Analysts forecast $300 to $1,000 SOL, but network data suggests that a rally to $190 is a more realistic expectation.
Solana's native token, SOL (SOL), last traded above $190 on July 29, despite an impressive 33.5% gain since retesting the $110 level on Aug. 5. However, the bullish momentum encountered strong resistance at $150. Some analysts suggest that SOL's price is mimicking Ether's (ETH) 2020 movements, which led to its all-time high. Yet, regardless of what the charts indicate, it is crucial to evaluate the current demand for the SOL token before making bold predictions.
Crypto trader and technical analyst Kaleo believes that SOL’s current fractal mirrors Ether’s momentum before its 245% surge above its previous all-time high in 2021, suggesting that SOL could potentially reach $1,000 by 2025. While there’s no issue with setting exceptionally bullish targets, the short-term onchain metrics for the Solana network indicate diminishing activity—hardly a signal that typically precedes a bull run.
Moreover, if SOL were to trade at $1,000, it would imply a market capitalization exceeding $500 billion—a level Ether maintained for less than 40 days during the peak of the late 2021 cycle. For context, only 18 publicly listed global companies currently have valuations above $500 billion, making this scenario seem unlikely even for extremely profitable brands like Costco, Procter & Gamble, and Bank of America.
