Solana (SOL) Breaks $200: What’s Driving This Price Increase?

Jakarta, Pintu News – Solana has recorded gains of more than 33% in July, outperforming Bitcoin and Ethereum as the crypto market enters new, unchartered territory.

Check out the full analysis of the SOL price hike in this article!

DeFi Development Puts Big Stakes on Solana (SOL)

Nasdaq-listed DeFi Development Corp has amassed a total of 999,999 SOL in its coffers following $198 million worth of new purchases between July 14 and July 20. The move demonstrates the corporate sector’s great confidence in Solana’s (SOL) long-term potential.

These massive investments not only increase liquidity in the Solana ecosystem (SOL) but also add to its validity as a serious investment asset in the eyes of institutional investors. Large purchases by corporate entities are often followed by increased interest from retail investors who don’t want to be left behind in the uptrend.

This could explain part of the surge in Solana (SOL) trading volume which has increased 87% in the last 24 hours. With more funds flowing into Solana (SOL), it sets a solid foundation for further price growth.

BAM Announcement by Jito Labs

Jito Labs recently announced the launch of Block Assembly Marketplace (BAM), a high-performance block building architecture scheduled to launch in the coming weeks.

BAM is expected to improve the efficiency and speed of transactions on the Solana (SOL) network, making it more attractive to developers and users.

Initiatives like BAM are important because they offer concrete solutions to scalability issues that often hamper other blockchains.

By introducing technology that enables faster and more efficient block building, Solana (SOL) has the potential to attract more projects and usage at scale. This, in turn, could trigger wider adoption and increase the value of the network.

Also read: Pi Network Price Prediction 4th Week of July 2025 According to Perplexity AI

Solana (SOL) Price Analysis: Break of Wedge Pattern

From a technical perspective, Solana (SOL) recently managed to break out of an ascending wedge pattern, with the upper limit near $200 previously acting as resistance. Now, this level needs to be turned into support for the uptrend to continue. The RSI indicator is currently at 81, which indicates overbought conditions.

Although overbought conditions usually suggest that a price correction may occur, strong momentum as shown by Solana (SOL) may mean that prices will continue to rise before a significant correction occurs.

Investors and analysts will be watching closely to see if Solana (SOL) can maintain support above $200 in the upcoming trading sessions.

Conclusion

With a series of positive developments and increasing adoption from corporate entities, Solana (SOL) is showing potential not only as a technology but also as an investment asset. The recent price increase may just be the beginning of what could be a significant period of growth for Solana (SOL) in the crypto market.

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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.

Reference

• Coinspeaker. Solana Breaks $200 First Time Since Feb Rally. Accessed on July 23, 2025
• Featured Image: Decrypt