Solana Project and Market Background

Solana is a high-performance public chain project that has been known for its throughput of thousands of transactions per second and transaction fees as low as 1 cent since the launch of its mainnet in 2020, attracting a large number of DeFi and NFT applications. In the first half of 2025, the Solana ecosystem continues to expand, with multiple popular projects issuing tokens and trading on this network, and the number of active addresses and trading volume increasing by over 50% year-on-year. Against the backdrop of a warming overall cryptocurrency market, Solana, as a mature first-tier altcoin, has garnered increasing attention from institutions in recent years and has also become a key target for retail investors.

Overview of Solana Technical Aspects

Image:https://www.gate.com/trade/SOL_USDT

According to recent technical analysis from TradingView, Solana has rebounded from the $142 level and stabilized around $150, forming a significant higher low structure since mid-May. This signal indicates a return of buying power, and the price is expected to continue its upward momentum. Currently, the SOL price is about $165.8, having broken above the 50-day moving average ($160.99) and is gradually approaching the 100-day moving average ($175.70). Trading volume has significantly increased since late May, accompanied by a continuous decrease in volume during corrections, which aligns with the characteristics of a healthy upward trend.

The importance of higher and lower levels

In technical analysis, higher lows are the key to confirming a bullish pattern. Gradually raising the low points indicates weaker selling pressure and continuous buying interest. Solana has rebounded from $142 to $165, testing support multiple times and successfully holding it, effectively consolidating a bottom and laying the foundation for subsequent attempts to break through the resistance zone of $175—$185. For beginners, higher lows not only serve as a reference for entering at lower prices but can also be used as a basis for setting stop-loss positions.

Buying and selling points in a bullish market

1. Buying on dips range: When a pullback occurs in the range of 150-155 dollars, small positions can be bought in batches.
2. Breakout confirmation buy point: If SOL breaks through $175 with increased volume and closes above that price, and the daily increase exceeds 3%, additional positions can be added.
3. Short-term take-profit range: $185—$190 is the first resistance zone, partial exit can be considered;
4. Medium to long-term holding strategy: If SOL successfully stabilizes above 190 dollars, the bullish pattern continues, and the target can be set at 200—220 dollars;
5. Stop-loss for pullback: Set a stop-loss within 5% below $150 to avoid sudden negative news causing erosion of principal.

On-chain metrics and capital flow analysis

• Active addresses: According to Dune Analytics, the average daily active addresses on Solana have increased from 250,000 in March to 400,000 in June, with an increase in activity of nearly 60%;
• Changes in Large Holder Positions: The On-Chain Insights platform has detected that since May, whale wallets (holding ≥100,000 SOL) have increased their positions by more than 6%, indicating that large holders are optimistic about the mid-term trend of Solana.
• Exchange Outflow: CoinMetrics data shows that the outflow of SOL from exchange wallets has consistently exceeded the inflow, with a net outflow of over 200,000 coins in June, reducing short-term selling pressure.
• Capital flow: Glassnode data shows that in the past week, capital inflow into Solana increased by approximately $120 million, mainly from institutional buying.
  Based on the above indicators, it is evident that funds are continuously flowing into the Solana ecosystem, providing support for price increases.

Key resistance and support zones

• Main support zone: $150—$155, tested multiple times and stabilized;
• Secondary support: $160, corresponding to the 50-day moving average position;
• Main resistance zone: $175—$185, including the 100-day moving average and historical dense trading area;
• Secondary resistance: $190—$200. If this range is broken steadily, the bulls will further expand.

Investment Strategies and Risk Control

1. Combine with mainstream coin trends: observe the breakout situations of Bitcoin and Ethereum to avoid chasing highs alone;
2. Batch building positions: Divide the total position into 3-4 parts and accumulate on dips;
3. Strict Stop Loss: Set a stop loss 5% below $150 and do not frequently adjust it due to market temptations.
4. Pay attention to the news: Focus on the major project launches in the Solana ecosystem, on-chain upgrades, and changes in macro policies;
5. Position Control: Newbies should not exceed a total position of 50%, and can reduce it to 30% at high levels.
6. Regular assessment: Weekly review of technical and on-chain changes, timely adjustments to positions.