Solana Price Prediction: SOL Potential to Surge to $500?

Updated

May 9, 2025

Gambar Solana Price Prediction: SOL Potential to Surge to $500?

Jakarta, Pintu News – The price of Solana is slowly forming a very bullish chart pattern, which could potentially push its value from around $150 today to nearly $500 in the next few months.

This positive prediction is supported by on-chain data showing that the number of transactions, addresses, and fees on the Solana network is steadily increasing and even surpassing other popular blockchain networks.

SOL Price Analysis: Chart Signals Show 3-fold Upside Potential

Reporting from Coingape (7/5/25), the price of Solana shows volatility in the short term. However, when viewed from a long-term chart, this coin seems to be on the verge of a major breakout, which could potentially bring the price up to $500.

The chart below reveals that the SOL has been forming a giant cup and handle pattern since 2021.

The cup and handle pattern is a bullish continuation pattern that consists of three main parts: a rounded bottom, an area of resistance, and a phase of consolidation or temporary decline(pullback). The top of this pattern is around $210, while the bottom of the cup is around $10.

SOL’s current price movement is part of the handle. Therefore, in case of a price breakout above the cup area, it could trigger a bullish breakout towards $462. This price prediction is calculated from the depth of the cup – about 95% – and then measuring the same distance from the highest point of the pattern.

However, this bullish prediction could be invalidated if SOL prices fall below the important support at $94.50, which was its lowest level in April.

Also, it should be noted that this pattern may take months or even years to fully realize – for example, the initial part of the cup took more than four years to form.

Solana Price Potentially Increases as Monthly Transactions Surge

Data from Nansen shows that the Solana network is performing extremely well and even outperforming some of the top blockchains in the crypto industry. The number of transactions on the Solana network jumped 48% in the last 30 days, reaching 1.66 billion transactions.

In comparison, Tron -the second most active blockchain-processed 249 million transactions, while Ethereum recorded only 36 million.

This surge in transactions was driven by the increasing number of active addresses, mainly due to the trend of multiple meme coins on the Solana network. Active addresses rose 8.2% to 104 million, surpassing the combined active addresses on other major networks.

This high volume of transactions also led to a significant increase in revenue from transaction fees. Fees collected by the network rose 47% to $35 million, making Solana the second most profitable network after Tron.

Additional third-party data shows that the Solana ecosystem is performing solidly, which could help drive price increases in the medium to long term.

The volume of DEX transactions processed by the protocol on the Solana network in the last 30 days reached $76 billion, outperforming Ethereum ($53 billion) and Binance Smart Chain ($30 billion).

In addition, the market capitalization of stablecoins on the Solana network set a new record high of $13 billion, up from $4.7 billion on January 1. The probability of a Solana spot ETF on Polymarket’s prediction platform also increased to 77%, while JPMorgan estimated potential initial inflows of $6 billion.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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