Solana experienced a significant price surge in 2024, doubling its value as the broader cryptocurrency market witnessed a recovery. As 2025 began, the bullish momentum for SOL continued, with prices holding above the $200 support level. However, it remains 19% below its previous all-time high. Despite this, market analysts and experts maintain an optimistic outlook for Solana.
Bitwise, a major player in the crypto industry, has predicted a potential rally for Solana, setting an ambitious price target of $750. This forecast is heavily influenced by the recent influx of $55 million worth of SOL entering exchanges, which is seen as a significant boost to market sentiment.
