- Solana price climbed 3.8% to $212.94, breaking above key resistance at $201 with bullish technical indicators backing the rally.
- Solana DeFi TVL hit $11.7B, its highest level since January 2025, signaling strong ecosystem growth.
- Analysts eye $220–$245 short-term, with yearly forecasts averaging $500 as Solana benefits from rising DeFi adoption.
Solana price is up 3.8% in the last 24 hours and is trading at $212.94 as of 8:03 a.m. EST on a 56% surge in trading volume to $13.8 billion. The price increase has pushed SOL to the second position on CoinGecko’s trending list.
Solana DeFi TVL Hits New High YTD
Solana’s DeFi total value locked (TVL) has hit its highest point since January 2025, according to data from DeFi Llama. TVL basically measures how much money people are stashing in decentralized finance apps on the Solana network, like lending, borrowing, or trading without banks. A higher TVL means more trust and activity, which often pumps up the price.
Solana’s current TVL stands at around $11.7 billion, a peak not seen since early 2025, following gains from July when it surpassed $10 billion. Just a few days ago, TVL was at $11.3 billion as SOL crossed $200, driven by network upgrades and more investors jumping into DeFi protocols like Kamino.
Solana Price Breaks Out of Range — $245 Next?
The 4-hour SOL/USD chart shows Solana’s price has been on a rollercoaster but looks bullish lately. Starting from early August, the candlesticks show a dip to around $156 (the low label), then a steady climb.
By mid-August, the price of SOL bounced off support near $187 and pushed up, breaking through a resistance band around $201. Today, it’s closing at $213.21, up about 5% in the session, with a high of $216.58, testing that upper red resistance of the range.
The Bollinger Bands squeezed tight in mid-August, hinting at a breakout, and now they’re expanding as volatility picks up. Down below, the Relative Strength Index (RSI) at 65.32 is in “healthy bull” territory, not too hot (over 70 would be overbought), but strong enough to suggest buyers are in control.
The Moving Average Convergence Divergence (MACD) shows a positive crossover with the histogram turning green, meaning acceleration to the upside. Volume’s steady and positive, though not explosive, and the lower Bollinger band ($187) acts as a safety net if price breaks below the middle band ($201).
Solana Price Prediction: Is It Too Late To Buy SOL?
Based on the chart, if the price of SOL holds above $210, we could see a push toward $220 or even $230 in the short term, especially with this TVL boost fueling sentiment. However, watch for pullbacks—if it slips below $201, it might retest $187 support.
Analysts are optimistic too, as SOL predictions for August 2025 hover around $220-$245, with some seeing $210 as a key target post-breakout. For the full year, averages point to $500, ranging from $200 to $1,000, thanks to Bitcoin’s influence and Solana’s speed advantages.
In short, Solana’s DeFi revival is real, and the chart signals potential upside. If you’re holding SOL, this feels like a good vibe, but always DYOR.
