Altcoins
Solana (SOL) Aims for $180 as DEX Volumes Surge Past $500 Billion Amidst Rising Market Momentum

Solana’s native cryptocurrency, SOL, is experiencing notable market activity, capitalizing on the overall bullish trend that has taken hold in the altcoin sector. This uptick has coincided with a significant surge in decentralized exchange (DEX) volumes on the Solana blockchain, which exceeded $500 billion in 2025 alone. Such metrics have analysts suggesting that SOL could potentially target a price of $180 as bullish momentum gains traction.
At the time of reporting, SOL was trading at approximately $151, showcasing considerable gains as traders remain optimistic after defending a vital support level situated around $141. This defense may pave the way for a considerable price movement, with the next resistance level situated at $180, which appears increasingly attainable given the current market conditions.
An examination of the daily price chart for SOL reveals a distinct ascending parallel channel that has persisted for nearly four weeks. Although the recent trend shows slight signs of hesitation after dipping beneath the channel’s midline, bullish traders have demonstrated resilience by holding the support at $141. Market analysts believe that additional buyers may enter at this level, as historical trading patterns suggest a strong buy-side interest. If the trend persists, analysts foresee that SOL could potentially break out of the current channel, recovering to $180.
Supporting this upward trajectory is the rising Relative Strength Index (RSI), indicative of strengthening bullish momentum. Should SOL manage to breach the $180 resistance and subsequently tackle the point of control (PoC) line at around $219, it may initiate a significant rally toward its previous all-time high of approximately $295.
The impressive DEX volumes contribute substantially to SOL’s bullish outlook. According to analytics from DeFiLlama, Solana’s DEX volumes for 2025 have reached unprecedented levels of $513 billion, marking its dominance over competing layer-one networks. In stark contrast, Ethereum—the leading blockchain regarding the total value locked (TVL) in decentralized finance (DeFi)—has recorded DEX volumes around $298 billion so far this year.
Solana’s growing popularity is further exemplified by the surge in meme coin activity. In just the last 24 hours, the market capitalization for meme coins on the Solana network increased by about 10%, reaching approximately $10 billion. This spike signifies not only the rising profile of meme coins but also the broader interest in Solana, which could help propel SOL towards its ambitious price targets.
Recent trends in trading ratios also bolster the bullish sentiment surrounding SOL. According to data from Coinglass, the long-to-short ratio for SOL has reached a monthly peak of 1.05. This increase indicates an influx of traders initiating long positions in anticipation of further price appreciation, reinforcing a positive market outlook.
Additionally, the open interest in Solana’s futures contracts has surged to approximately $5.9 billion, nearing a two-week high. The escalating long positions and the corresponding open interest suggest that traders are gearing up for an impending price breakout. If the bullish trajectory continues, analysts believe that a march to $180 is not only possible but likely, setting the stage for SOL to once again challenge its previous all-time highs.
Overall, the growing network activity, buoyed by substantial DEX volumes, a flourishing meme coin market, and positive trading sentiment, paints a promising picture for Solana’s future performance. Investors and analysts alike will be watching closely as SOL navigates these critical price levels, aiming for breakout opportunities that could redefine its position within the cryptocurrency market.
As the landscape surrounding decentralized finance continues to evolve, Solana appears well-positioned to capitalize on these emerging trends, potentially engaging a wider audience of traders and investors seeking to leverage its capabilities in the rapidly expanding world of digital finance. The next few weeks may prove pivotal for SOL as it seeks to surge past resistance and reach new heights.
-
Press Releases10 months ago
Gaming Technologies of the New Time!
-
Bitcoin8 months ago
Bitcoin Surges Past $64K as SEI and POPCAT Lead Daily Crypto Gains on September 25
-
Altcoins2 months ago
Bitcoin Declines Below $80K: deVere CEO Nigel Green Remains Bullish on Long-Term Outlook Following Strategic U.S. Bitcoin Reserve Announcement
-
Press Releases12 months ago
Evo Exchange: Redefining the Decentralized Exchange Landscape
-
Altcoins1 month ago
Calls for Enhanced Discussion on Bitcoin as Brazil’s Reserve Asset: A Move Towards ‘Internet’s Gold’
-
Press Releases8 months ago
CODE, a Newly Born Project Brings Decentralization Back to the Main Menu
-
Bitcoin1 year ago
House’s McHenry Charges SEC Chief Gensler With Misleading Congress Regarding Ethereum (ETH)
-
Press Releases12 months ago
Golden Cobra: Pioneering Real Utility and Sustainability in the Meme Coin Space