{"id":109643,"date":"2025-11-01T14:30:11","date_gmt":"2025-11-01T14:30:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=109643"},"modified":"2025-11-01T14:30:11","modified_gmt":"2025-11-01T14:30:11","slug":"solana-price-prediction-is-solanas-strong-on-chain-activity-signaling-a-bitcoin-style-breakout-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=109643","title":{"rendered":"Solana Price Prediction: Is Solana\u2019s Strong On-Chain Activity Signaling a Bitcoin-Style Breakout Ahead?"},"content":{"rendered":"

Bitwise Chief Investment Officer Matt Hougan says Solana price could follow a path similar to Bitcoin over time. <\/span>He argues that both assets may benefit from the same broad forces shaping the digital-value market.<\/span><\/p>\n

Hougan <\/span>outlined<\/span><\/a> two key drivers behind Bitcoin\u2019s valuation. First, the store-of-value market continues to grow as investors look for alternatives to traditional assets.\u00a0<\/span><\/p>\n

1\/ The best crypto investments give you two ways to win. A thread exploring one reason I\u2019m so bullish on Solana.<\/p>\n\n

\u2014 Matt Hougan (@Matt_Hougan) October 30, 2025<\/a><\/p>\n\n

Second, Bitcoin could capture a larger share of that market as it matures. <\/span>Hougan said that if the market simply doubled and Bitcoin kept its current share, its price would likely rise in line with that expansion.<\/span><\/p>\n

If Bitcoin\u2019s share climbed toward 50% similar to gold\u2019s standing, he believes the price could reach about $6.5 million per coin.<\/span><\/p>\n

He said the same logic could work for Solana. In his view, the chain now serves as a base layer for stablecoins and tokenized real-world assets, areas he believes could grow many times from here. <\/span>Hougan has also argued that the new US exchange-traded products could help Solana push to fresh highs.\u00a0<\/span><\/p>\n

Bitwise launched its spot SOL ETF on October 28 under the ticker BSOL. Grayscale rolled out its own version the next day, listed as GSOL.<\/span><\/p>\n

The formula is simple:<\/p>\n

ETF Flows + Treasury Company + Simple Story = All-Time Highs<\/p>\n

It worked for Bitcoin, it’s working for Ethereum, and it’s lined up for Solana.<\/p>\n

Nice graphic @scottmelker<\/a>. https:\/\/t.co\/c3Ny4PulcK<\/a><\/p>\n

\u2014 Matt Hougan (@Matt_Hougan) August 29, 2025<\/a><\/p>\n\n

The two funds brought in about $154 million in their first sessions. Together, they now manage roughly $439 million in SOL exposure, or about 0.4% of the token\u2019s circulating supply.<\/span><\/p>\n

DISCOVER:\u00a09+ Best Memecoin to Buy in 2025<\/a><\/p>\n

Solana Price Prediction: Is SOL Showing Bullish Price Action Above Key Support Levels?<\/h2>\n

Data from <\/span>DeFiLlama<\/span><\/a> shows the network handled about 55\u201360 million transactions per day, a sign that users continue to move funds and interact with apps at scale.<\/span><\/p>\n\n

(<\/span>Source:<\/span> DeFiLlama<\/a><\/strong>)<\/span><\/p>\n

The number of addresses that were active in the last day was approximately 2.0-2.9 million, which indicates that people are not interested in a burst of activities, but in consistent ones.<\/span><\/p>\n

The volume of the DEX was approximately 3.9 billion every day, and the total for the seven days amounted to approximately 28-31 billion.\u00a0 <\/span>That indicates excellent liquidity levels and continued engagement within the trading ecosystem of Solana.<\/span><\/p>\n

CoinGlass data shows SOL\u2019s open interest in derivatives sitting near $9.37 billion.<\/span><\/p>\n\n

(<\/span>Source:<\/span> Coinglass<\/a><\/strong>)<\/span><\/p>\n

DISCOVER:\u00a010+ Next Crypto to 100X In 2025<\/a><\/p>\n

Spot trading over the past day reached about $690.65 million, while futures volume came in around $11.05 billion. <\/span>SOL is trading around one of the vital support levels, and the price movement indicates stable purchases.\u00a0<\/span><\/p>\n

One of the analysts provided a chart that shows that buyers have intervened several times within the range of about $260-$270.\u00a0 <\/span>Any test of this zone has signaled a bounce, indicating that dip-buyers are still at task and are ready to protect the level.<\/span><\/p>\n

Price action has turned steady again. The token is trading above short-term trend levels, including the rising 20-day moving average, which has begun to turn up.\u00a0<\/span><\/p>\n\n

(<\/span>Source: <\/span>X<\/strong><\/span><\/a>)<\/span><\/p>\n

Recent candles show higher lows through the week, a sign that buyers are stepping back in. Trading activity has also evened out after the pullback, suggesting sellers are losing their grip.<\/span><\/p>\n

The next hurdle sits near $295. The chart shows several attempts to move past this zone, but each push has been rejected. A clean break and close above that level would point to further strength.\u00a0<\/span><\/p>\n

The analyst says a move through $295 opens the door toward $400, close to an earlier supply pocket around $390\u2013$410, where price stalled earlier this year.<\/span><\/p>\n

RSI is climbing from mid-range, leaving room for price to stretch before it hits overheated levels. If the trend breaks down, support around $250\u2013$255 could act as a safety net. For now, the structure still leans higher.<\/span><\/p>\n

DISCOVER:\u00a0Best Meme Coin ICOs to Invest in 2025<\/a><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/p>\n

The post Solana Price Prediction: Is Solana\u2019s Strong On-Chain Activity Signaling a Bitcoin-Style Breakout Ahead?<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitwise Chief Investment Officer Matt Hougan says Solana price could follow a path similar to Bitcoin over time. He argues that both assets may benefit from the same broad forces shaping the digital-value market. Hougan outlined two key drivers behind Bitcoin\u2019s valuation. First, the store-of-value market continues to grow as investors look for alternatives to […]<\/p>\n","protected":false},"author":0,"featured_media":109644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-109643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109643"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109643"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/109644"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}