Will Solana (SOL) Price Rise to $200? Here's What the Market Data Says

Solana's price action is dividing opinion on the internet as investors and analysts alike have opposite views on this token. Some call for $200 while others feel it's time to break the $100 barrier and reach $80.

Currently ranked at the 6th position with a market cap of $60.95 billion, Solana (SOL) has enjoyed a decent bull run so far with prices reaching $293.31, in January 2025. Since then the token has seen a 60% drop in prices and is currently trading at $118.92, and still in a continuous downtrend.

In this article, we’ll discuss the SOL price prediction by giving you its short and price forecasts, and specifically focus on Solana price prediction in April 2025.

What is Solana?

Solana is a blockchain platform that was created to support scalable, decentralized applications. The blockchain was developed by San Francisco-based Solana Labs, and the open-source project was founded in 2017 and is currently managed by the Geneva-based Solana Foundation.

Compared to competing blockchains like Ethereum, Solana can process transactions much more quickly and charges substantially lower transaction fees.

One of the biggest cryptocurrencies at the time by market capitalization, the cryptocurrency that runs on the SOL blockchain surged nearly 12,000% in 2021 and reached a peak of over $75 billion. By market capitalization, SOL was still among the biggest cryptocurrencies in 2024 and in 2025 it still ranks in the top 10 cryptocurrencies.

Now let’s discuss SOL price prediction in April 2025 both from a technical point of view and also look into some fundamental factors that could affect the price as well.

Solana short-term price prediction

What can be a realistic projection for the SOL token? Let’s analyze this token for a short term outlook and then discuss Solana price prediction in April 2025.

According to CoinCodex’s SOL price prediction for the near future, the token is predicted to rise by 11.01% and reach $140.10 by Apr. 28, 2025.

According to the analysis on X, the price of Solana (SOL) tested a major support multiple times and the more it tests the higher chances are of its breaking.

The more times a trendline gets tested, the weaker it becomes. Eventually, it breaks. #Solana $SOL

Some analysts on X are also calling for the $70-80 monthly support levels where SOL can take support and then start to move up.

$SOL approaching 117 major monthly support!A drop below nuke it to $70

According to the analysis, if SOL continues to range above $100 it can move to $190 and possibly break $200 as well.

Took a deep dive into Solana’s chart & RSI—things aren’t as bad as they seemed. Ideally, $SOL consolidates in the $110-140 range before a slow push to $190, followed by another correction over the next months. RSI also signals it's underbought, meaning a bounce could come soon.

SOL price factors for April 2025

Global financial markets are anticipated to be impacted by these additional levies, especially those that include riskier assets such as stocks and cryptocurrencies.

The recent drop in Solana’s price from its peak of $293.31 in January to its present price of $118.92 suggests that additional economic pressure may cause volatility.

Before observing any indications of a recovery, SOL may test the lower support region of $70 to $80 if market sentiment remains pessimistic. For long-term investors, several analysts contend that this correction offers a purchasing opportunity.

Solana may recapture important resistance levels at $140 and potentially move toward the $190–$200 zone if it can remain stable above the $100 barrier and regain investor confidence.

The optimistic scenario considers the possibility of a strong rebound from the lower support, leading to a surge in price to reach $80, followed by a further rally to $140. After testing this resistance, the price may experience another decline before finally breaking through $190.

However, a more pessimistic scenario may unfold if the lower support at $70 to $80 breaks, potentially pushing the price towards the $30 to $40 zone.

Ultimately, the price movements of Bitcoin (BTC), regulatory changes, and macroeconomic trends will all be crucial factors in determining Solana’s path in April 2025.

If BTC continues its recovery and the mood in the cryptocurrency market improves in general, SOL might do the same. On the other hand, further pessimism or negative regulatory changes may lead to the token entering a deeper correction.