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Is $700 A Safe Bet For SOL This Year?

Is $700 A Safe Bet For SOL This Year? WikiBit 2025-07-23 22:39

Solana has finally joined the bull party, and new highs are on the horizon.  The Solana price finally broke through the $175 to $185 resistance zone,

Analysts say this could be the start of a fresh leg higher, supported by growing institutional interest and expanding on-chain activity.

Moreover, with the Epoch upgrade completed, the network is better positioned to support meme coins, tokenized securities, AI agents and more.

In fact, tokenized stock volume on Solana has now surpassed all other chains in 2025, topping $292 million just a month after launch. This surge in real-world asset integration comes as traders increasingly view Solana as a multi-sector platform.

On the technical side, price targets by experts are rising fast.

Popular trader Mayne sees upside to $220, then $260, which is near the previous all-time high.

Another prominent analyst, Ali Martinez, has forecast a Solana move to the $300 to $360 range, citing a breakout from an ascending triangle. Notably, this target aligns with the 2.0 Fibonacci extension level, which makes it an excellent price target to bet on.

However, CobraTrader has gone further, placing a long-term price target of $700 for Solana. His projection is based on Elliott Wave theory, suggesting that Solana is entering the fifth and final wave of a larger impulse structure.

According to his chart, this wave aligns with Fibonacci extension levels that place the $700 zone as the next major price target.

I strongly believe that $SOL will make record highs again.

We have a FIB target at 700USD, its a high target so I am not saying we have to get there. But overall #Solana looks bullish on the macro timeframe pic.twitter.com/n4YrbCLuII

— CobraTrader (@kingcobratrader) July 22, 2025

With imminent spot Solana ETF approval, an increase in the number of SOL treasury firms, and the latest epoch upgrade, Solana now appears well-positioned to hit new highs and emerge as one of the top performers of this crypto bull cycle.

Experts Call Snorter The Next 100x Crypto

Solanas price rally is spilling over into its meme coin ecosystem, reviving interest in smaller-cap tokens. Just like in previous cycles, Solana meme coins are reacting sharply to bullish momentum in SOL.

For instance, Snorter (SNORT) is quickly becoming one of the hottest presale coins on the market.

It powers the Snorter Bot, a high-speed Telegram-based sniper tool built specifically for the Solana network. The bot allows users to paste a token address and execute trades with sub-second latency, bypassing the usual delays faced by retail traders during new launches.

Features like wallet copy trading, scheduled buys and sells, rugpull protection, and MEV resistance are built in, all within a Telegram interface that makes it accessible to a wide range of users.

Moreover, SNORT holders are charged just 0.85% trading fees, the lowest of any popular crypto trading platform.

The project has already raised $2.2 million in its presale, suggesting strong early demand. With SOL meme coin volume picking up across platforms like Pump.fun and LetsBonk, tools like Snorter are likely to see greater adoption. If Solanas price rally sustains, SNORT could become one of the more prominent winners of this meme coin cycle.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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