Solana (SOL) is capturing attention with a promising setup. According to a recent post by @Morecryptoonl on X.
SOL remains range-bound between $142 and $158, suggesting the completion of a corrective wave (2). A decisive break above $159.50 could shift momentum, potentially igniting the next bullish leg. This technical outlook aligns with fundamental developments, making SOL a standout in the Layer-1 blockchain race.
A key driver is Solana’s recent upgrade, increasing block capacity by 20%, as reported by CryptoNews. This enhancement, part of the Agave v2.2 update, boosts throughput to approximately 65,000 transactions per second (TPS) from 50,000 TPS, challenging Ethereum’s dominance narrative. Coupled with a rising Total Value Locked (TVL)—up from $5.1 billion to $5.8 billion in the past month per DefiLlama data as of June 12, 2025—SOL’s ecosystem strength is evident. Higher TVL reflects growing DeFi activity, a bullish signal for price appreciation.

Despite an annual inflation rate of 4.462% (SolanaCompass), SOL has shown resilience, with a staggering 27,983.30% gain from its all-time low. While non-stakers face dilution, staking rewards remain attractive, supporting network security. However, SOL has dipped -4.50% this week, testing support levels. If it holds, analysts predict a potential rally toward $210, as suggested by FXStreet’s November 2024 forecast, with $225 as a longer-term target.
For investors, SOL’s blend of technical promise and fundamental growth positions it as a leader in the next crypto uptrend. Watch the $159.50 level closely.
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