Solana (SOL) has emerged in recent years as one of the most promising Layer-1 blockchains, with high transaction speed, low cost and a growing ecosystem in DeFi and NFTs. Where in 2022 there were still concerns about network failures, the project managed to reposition itself strongly in 2024 and 2025.
In our previous article "Solana under pressure: What can we expect?" we described how in early 2025 the course was under pressure despite previous highs. Since then, the situation has changed and new developments have taken center stage. What has happened since then and can Solana continue its march toward new records?
You can read back our previous article from March 13, 2025 HERE .
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What is the current situation
Solana (SOL) is now among the top crypto markets and is often mentioned in the same list as Ethereum and Ripple. The network is known for its unprecedentedly fast transaction processing and low costs, making it attractive to developers and traders alike.
With a market capitalization now well over $100 billion, Solana has become an established name within the industry. The network is widely used for DeFi applications, NFT marketplaces and, increasingly, gaming and asset tokenization.
A key factor behind its success is its strong community and ongoing innovations. For example,Firedancer, a new validator client developed by Jump Crypto, is an important step toward greater scalability and reliability. This should make previous problems with network outages a thing of the past once and for all.
Recent developments
Since our previous article, Solana has reached a number of important milestones:
1. Institutional adoption: More and more major parties are showing interest in Solana. For example, applications were submitted for a Solana ETF, and Galaxy Digital announced a substantial investment in SOL.
2. Technology upgrades: In addition to Firedancer, the Alpenglow project is also under development, which aims to further shorten the finality of transactions. These improvements enhance the reliability and user experience on Solana.
3. Mobile adoption: After the successful Saga phone, Solana is now working on a successor, the Seeker. This smartphone has a built-in Solana-dApp store and seed-vault, further boosting the use of blockchain applications on mobile.
4. Trading volume and ecosystems: Solana's DeFi volume is growing month on month. The NFT market on Solana is also attracting more and more users, partly due to low costs and fast transactions.
These developments underscore that Solana is not only benefiting from market sentiment, but also becoming fundamentally stronger due to technological and institutional advances.
Share price development
The chart below shows how Solana developed in 2025. After a strong start, a sharp correction followed early this year with the value almost halving. However, since our previous article in March, Solana has shown a strong recovery and the price has almost doubled. Especially in recent weeks, there has been clear bullish momentum.
After breaking through resistance around $206, Solana is currently quoted around $246. The next major hurdle lies at $257. A convincing breakout above this level could pave the way for a further rise towards the medium-term price target of $350. If it fails to break through this resistance level, a backtest of support around $206 is the obvious choice before the upward trend can continue.
The overall picture thus remains positive as long as the price manages to consolidate above this support zone. Only a close below $206 would increase the risk of Solana sinking deeper. The upward trend is not truly broken until a close below $155, which would open the scenario of a longer-term correction. While this seems less likely given current market sentiment, it remains a possibility to consider.
Conclusion
Solana has once again shown in 2025 that it is more than a temporary hype. Thanks to continued technological innovations, a strong ecosystem and growing institutional interest, it is solidifying its position as one of the leading Layer-1 blockchains. The combination of fundamental growth and a strong recovery in the stock price outlines a positive outlook.
Technically, the focus is now on the resistance zone around $257. A break above that could propel Solana toward the $350 price target, while a retest to $206 would be a healthy correction within the broader uptrend. Only a close below that support would substantially weaken sentiment.
All in all, Solana remains one of the most promising projects within the crypto market, with both fundamentals and technical signals pointing to a solid foundation for further growth.
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