SOL Jumps 7% to $140: Analysts Predict Massive Solana Price Surge Ahead!

Solana (SOL) has experienced a remarkable price surge, increasing 7% to $140. The hike in price has been backed by an 85% jump in trading volume to $2.56 billion. Analysts see a potential Solana price rise of as much as 150%, targeting $420 in the next few months. The uptrend is driven by different factors. This includes increasing network usage, and preference for Layer 1 (L1) solutions compared to Layer 2 (L2), according to Solana co-founder Anatoly Yakovenko.

Solana Picks Momentum Amid Market Volatility

Cryptocurrency analyst Ali Martinez suggests that the Solana price rally is due to strategic accumulation by investors despite broader market fear. Martinez explained that periods of uncertainty tend to attract smart money, which continues to fuel bullish momentum. With more than 11.09 million active addresses for SOL, the network activity has reached an all-time high, demonstrating this.

Analysts Predict $420 Target for SOL

Solana has been able to break above the key resistance level of $137, and that is an extremely significant bullish breakout. Popular analyst Crypto Curb signaled that it represents the end of a long downtrend and the start of a new rally. If SOL continues its current upswing, another Solana price surge could see it reach $420.

In addition to that, according to reports, trading volume has gained as the adoption rate increases through blockchains. Historically, trends in the past have indicated that such type of price action produced major rallies. 

Solana’s Market Cap Indicates Next Big Move

The below chart as of March 24, 2025 of Solana indicates Solana’s market cap at $71.46 billion and 24-hour volume at $162.48 billion, which is a good indication of liquidity. Since SOL’s Relative Strength Index (RSI) is 35.67, it is oversold and could be a good time to buy. The RSI-based moving average stands at 46.60, an indication of stabilizing momentum but one that needs confirmation to indicate an uptrend.

Chart 1 – SOL/MarketCap Live Price, published on TradingView, March, 24, 2025.

This crypto market trend is consistent with analysts’ predictions, as a 5.37% rise in market cap reflects intense buying interest. With the increasing trading volume and increased network activity, SOL is poised for further gains. Prices will reach the anticipated $420 level if accumulation continues to accelerate at this rate.

Layer 1 vs. Layer 2: Yakovenko’s View

Solana co-founder Anatoly Yakovenko remains a strong proponent for L1 blockchains over L2 solutions. He states that L1s are faster, less expensive, and more secure by not relying on slower data availability layers. In response to being confronted by Ethereum developers insisting on L2 scaling, Yakovenko stated that L1s like Solana eliminate fraud-proof complexities and refresh multisigs, a better choice. With more projects and developers moving towards Solana over L2 solutions, the ecosystem continues to expand, strengthening its market dominance further.

Future Outlook: Is $420 Next for SOL

Solana has demonstrated stunning growth with the help of strong fundamentals and growing blockchain adoption. The overall decentralized application (DApp) revenue on the network has hit a recent high of $365 million, ahead of others like Ethereum and Polygon. This surge in network usage has established Solana as a top in the blockchain space.

In the future, analysts are bullish as institutional demand rises. If current crypto market trends continue, SOL could reach $400 by the end of the year. The Solana price surge appears to be in its early stages, with further increases expected shortly.