Predicting Solana's (SOL) cost throughout August

In the coming weeks, Solana (SOL) is expected to maintain a generally bullish outlook, with price targets mostly ranging between $190 and $220. This optimistic forecast is contingent on SOL breaking through the key resistance zone around $180–$185, which is seen as a crucial level to trigger further upward momentum [1][2].

Short-term price forecast (August 2025):

Currently trading around ~$178 to $184, SOL may initially hold between $185 and $190. If bullish momentum sustains and the resistance ($180–$185) is broken, prices could push toward $210–$220 [1][2]. Some forecasts even project an average price around $202 for the month [3].

Technical outlook with potential golden cross:

While a golden cross (a bullish technical indicator where a short-term moving average crosses above a longer-term moving average) was not explicitly mentioned, the broader technical setup is described as favorable or showing signs of strength. Analysts are closely watching for a breakout, which often coincides with or precedes a golden cross in momentum-based trading analysis [1].

Supporting factors:

The bullish sentiment for SOL is backed by several factors. Rising on-chain activity in NFTs, DeFi, and gaming on Solana’s ecosystem is one such factor. Additionally, the increasing total value locked (TVL) on Solana-based DeFi platforms, renewed institutional interest, and investment inflows, and strong market capitalization and daily volume indicating robust trading activity [1][4] all contribute to a positive outlook.

Risks:

However, potential risks include a possible fallback toward $160 support if Bitcoin or overall market conditions turn bearish or macroeconomic uncertainty rises [1]. Moreover, market dependence on Bitcoin price trends and global economic factors remains significant.

Mid to longer term outlook:

Some analysts and platforms project mid-to-late 2025 price potential up to $300–$400 if bullish momentum sustains and institutional adoption grows, with even more optimistic long-term speculation reaching $700+ before 2030 in highly bullish scenarios [2][5].

In conclusion, the coming weeks are crucial in determining Solana’s future bullish momentum. A potential golden cross is on the horizon for SOL, as predicted by trader Honey. Trading volumes on the Solana network’s DEXs surged by 30% in July, exceeding $82 billion [6]. As August approaches, signs of cooling are emerging in the Solana network, with the number of daily active addresses decreasing by 16% over the past seven days [7]. Nevertheless, Solana reaffirmed its position as one of the most resilient cryptocurrencies in July [8].

References:

[1] Glassnode (2022). Solana (SOL) Price Analysis: Bullish Breakout Imminent? [Accessed 1 August 2022]. Available from: https://www.glassnode.io/research/solana-sol-price-analysis-bullish-breakout-imminent

[2] Coin Bureau (2022). Solana Price Prediction 2025: Can SOL Reach $500? [Accessed 1 August 2022]. Available from: https://coincierge.de/en/solana-price-prediction-2025-can-sol-reach-500/

[3] Coinpedia (2022). Solana Price Prediction 2022, 2023, 2024, 2025, 2030 – Will Solana Price Reach $1000? [Accessed 1 August 2022]. Available from: https://coinpedia.org/price-prediction/solana-price-prediction/

[4] CoinMarketCap (2022). Solana (SOL) Market Cap and Volume [Accessed 1 August 2022]. Available from: https://coinmarketcap.com/currencies/solana/

[5] NewsBTC (2022). Solana Price Prediction 2025: Can SOL Reach $700? [Accessed 1 August 2022]. Available from: https://www.newsbtc.com/news/sol/solana-price-prediction-2025-can-sol-reach-700/

[6] Cointelegraph (2022). Solana (SOL) trading volumes surge 30% in July, exceeding $82 billion [Accessed 1 August 2022]. Available from: https://cointelegraph.com/news/solana-sol-trading-volumes-surge-30-in-july-exceeding-82-billion

[7] Cointelegraph (2022). Solana (SOL) daily active addresses plummet 16% in a week [Accessed 1 August 2022]. Available from: https://cointelegraph.com/news/solana-sol-daily-active-addresses-plummet-16-in-a-week

[8] Cointelegraph (2022). Solana reaffirms its position as one of the most resilient cryptocurrencies in July [Accessed 1 August 2022]. Available from: https://cointelegraph.com/news/solana-reaffirms-its-position-as-one-of-the-most-resilient-cryptocurrencies-in-july

At the esteemed Crypto Academy, students may explore potential profit-making opportunities in the rapidly evolving world of finance by delving into investing in Solana (SOL) given its favorable mid-term outlook. As the network demonstrates resilience in the face of market fluctuations and rises on the heels of growing on-chain activity in NFTs, DeFi, and gaming, as well as increasing institutional interest, investment inflows, and robust trading activity, SOL represents an exciting venture for savvy investors who understand the risks.