Solana (SOL) continues to attract attention as financial giant VanEck projects a price of $520 by the end of 2025. This forecast is based on Solana’s rising market dominance in the smart contract platform sector, increasing developer activity, and overall crypto market growth.
VanEck's Solana Price Projection
According to VanEck, Solana’s market capitalization will be around $250 billion by the end of 2025. It is assumed that Solana will capture a 22% market share in the smart contract platform market in the future, while it currently only holds 15%. VanEck estimates the total sector value at $1.1 trillion, resulting from the development of the entire cryptocurrency market. The firm also considers the increasing number of developers and DEX trade volumes to substantiate its higher valuations.
Current Solana Price Analysis
The Solana price at the moment is $204.16, up by over 1% in the last 24 hours. It has been trading between $204.00 and $188.43, indicating market volatility. The main resistance level is at $205.00, while the support level is at $190.00. Should SOL climb above $205, it may signal an upward run towards $240 or beyond. Technical indicators show mixed signals: the Relative Strength Index is at 38.04 in the bearish zone. It is crucial to watch the $190 support zone for maintaining a bullish recovery.
Market Analyst's Forecast for Solana
Market analyst Ali suggests that Solana (SOL) price could rally to $350 if key support levels remain intact. The asset continuously forms higher highs and higher lows, signaling bullish momentum. The 0.5 Fibonacci retracement level at $182.30 is a critical support zone, while $261.00 serves as a major resistance. A breakout above $261 could push SOL toward $317–$350. If bullish momentum continues to build, Ali predicts $350 as the next target.
The heightened interest in Solana and the projected crypto market growth keep bolstering positive forecasts from financial analysts. Despite current volatility, predictions from VanEck and individual analysts indicate potential future growth for SOL's value.
