Solana Price Prediction: Here's When To Sell As SOL Gears Up For New Highs
The Solana price is on fire. After tanking from January through April, the fastest crypto blockchain is finally clawing its way back, and based on numerous signals, the current rally could take SOL to a new all-time high.
However, Solana holders face a critical question: When is the right time to cash out? Timing the market is tricky, but understanding SOL’s catalysts, technical signals, and historical patterns could be the difference between maximizing gains and getting caught in a price correction. This article discusses when best to sell Solana. It also reveals alternative profitable actions for those who aren’t too keen about taking a bet on Solana.
What is fuelling Solana’s rally?
Solana’s 35% rally in the last month didn’t materialize from thin air. The coin’s resurgence ties directly to its tech upgrades and booming ecosystem. The long-awaited Firedancer upgrade, set for later in 2025, promises to boost transaction speeds to 1 million per second while slashing downtimes significantly.
Then there’s the meme coin frenzy. Solana-based meme tokens like BONK and WIF are starting to gain traction. This will boost network activity, improve demand for SOL, and ultimately cause a price boom.
Furthermore, there’s a growing institutional interest in Solana. Apart from being listed amongst the United States’ strategic crypto reserve, Solana ETF applications are on the rise, and there’s a decent chance the now pro-crypto SEC could give them the thumbs up in the near future.
Solana Futures Open Interest climbs above $6bn again. Source: Coinglass
Data from Coinglass buttresses this point. Solana futures open interest has been on the rise, with the total volume climbing above $6 billion for the first time since January. This means that the majority of Solana traders are expecting further upside instead of a sharp correction.
Solana price prediction: How high can SOL soar?
Solana has rallied significantly from last month’s low of $94.5 to its current level around $175. The current trend is bullish, and its breakout past $150 resistance has established a crucial support level.
Solana’s next target is $268. Source: VipRoseTr/X
According to crypto analyst VipRoseTr, Solana could rally to $217 as long as it stays above $171. Volatility spikes around this level add credence to the breakout, with the channel expected to peak at $268.
This is the next significant resistance point for Solana. It is nowhere near the coin’s all-time high, but breaking above this level could take Solana to $300 or higher.
When is the right time to sell Solana?
Solana price predictions for 2025 are broadly optimistic, as long as it overcomes the short-term $268 target. This makes that price point a decent level to cash out on Solana, if the coin ever gets to that level.
The truth is that Solana could soar higher than $268 given the bullish nature of the current crypto climate. The coin’s popularity is enough to take it past this price level should the crypto market take off.
However, the percentage gain, should Solana cross this resistance level and even hit a new all-time high above $300, would be minimal. To rake in higher crypto profits during this period, savvy investors are flocking to Remittix (RTX).
Remittix is an upcoming PayFi protocol that aims to revolutionize the global remittances market. It allows anyone to send crypto as fiat to bank accounts anywhere in the world, with support for multiple blockchains and currencies.
Its presale is soaring higher with each new day, given that it is primed to appreciate 1,000% as the crypto bull run takes shape. For $0.0757, anyone can join the bandwagon and realize maximum crypto profits in 2025.
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