SOL Eyes $200 Breakout as Wallet Growth, Revenue Surge, and Bullish Structure Set Stage for Rally
Solana is gaining momentum with positive developments circulating. The price holds near key levels, a clean technical structure is forming, and on-chain metrics signal strength. While SOL hasn't made its next big move yet, the setup looks increasingly primed for a rally.
Bullish Breakout Structure Targets $200
Solana shows signs of strength backed by clean technicals. Analysts highlight a potential curling bottom forming inside a wedge, with a projected breakout targeting the $200 mark.
The key to watch is whether SOL can break above the wedge’s upper trendline with strong volume. If that happens, it could trigger a fresh upward leg, especially if BTC and ETH hold steady. Until then, the setup remains a possibility—but one worth tracking closely for those eyeing a continuation toward $200.
On-Chain Growth as Wallet Count Hits Record High
Solana’s user base continues to expand. The number of wallets holding at least 0.1 SOL has reached a new all-time high of 11.16 million, signaling steady accumulation and growing retail interest.
This rise in smaller wallet holders reflects deepening network engagement and decentralization. If Solana pushes above resistance, this expanding user base could support a healthier rally.
From Users to Earnings
Solana generated over $40 million in weekly network revenue, outperforming Ethereum, Tron, and other major L1s/L2s. This signals Solana isn’t just growing in users—it’s becoming a revenue leader.
Steady network activity builds a stronger foundation. With both user growth and real revenue, the ecosystem gains momentum in a sustainable way.
Solana Price Holding Trendline Would Be a Green Signal
SOL is testing a critical trendline that has acted as reliable support. A bounce here could set up a move toward $200, while a breakdown may signal a cooling-off period.
The broader picture remains bullish with growth across metrics. A strong hold at this level could propel SOL toward higher targets.
Solana Price Prediction Eyes New ATH
Solana’s multi-year uptrend remains intact. Analysts suggest new all-time highs could arrive in 2025, with some projecting prices beyond $290. While this bigger move may take time, the current structure sets the stage.
👉 Discover how Solana’s ecosystem is evolving
Solana’s 2025 Perspective
Solana shows robust growth technically and fundamentally. Strong on-chain activity, rising adoption, and revenue consistency create a healthier foundation. If momentum holds and key support levels defend price, Solana could be poised for a strong run into 2025.
FAQs
Q: What’s driving Solana’s bullish momentum?
A: Wallet growth, revenue surges, and a clean technical structure are key factors.
Q: What’s the price target for SOL in 2025?
A: Analysts project new all-time highs, potentially exceeding $290.
Q: How does Solana’s revenue compare to Ethereum?
A: Solana recently outpaced Ethereum in weekly network revenue, generating over $40 million.
Q: Why is wallet growth important for SOL’s price?
A: Rising wallet counts indicate grassroots adoption, which can support sustainable price rallies.
Q: What’s the key level to watch for SOL’s breakout?
A: A confirmed break above the wedge’s upper trendline with strong volume could signal a run to $200.
👉 Explore Solana’s potential in 2025
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