- Solana (SOL) surged 13% last week, climbing past $130 and outperforming top cryptos like Bitcoin and Ethereum, despite still being down over 50% from its January high.
- Analysts expect SOL to hit $150.38 by mid-May, projecting an 11.9% rally before facing a likely correction back under the $130 level.
- Despite a rough start to 2025, SOL’s recent price action and renewed market optimism suggest it could be primed for another strong upward move soon.
Solana’s had a pretty solid week. The crypto surged 13%, reclaiming the $118 zone and pushing up to $130, where it’s now dancing around a new resistance level. In fact, it’s been doing better than Bitcoin and Ethereum lately, which is no small feat.
But here’s the catch: even with that rally, SOL is still down 3.7% since April began. For context, Bitcoin’s been up 3% over the week, and XRP has managed to climb about 4.7%. So while the Solana bulls are feeling pretty good, there’s still some catching up to do if it wants to reclaim its former highs.
Optimism Returns as Crypto Market Finds Its Legs
SOL’s rise isn’t happening in a vacuum. The broader crypto market is starting to look alive again. Bitcoin’s back above $84K, after slipping under $75K not long ago. And the overall crypto market cap is sitting at $2.76 trillion. That’s got traders thinking the worst of the slump might be behind us—at least for now.
Solana, in particular, had a banger of a year in 2024. It hit an all-time high of $293.31 back in January, outperforming nearly every top coin by market cap. But that party didn’t last. Since then, the price has dropped more than 54%, and it’s currently down about 4% over the past year.
Still, for new investors? This dip might look like a sweet entry point.
What’s Next? $150… Then Maybe a Cool-Off
So where’s Solana headed next?
According to CoinCodex, SOL could continue this little bull run and hit $150.38 by May 17. That would be a solid 11.9% gain from where it’s at now. But here’s the thing—they also don’t think it’s gonna stay there.
Once that $150 target is hit, the platform expects a pullback—likely bringing the price back under $130 not long after. In other words: short-term spike, followed by a cooling-off period.
So yeah, SOL’s been flexing lately. But the real test? Whether it can break through resistance and hold. Because in crypto, rallies are fun… but staying power? That’s the real win.
