Solana Price Prediction: Key Indicators that Could Push SOL Toward $200
Jakarta, Pintu News – Solana (SOL) prices increased by 2% on November 20, reaching $142.27 after a brief recovery. Currently, the price remains above the $140 level, showing signs of renewed strength. This rise comes after Solana bounced sharply from a key support zone, and investors are optimistic about a larger trend reversal.
The token managed to overcome the overall crypto market slowdown and show resilience. Bitcoin prices are hovering around $91,000, while SOL prices are expected to continue rising, with traders targeting the $200 level.
Solana Spot ETF soars with $55 million inflows
Solana spot ETFs recorded high net inflows, exceeding $55 million, and being one of the highest in the last two weeks. Most of these inflows came from Bitwise’s BSOL ETF, which is still showing a positive inflow trend.
Read also: XRP Price Surge: Will Bitwise’s XRP ETF Fuel the Rise?
Overall, this trend of inflows has lasted for 16 consecutive days. ETFs from other issuers such as Grayscale, Fidelity, Vaneck, and 21Shares also made significant contributions, demonstrating the growing investor interest in Solana-based assets.
Solana’s DApps Raises Over $16 Million
Decentralized applications (DApps) on the Solana network raised more than $16 million in the last seven days. The best performing project was Pumpfun, which generated $9.85 million, followed by Ore with $3.02 million in revenue.
Other notable contributors included Phantom, Drift, and Trojan. However, Axiom actually recorded a loss of $652,000. This increase in revenue reflects the growing popularity and huge potential of Solana DApps in the blockchain ecosystem.
Solana price shows bullish potential through wedge pattern
A crypto analyst recently observed a neat falling wedge pattern on the daily chart of Solana’s price. This pattern shows that the SOL price continues to bounce off the lower trendline, which hints at a change in momentum.
If the price manages to break out of this pattern, it could signal a strong recovery phase for Solana. Market observers see this as a positive signal, fueling hopes for the coin’s strong performance in the near future.
Solana Price Spike: Will the Bullish Trend Continue?
Solana prices surged to $142 after a mild recovery in the market. If the price manages to break this level, further upside potential is expected to push the price to $157.
If the uptrend continues, technical analysis shows that Solana has the potential to record gains of up to 40%, with a target of $200.
Solana’s trading also showed significant performance amidst a bullish market. The MACD (Moving Average Convergence Divergence) indicator shows a positive trend, where the MACD line has crossed the signal line-a sign of upward momentum that may continue.
Meanwhile, the RSI (Relative Strength Index) stands at 53.65, which reflects a neutral trend. However, if the price fails to hold above the $142 level, there is a possibility that selling pressure will increase, which could push the price down.
FAQ
What is the current price of Solana (SOL)?
The current price of Solana (SOL) is $142.27.
What is a Solana spot ETF and who are the main contributors?
Solana spot ETFs are financial products that track the price of Solana. Bitwise’s BSOL ETF is a major contributor with significant fund inflows.
How much total revenue has Solana DApps generated recently?
Solana’s DApps have generated over $16 million in the last seven days.
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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:
- Coingape. Solana Price Prediction: Key Indicators That Could Propel SOL Toward $200. Accessed on November 21, 2025
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