The Solana (SOL) token has increased by 3.5% in the last 24 hours, reaching $163.76, which represents an 11.74% gain since the beginning of July. The question remains whether this is a short-term spike or the start of something larger.
Solana Market Overview for 2025
The year 2025 has been volatile for Solana. While January saw strong growth of 22.3%, the first quarter ended with a heavy loss of 34.1%, led by major dips of 36% in February and 15.7% in March. However, the second quarter brought a solid rebound, with April and May delivering gains of 18.6% and 6.11%, respectively, slightly offset by a minor 1.08% drop in June.
Potential Correction and Rise to $185
Veteran financial advisor Matthew Dixon believes a short-term pullback or sideways consolidation could occur soon. He noted that the current price structure resembles a classic Wave 4 formation, which might temporarily push SOL down to the $152–$158 range. Nevertheless, Dixon remains bullish in the medium term, stating that if SOL stays above the $150 support zone, it could ignite Wave 5, targeting $175 or even $185.
Future Prospects for SOL Price
Dixon warns that if Solana falls below $145–$148 with strong volume, the bullish trend may be invalidated, potentially triggering a complex correction instead of a rally. Currently, Solana is riding strong bullish momentum, with a short-term consolidation likely before a potential surge to $185. All eyes remain on the $150 support—a key level that could make or break the rally.
Solana is on a positive wave, yet the nearest price movements will depend on confirming the support line. In the coming weeks, a short-term consolidation is possible; however, the bullish scenario up to $185 remains relevant.
