Solana target price of $200 in July as Solna falls 4% overnight

At the beginning of July, you could see the target price of Solana, which was over $200 by August. After a strong start to see Sol Sursuge from $145 to over $167 +10%, many predictions showed that Solana (SOL) could reach its target price of over $200 by August.

However, a sharp overnight sale brought the sixth largest digital asset by market capitalization down 4%, bringing prices below $160.

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$160 Sol Weekly Support – Bullish momentum could continue if recovered

Solana is below the weekly support level of $160, but is currently trading at $159.9, just a few pennies from regaining that critical level.

The key Solana price target from traders and analysts is overwhelmingly $200 by August, and if Sol can support $160, this goal remains a realistic possibility.

$160 is an important level for Sol, but $155 currently represents a strong support zone. This should serve as a safety blanket for Solana, looking to regain bullish momentum from the past three weeks.

By the end of this cycle, Solana’s price target is expected to range from $500 to $1,000, but a lot of work will be done for the assets to achieve that target, and it is a top priority to clear $200 in the short term.

Sol is down just 45% from its all-time high of $293 reached this January. Flip $200 and you’ll get a backboard that’s perfect for driving towards $300.

Technical metrics to note in SOL include hourly MACDs gaining momentum in the bear zone of the Sol/USD pair. The SOL’s RSI (Relative Strength Index) sits at 55.42, firmly placed in the neutral zone.

The main support levels are $158 and $155. Daily closures below $155 could be showing a bigger move towards the downside. Meanwhile, the main resistance levels are $162 and $168 over the one-day time frame, making these barriers more difficult as the sol ranges here become longer.

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Solana thrives in the Bonque Ecosystem and shines a spotlight with pump firing spikesol volume

Let’s see how this goes with it $PumpThe fingers crossed these low holds. Overall, I still have a long time (although underwater) fundraising that looks healthier pic.twitter.com/4kmgkvmdct

– altcoin sherpa (@altcoinsherpa) July 15th, 2025

Whether positive or negative, Solana is currently in the spotlight, with the continued success of the Bonk Ecosystem and the recent launch of Pump.Fun’s Pump Token.

Since its launch yesterday (July 14th), the pump has been trading within a tough range between $0.0051 and $0.006, and is still calm before a clear direction is established.

Pump prices haven’t happened in either direction yet, but more than $1.2 billion in trading volumes are processed in about 18 hours, highlighting the demand and hype surrounding the token.

This level of attention to the pump and the Bonque Ecosystem is positive for Solana as it attracts new fluidity to the network.

Sol Spot ETF decision looms: This could drive Solana price targets to $200+

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The Rex-Sosprey Sol Staking ETF was the first of its kind for a US-based company earlier this month. Since then, it has accumulated over $73 million in assets under management, and its daily routine is $10 million, earning a daily volume of over $19 million.

These numbers are bullish and show demand for regulated Solana products. If SEC approvals exceed 10 SOPS SOL ETFs, which are currently pending, a series of approvals could provide a catalyst that will bring SOLs to over $200 in the short term.

Currently, there are several small staking solana ETFs in the market, but pure spot ETFs from companies like BlackRock, Fidelity, 21Share and Franklin Templeton.

At the end of June it was announced that Vaneck’s Sol Sol Spot ETF had been listed by Deposit Trust and Clearing Corporation (DTCC). This move usually indicates backend preparation in anticipation of green light from the SEC, and immediately points to approval of the Spotsol ETF.

Bloomberg analysts predict the 90% chance of approval for Spot Sol ETF in 2025, and the forecast market platform Polymarket has been approved for the “Solana ETF” market with a 99% chance of approval in 2025.

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