Solana (SOL) has surpassed the $200 mark again and is outperforming in the market among the top ten cryptocurrencies.
Solana's Advantages Over Competitors
Solana shows a structural advantage over other leading cryptocurrencies. The network processes 80-100 million transactions daily, while Ethereum manages just around 1 million. Daily active wallets on Solana exceed 5 million, significantly more than most competitors.
Growth Prospects for SOL to $300
Recently, Solana broke through the key resistance level of $202, marking the third breakout since July. Traders are now discussing the possibility of reaching $300 by the end of Q3 2025, with key factors being buyer support and overall market sentiment.
Current Market Conditions and Technical Status
Currently, the SOL price trades within a bullish range, indicating dominant buying pressure. The breakout is supported by strong buying volume, favoring future price growth. Nonetheless, resistance at $210 and support at $180 may pose challenges for further movement.
Solana showcases strong growth indicators and high network utilization, which may lead to new price records in the coming months.