Solana Target Price Set At $200 For July Fluctuates As SOL Declines 4% Overnight

In early July, predictions around every corner suggested a Solana target price exceeding $200 by August. Following a robust beginning that witnessed SOL climb by +10% from $145 to above $167, numerous forecasts pointed towards Solana (SOL) achieving a target price over $200 by the end of the month.

Nonetheless, a sudden overnight sell-off led to a 4% decline in the sixth-largest digital asset by trading market cap, dropping its price below $160, leaving many questioning whether Solana can still reach $200 this month.

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SOL Weekly Support At $160 – Reclaiming It Could Spur Bullish Momentum

Despite Solana slipping below its weekly price floor mark of $160, it is now trading at $159.9, only a whisper away from regaining that crucial level.

The primary Solana price target set by traders and analysts was predominantly $200 by August, and if SOL can convert $160 back into support, this target appears within reach.

While $160 is a vital point for SOL, currently $155 acts as a significant base level zone, serving as a security net for Solana as it strives to recover its bullish streak from the past three weeks.

Long-term Solana price projections are anticipated to range between $500 and $1,000 by the cycle’s conclusion, yet achieving this goal requires considerable effort, with clearing $200 in the near term being the immediate focus.

SOL sits 45% below its all-time high of $293, reached in January of this year. Reclaiming $200 would provide an ideal launching pad for a trajectory toward $300, positioning Solana for aspirations of those impressive $500+ price targets.

Key technical indicators for SOL include the hourly MACD, which is gaining strength in the pessimistic area on the SOL/USD pairing. The RSI (relative strength index) for SOL is at 55.42, firmly placing it within the neutral range.

Important support levels lie at $158 and $155; a daily close beneath $155 could suggest a larger downward move. Conversely, significant barrier level points exist at $162 and $168 on a 1-day interval, and prolonged periods at these levels could complicate breaking through these obstacles.

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Solana Under the Spotlight with the Flourishing BONK Ecosystem and the BULL RUN Launch Boosting SOL Volume

lets see how this goes with $PUMP, fingers crossed these lows hold. funding looking healthier now overall and i’m still long (albeit underwater) https://t.co/ukmBLa29Gg pic.twitter.com/4KmgKvMdct

— Altcoin Sherpa (@AltcoinSherpa) July 15, 2025

Whether the sentiment is bullish or bearish, Solana is currently drawing significant attention, with the ongoing success of the BONK ecosystem and the recent debut of Pump.fun’s BULL RUN crypto token.

Since its launch yesterday (July 14), PUMP has been trading within a narrow band, fluctuating between $0.0051 and $0.006, still consolidating as it awaits a definitive directional cue.

While the PUMP price has yet to break out in either direction, over $1.2 billion in trading volume has been registered within approximately 18 hours, underscoring the buyer interest and excitement surrounding the coin.

This level of interest in PUMP and the BONK ecosystem can only bode well for Solana, as it brings fresh available volume to the network, with the majority of traders exchanging these tokens against SOL.

SOL Spot ETF Decisions Approaching: A Potential Catalyst for Surpassing the $200 Price Target

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The Rex-Osprey SOL Locking tokens ETF launched earlier this month, marking a first for a US-based firm. It has quickly garnered over $73 million in assets under management, with daily transactions exceeding +$10 million and $19 million in daily volume.

Such figures are bullish and reflect a demand for regulated Solana offerings. With more than ten spot SOL ETFs awaiting SEC approval, a wave of approvals could potentially act as a trigger for SOL to surpass $200 in the near future.

While several smaller Locking tokens Solana ETFs are currently available, the crypto market is particularly eager for solid spot ETFs from firms like BlackRock, Fidelity, 21Shares, and Franklin Templeton.

At the end of June, it was announced that VanEck’s SOL Spot ETF had been recorded by the Depository Trust and Clearing Corporation (DTCC). Such notification often indicates backend setups in anticipation of SEC clearance, pointing toward an eventual approval of a spot SOL ETF.

Bloomberg analysts foresee a 90% likelihood of a spot SOL ETF being approved in 2025, while prediction crypto market protocol Polymarket places a 99% chance on the ‘Solana ETF approval in 2025’ crypto market.

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