Solana Price Prediction- 21Shares Bets Big on Solana Instead Of Ethereum As SOL Targets $300

Solana (SOL) has finally surged above $190 for the first time in five months after its price increased by 5.63% today, July 21. Solana price is now close to moving above the highly anticipated level of $200, and a golden cross might support a rally to this target. The current gains have also drawn a bullish take towards SOL from 21Shares, which believes that it can perform better than Ethereum in terms of network growth.

Solana Price Targets 30% Rally Amid Golden Cross Signal

After struggling for more than five months with minimal gains and a failure to reach its previous record high, SOL price is now at a turning point, whereby traders are waiting to see whether it can create a strong rally as a golden cross approaches.

This signal can be seen between the 50-day EMA and the 200-day EMA, with the former attempting to move above the higher moving average, an action that will indicate the short-term momentum is bullish and will likely continue.

This golden cross is happening four months after Solana created a death cross that led to a massive crash in price from $184 to the April 7 low of $95. Considering that the current signal is the opposite of the death cross, it is likely that a massive rally will commence from now and mark a strong recovery.

The most likely target that SOL will hit is the 161.8% Fibonacci of $245 which will represent around 30% increase from the current price. Thereafter, if the buying activity remains as strong as it is now, Solana price might aim for its $294 all-time high price and soar above $300 for the first time in history.

However, the only way that this bullish long term Solana price forecast is going to happen is if SOL can move above the resistance between $194 and $199. There are high chances of this happening, considering the rise in the ADX line that shows bullish traders are heavily in control, and they might push the price above this zone.

21Shares Forecasts Solana Will Outperform Ethereum

Despite Ethereum taking the lead in the ongoing altcoin rally, 21Shares believes that Solana is going to eat into ETH’s market share as signs emerge to indicate that the SOL network is going to hit a record high.

In its mid-year report on the state of the crypto market, 21Shares said that a lot of firms, such as DeFi Development Corp, are buying SOL, and this might cause significant gains in the Solana price. It also added that it is possible for the Solana network’s TVL to reach a record high, which would mean it moves past the $11.75 billion that it recorded in January 2025, according to DeFiLlama data.

Therefore, the ongoing increase in buying activity towards Solana could increase in the near term as traders start to buy because of the golden cross and the bullish sentiment shared by 21Shares. This makes it highly likely that a rally to $245 will happen.