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Highlights
- Solana price eyes a 56% rally to $305 as a bullish flag pattern emerges.
- SOL has to overcome the newly-formed resistance at $206 to confirm the bull flag rally.
- The Rex Osprey SOL ETF has surpassed a $133 million milestone as institutional demand surges.
Solana price trades at $192 today, July 28, after a mild 2.15% gain. At this price, SOL is now up by 23% in July 2025. There is a lot of speculation on when a new ATH will happen, considering that the Rex Osprey SOL staking ETF is at a major $133 million milestone.
Solana Price Targets $300 All-Time High
It goes without saying that an altcoin season is inherently bullish for Solana. With the mentions of an altcoin season sitting at high levels, the market is now expecting that the SOL price is going to go up, like it has done in the past.
Because of the gains that have been seen with most coins this month, bull flag patterns have become a common sight. Solana is not lagging behind with its bull flag starting at the $131 price on June 23, to the highest point of $206 seen on Tuesday last week.
When the rally paused in the middle of last week, a falling channel emerged, but this does not mean the Solana price is about to drop. Rather, it has created room for the overheated market to cool down. This means that SOL could just be gearing up for its next leg up, especially now that bullish macro factors are in play.
The 56% surge that represents the height of the bull flag shows that if Solana can push above $200, it might reach $305. However, the only way that this rally will happen is if, after breaking $200, SOL drops to retest this point as a support level.
Even if the above Solana price forecast for the short-term is bullish, there is the possibility of some profit-taking happening if early buyers give up now. In such a scenario, Solana will invalidate the bull flag by dropping below $175.
Nevertheless, more buyers remain convinced that the rally is not over yet, and this can be seen when looking at the high CMF value. In this case, buyer conviction might be what the SOL price needs to break out.
Rex Osprey SOL ETF Hits $133M in Net Assets
Institutions are not shying away from Solana even when the price sits very close to $200. Normally, after a rally that lasts for weeks, as it happened recently, big players tend to fold and take their profits.
The evidence of this demand is in the Rex Osprey SOL ETF that has attained $113.17 million in net assets. In its early days, analysts named this ETF as one of the fastest-growing crypto products.
The other factors that were driving gains even before this SOL staking ETF came into the picture are also giving bulls the upper hand. For example, data from DeFiLlama shows that SOL’s TVL is at $10.30 billion after sitting at only $6.04 billion in April.
There is also the fact that meme coins on Solana are rising again. Their market cap has reached $15 billion, and as their growth continues, so will Solana price gains.
Frequently Asked Questions (FAQs)
1. Can the Solana price reach $300?
2. Are institutions buying or selling SOL?
3. What is the key resistance level for Solana?
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