Solana ($SOL) Crypto Forecast: Up 5.4% Today

What is Solana?

Asset Solana (SOL) is a popular cryptocurrency token known for its high-speed transactions and low fees. It operates on the Solana blockchain, which has gained attention for its scalability and decentralized applications.

Why is Solana going up?

SOL crypto is up 5.4% on Aug 5, 2025 10:35

• SOL saw significant upward movement today, potentially influenced by positive market sentiment.
• The decreasing bearish trend in meme coins on the Solana blockchain, such as Bonk and Pudgy Penguins, might have impacted SOL's bullish behavior.
• Market liquidations and declines in other cryptocurrencies like Dogecoin and Cardano could have directed investors towards SOL as a more secure investment option.
• With increasing sell pressure and SOL slipping below support levels recently, traders may view this as an opportunity to enter the market and benefit from a potential reversal in SOL's trend.

SOL Price Chart

SOL Technical Analysis

SOL News

Solana-based Crypto: Bonk, Pudgy Penguins, SPX6900 brace for further recovery as bearish momentum fades

The broader cryptocurrency market begins the week on a bullish note, with meme coins based on the Solana (SOL) blockchain poised for a trend reversal. Bonk (BONK), Pudgy Penguins (PENGU), and SPX6900 (SPX) edge higher to extend the Sunday gains as bearish momentum fades.

https://www.fxstreet.com/cryptocurrencies/news/solana-based-crypto-bonk-pudgy-penguins-spx6900-brace-for-further-recovery-as-bearish-momentum-fades-202508040515

Solana, Dogecoin, and Cardano lead decline amid $635 million crypto market liquidations

The cryptocurrency market is down on Friday, underpinned by the US Federal Reserve's decision to keep interest rates stable at 4.25% to 4.50% for the fifth consecutive time.

https://www.fxstreet.com/cryptocurrencies/news/solana-dogecoin-and-cardano-lead-decline-amid-635-million-crypto-market-liquidations-202508010604

Solana Price Forecast: SOL slips below support as sell pressure builds

Solana (SOL) trades in red below $183 at the time of writing on Tuesday after closing below its key support level the previous day. The bearish case for SOL is further reinforced by Spot Taker Cumulative Volume Delta (CVD) turning negative, indicating a shift toward sell-side dominance.

https://www.fxstreet.com/cryptocurrencies/news/solana-price-forecast-sol-slips-below-support-as-sell-pressure-builds-202507290403

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Solana Price History

17.06.2025 - SOL Crypto was up 5.0%

• SOL and other Solana-based tokens are showing signs of strength and stability, hinting at a new leg higher in their prices.
• The rally of Solana-based meme coins like Bonk (BONK), FLOKI, and FARTCOIN contributed to the overall bullish sentiment in the Solana ecosystem.
• Positive price predictions for meme coins like BONK, PENGU, and WIF suggest that these tokens could potentially lead the next market bull run, further boosting investor confidence in Solana-based assets.
• The market cap rise of Solana-based tokens, along with the broader cryptocurrency market's recovery, has fueled the bullish momentum in SOL and other related assets.

30.06.2025 - SOL Crypto was down 5.4%

• SOL recently saw a significant drop in price, falling below important support levels.
• There was an increase in selling activity, as evidenced by Spot Taker Cumulative Volume Delta (CVD) shifting to negative.
• Various critical indicators showed a bearish trend, resulting in SOL trading under $180.
• Market sentiment indicates a preference for selling rather than buying, pushing SOL's price down.

22.06.2025 - SOL Crypto was up 5.1%

• SOL reached the $200 milestone amidst a surge in Open Interest and rising demand from both institutional and retail investors.
• The market uptrend in SOL coincides with a positive overall sentiment in the cryptocurrency market, with altcoins like Ethereum, XRP, and SOL leading the charge.
• A significant Bitcoin purchase by Trump Media Group and the upcoming launch of a Solana reserve by Mercurity contributed to the positive momentum in the crypto market, boosting confidence in digital assets.
• The combination of optimistic market conditions, heightened institutional interest, and the anticipation of an altcoin season all played a role in SOL's notable price increase.

01.07.2025 - SOL Crypto was down 5.1%

• The cryptocurrency market as a whole is down, with Solana, Dogecoin, and Cardano leading the decline, which may be attributed to $635 million in crypto market liquidations.
• SOL descended below crucial support levels, with increasing sell pressure and Spot Taker Cumulative Volume Delta (CVD) shifting to the negative, signaling a move towards selling dominance.
• The bearish trend for SOL persisted as it fell below $180, further solidifying the negative trajectory in main metrics.
• The decision by the US Federal Reserve to maintain stable interest rates could have played a role in the general market downturn, affecting SOL and other cryptocurrencies unfavorably.

21.06.2025 - SOL Crypto was up 5.1%

• SOL's bullish movement can be attributed to the record high Open Interest (OI) reaching $9.71 billion, indicating growing investor confidence in the token.
• The stability and strength shown by major altcoins like SOL around key support levels suggest a positive market sentiment, contributing to SOL's upward trajectory.
• The ongoing rally of Solana-based meme coin Bonk (BONK) and other top crypto gainers like Floki (FLOKI) reflect the broader bullish trend in the Solana ecosystem, further boosting SOL's performance.
• With Bitcoin leading the market and institutional flows increasing, the overall market conditions are aligning for continued growth, benefiting tokens like SOL.

21.06.2025 - SOL Crypto was up 7.5%

• Growing demand from investors, both institutional and retail, is fueling SOL's price surge due to its efficient blockchain network for smart contracts.
• The record high Open Interest (OI) in SOL indicates rising investor confidence in the token, contributing to its bullish momentum.
• The stability and bullish movement of SOL, along with other major altcoins like Cardano and Litecoin, suggest a broader positive sentiment in the cryptocurrency market, hinting at a potential new leg higher for these tokens.
• The strong performance of Solana-based meme coin Bonk, with a significant increase in market cap, reflects the overall enthusiasm and bullish trend in the Solana ecosystem, further boosting SOL's positive market movement.

23.06.2025 - SOL Crypto was down 5.3%

• SOL faced a bearish movement as other cryptocurrencies like Binance Coin (BNB) hit new all-time highs, potentially drawing investors' attention away from SOL.
• The bearish trend could also be influenced by the slight downturn in the Solana-based meme coin, Bonk (BONK), which might have created a negative sentiment around SOL.
• Despite the overall positive momentum in the cryptocurrency market, with altcoins like Ethereum, XRP, and SOL leading the rally, SOL's bearish movement could be attributed to profit-taking by investors after recent gains.
• Additionally, the news of Trump Media Group's significant Bitcoin purchase and the launch of a Solana reserve by Mercurity may have diverted some attention and capital away from SOL, impacting its price negatively.

22.06.2025 - SOL Crypto was up 5.0%

• SOL surged above $200, outperforming Bitcoin and Ethereum, with momentum expected to continue. This positive momentum likely contributed to the bullish movement in SOL.
• The mention of meme coins like Bonk, Fartcoin, and Useless riding Solana's strength indicates a broader interest and investment in the Solana ecosystem, boosting SOL's value.
• The record high Open Interest in Solana, along with the overall altcoin season trend, further fueled investor confidence in SOL, leading to its bullish movement.
• The acquisition of $2 billion in Bitcoin by Trump Media Group and the launch of a Solana reserve by Mercurity highlighted growing institutional interest in cryptocurrencies, potentially spilling over to support SOL's price surge.

23.06.2025 - SOL Crypto was down 6.9%

• The overall crypto market is experiencing a decline, with Bitcoin, Ethereum, Ripple, and Solana leading the way down.
• The surge in altcoin speculation and the rise in open interest across top altcoins, including Ethereum and Solana, indicate a growing degree of market froth and speculative activity.
• While Ethereum is leading a wider altcoin rally, Solana-based meme coin Bonk is facing headwinds, potentially contributing to the bearish movement in SOL.
• The shift in investor behavior towards altcoins, particularly Ethereum, and the increased leverage in the market could be amplifying the downside volatility for tokens like SOL.

05.07.2025 - SOL Crypto was up 5.4%

• SOL saw significant upward movement today, potentially influenced by positive market sentiment.
• The decreasing bearish trend in meme coins on the Solana blockchain, such as Bonk and Pudgy Penguins, might have impacted SOL's bullish behavior.
• Market liquidations and declines in other cryptocurrencies like Dogecoin and Cardano could have directed investors towards SOL as a more secure investment option.
• With increasing sell pressure and SOL slipping below support levels recently, traders may view this as an opportunity to enter the market and benefit from a potential reversal in SOL's trend.

26.06.2025 - SOL Crypto was up 5.1%

• SOL dipped below $180 recently, but today's bullish movement indicates a potential reversal in its bearish momentum.
• The decline in Bitcoin, Ethereum, Ripple, and Solana earlier was attributed to a downtrend in the crypto market cap, influenced by institutional adoption and retail trader sentiment.
• The surge in altcoin sectors, particularly Ethereum, has led to a significant increase in the Altcoin Market Cap, with Solana benefiting from this broader rally.
• The rise in derivatives trading and open interest across top altcoins, including Solana, suggests increased speculative activity and market froth, potentially contributing to SOL's bullish movement today.

18.06.2025 - SOL Crypto was up 5.3%

• SOL experienced a strong bullish movement today, likely driven by the overall positive sentiment in the cryptocurrency market.
• The stability and potential new leg higher of major altcoins like Cardano, Litecoin, and Solana indicate a broader bullish momentum in the market.
• The bullish momentum in Solana-based meme coins such as Bonk (BONK) and Floki (FLOKI) could have contributed to the positive movement in SOL, reflecting a broader interest in the Solana ecosystem.
• The overall recovery and gains in the Solana-based meme coin market, including Fartcoin (FARTCOIN) and SPX6900 (SPX), may have also boosted confidence in SOL and contributed to its bullish movement today.