toward $260.

2. How do ETFs impact Solana’s price?

ETFs can bring institutional investors into the market, increasing liquidity and overall demand for SOL, which can lead to higher prices.

3. What is Solana’s main advantage over other blockchains?

Solana offers faster transaction speeds and lower fees than most competitors, making it ideal for DeFi, gaming, and NFT projects.

4. What support levels are traders watching for Solana?

The $190 support zone is considered critical, while a breakout above $211 could open the path to $260.

5. Is Solana a good long-term investment for 2025?

If the blockchain continues to lead in app revenue and ETF approvals proceed, Solana could be a strong performer through 2025 and beyond.