Solana (SOL) is testing its $270 resistance amid strong institutional backing. Hedera Hashgraph's (HBAR) path to $5 relies on adoption and partnerships but faces realistic projections near $0.80. Jupiter's (JUP) aggressive tokenomics and innovations drive interest, though its price remains volatile.
Solana (SOL) price faced a pivotal test on Monday as it attempted to break through a short-term price consolidation zone. This comes amid a surge in decentralized exchange (DEX) activity, driven in part by the launch of the OFFICIAL TRUMP (TRUMP) memecoin.
Solana’s network recently recorded a historic surge in DEX activity, with trading volumes surpassing $200 billion in a single month — an achievement unmatched by other networks to date. This spike briefly propelled Solana (SOL) above a short-term price consolidation, although bearish resistance soon took hold. At press time, SOL trades at $235.28, down 8.79% over the past 24 hours. The cryptocurrency’s price fluctuated between $245.34 and $270.27 during this period. The pivotal resistance near $270 has been tested five times in recent days, hinting that bulls are attempting to break out of the consolidation zone.
From a technical perspective, SOL is consolidating within a descending triangle, a pattern often signaling potential bearish continuation. The $240.95 support aligns with the 0.618 Fibonacci retracement level, making it a critical zone to watch. A breakdown below this level could push SOL toward $229.92, with a further downside target near $175.51, based on the 1.618 Fibonacci extension. However, a decisive move above $270 could signal bullish continuation, supported by increased trading volume.
Market sentiment remains optimistic for Solana despite short-term price challenges. Rose Premium Signal predicts SOL could hit $800, with a potential stretch to $1,000 by mid-2025, citing strong fundamentals. Armando Pantoja echoed this, projecting $1,000, backed by a 35% recent price increase and key technical indicators. In contrast, Ito Shimotsuma expects a more modest rise above $500. In the derivatives market, open interest declined by 2.13%, dropping to $7.12 billion. This reduction suggests waning speculative activity as traders await clearer signals on whether SOL will break above $270 or fall toward $175.
Hedera Hashgraph (HBAR) price declined on Monday, slipping further away from a recent recovery level. The cryptocurrency dropped by 9.59% during the past 24 hours, reaching $0.3103. This follows a recent rebound from lows of $0.28. HBAR’s recent price lows are down by 88% from all-time highs of $2.5, setting the stage for more optimistic price targets.
One such projection by Crypto Kip eyed a potential surge to $8 by 2025, supported by Hedera's council members and enterprise adoption. More conservative forecasts from DigitalCoinPrice and Stealthex placed HBAR’s 2025 ceiling closer to $0.80 to $0.88. HBAR’s technicals showed consolidation within a symmetrical triangle, with resistance at $0.38, tied to the 0.618 Fibonacci retracement from its recent high of $0.48 to the current low. Breaking above this could drive the price toward $0.42, while failure to hold above $0.31 support might lead to further downside.
Solana-based decentralized exchange (DEX) aggregator Jupiter announced a 3 billion JUP token burn during its "Catstanbul 2025" event. Attendees also learned that 50% of protocol fees will go toward token buybacks, with the rest allocated to operations and development. Following the announcement, JUP's price surged, rallying from $0.90 to $1.27, before pulling back to $0.96. Jupiter also unveiled new initiatives, including the beta launch of its omnichain network "Jupnet," a V2 platform upgrade, a $10 million AI fund in partnership with Eliza Labs, and a majority stake in a memecoin launchpad.
Technically, JUP’s price faced rejection at the $1.15 resistance level, with the 4-hour chart showing a pullback to $0.96. The Relative Strength Index (RSI) sits at 50, indicating neutral momentum. If JUP clears the $1.15 resistance, it could test $1.30, while a drop below $0.90 might expose the $0.70-$0.75 support zone. Kiran Gadakh, a crypto trader, highlighted JUP's recent price swings, which included a 70% rally, advocating for patience and fundamental analysis over reliance on patterns.
