Solana DEX Volumes Surge, Analysts Predict SOL Price Could Hit $270 Despite Whale Sell-Off

Jakarta, Pintu News – The cryptocurrency market is always full of unexpected dynamics. Recently, Solana (SOL) has gotten special attention from analysts even though Ethereum (ETH) is often in the spotlight.

On August 12, the price of Solana (SOL) stood at $178, representing a decline of 0.3%. Despite this, trading volumes on the decentralized exchange (DEX) continue to increase, but whales seem less optimistic and tend to sell their assets.

Elliott Wave Pattern Promises Solana (SOL) Price Increase

The Elliott Wave pattern analysis performed by TheChartArtist shows a strong bullish signal for the price of Solana (SOL). This pattern is often considered an indicator of rising prices, and usually the targets set are often reached.

Read also: XRP Whale Purchases 900 Million Tokens: Is a Bullish Surge on the Horizon?

In this case, there is a possibility that the price of Solana (SOL) will rise to $270. This will be the highest point that Solana (SOL) is expected to reach according to this pattern.

Analysts at X, TheChartArtist, also reviewed past performance and noted that Solana (SOL) has always managed to hit the targets set by previous Elliott Wave patterns.

However, there is one condition that must be met in order for the price of Solana (SOL) to rise, which is to create a new high above $194. If this happens, the opportunity to reach $270 will become more and more likely.

Whale Sells Solana (SOL) Despite Rising DEX Volumes

Not everyone is optimistic about Solana’s (SOL) prospects. Based on data from Lookonchain, three large addresses have sold more than 40 million Solana (SOL) tokens in the past day.

This movement suggests that the whales may have information or strategies that make them choose to sell rather than buy.

Although trading volumes on DEX Solana (SOL) increased sharply from $2.87 billion to $3.587 billion in just one day, the actions of these whales suggest that they may not be convinced by price increases in the near future.

This could be an indication that there could be more pricing pressure for Solana (SOL) holders to deal with.

Read also: Shiba Inu Team Provides SHIB Target Predictions to Trigger Ecosystem Bull Runs

The Potential of the Solana ETF (SOL) and Its Impact on Price

One factor that could push Solana (SOL) prices higher is the possible launch of a Solana (SOL) ETF on the spot market. If this happens, there will be more capital coming into the asset, which could push prices higher.

Analysts predict that if Solana (SOL) bulls can break and hold above the $240 resistance, then reaching $270 will only be the first step towards higher gains.

However, all of these predictions are only valid for the short term. For Solana (SOL)’s long-term price predictions until 2025 and beyond, there is still greater potential to be achieved. This suggests that despite short-term uncertainties, the long-term outlook for Solana (SOL) remains bright.

Overall, despite some uncertainty in the market, technical analysis such as the Elliott Wave pattern gives Solana (SOL) investors hope. However, the actions of the whales and other factors such as the potential of ETFs should be seriously considered.

Investors should remain vigilant and pay attention to all factors that could affect the price of Solana (SOL) in the future.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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:

• Coingape. Analyst Predicts $270 Solana Price as DEX Volumes Soar Despite Whale Selling. Accessed on August 13, 2025