Solana Price Prediction: Golden Pocket Bounce Fuels Hopes of a $222 Bullish Move

Solana is showing signs of a breakout as institutional interest, on-chain activity, and bullish technicals converge around key support levels.

Solana is back in focus this week as fresh signs suggest something big might be around the corner. After weeks of sideways action, institutional interest is quietly ramping up. At the same time, on-chain activity is ticking higher, and price action is starting to flip key levels. Market watchers now believe SOL may be setting up for a major breakout, possibly eyeing a 20–30% rally if momentum continues to build from here.

Institution’s Loading Solana on Dips

Solana is kicking off the week with a notable headline: CME Futures volume just hit a new all-time high. According to Glassnode, 1.75 million contracts were traded, the largest daily tally on record for SOL. That spike isn’t just a stat; it reflects growing interest from institutional players, especially as price finds footing around the $145 zone.

Solana hits record CME Futures volume with 1.75 million contracts traded. Source: Glassnode via X

It’s not uncommon to see futures volume lead spot momentum, and this level of derivatives activity usually points to positioning ahead of a move. Whether this translates into a sustained breakout or just short-term volatility remains to be seen, but one thing’s clear: major players are circling around Solana for the moment.

Solana Price Prediction Eyes $400 as Structure Flips Bullish

Following the surge in CME futures interest, Solana’s spot price chart is now flashing a strong reversal structure. Analyst Freedom By 40 highlights a textbook double-bottom forming around the $120 to $130 region, with price now pushing above the neckline near $145. This move not only reclaims the 0.382 Fibonacci level but also aligns with a bullish setup around Solana. From a structure perspective, SOL is starting to lay the groundwork for a potential impulsive move.

Solana forms a bullish double-bottom near $130, with analysts eyeing a potential move toward $400 if key support holds. Source: Freedom By 40 via X

The current wave count suggests a possible 5-wave extension forming, which, if it plays out, could send SOL into the $370 to $480 range in the months ahead. The Solana price prediction now hangs on whether the price can hold above the $143 to $146 zone. If it does, that would strengthen the case for continuation, especially with momentum and fundamentals lining up behind the move.

Momentum Builds as Solana Nears Breakout Confirmation

Solana is inching closer to a key technical trigger as it tests the upper boundary of a descending channel on the daily chart. According to analyst James Taylor, the structure has been in place for days, capping price action during this recent correction phase.

Solana tests the upper boundary of a descending channel, with a breakout above $150 potentially unlocking a move toward $190. Source: James Taylor via X

While price is showing early strength and pushing toward the breakout zone around $147–$150, a decisive close above the channel is still needed to flip the trend convincingly bullish. If that breakout does occur, the next Solana price prediction centers around the $190 mark. That level lines up with a prior supply zone and psychological zone.

Solana Leads On-Chain Activities

Solana’s on-chain activity after a few days are starting to pace up again. According to BladeDeFi, Solana has surged to over 3.3 million active addresses, second only to Ethereum, with its DeFi TVL also climbing to $8.4 billion. That’s its highest in months and a clear sign of user engagement and capital rotation. Gas fees are also on the rise.

Solana’s active addresses surge past 3.3 million as DeFi TVL hits $8.4 billion. Source: BladeDeFi via X

This aligns tightly with the ongoing Solana price narrative. Futures are printing record volumes, the double-bottom setup around $120 looks confirmed, and now we have on-chain proof that user behavior is catching up with technical signals. If this trend holds, SOL Solana price is preparing for a decent move.

Solana Technical Analysis

There are multiple developments going around Solana; however, one of them is price reacting from the golden pocket level of 61.8% Fibonacci retracement zone. As shown in the chart from WAGMISAURUS REX, this level has historically acted as a springboard for price. SOL is now hovering around the $145 area again, a zone that has been in play repeatedly over the last few weeks.

Solana reacts from the 61.8% Fibonacci golden pocket, with bulls eyeing a breakout above $160 to target $190 to $222. Source: WAGMISAURUS REX via X

Technically, SOL is still trading within a wider range, but reclaiming $150 and closing above $160 would put bulls in control. If that happens, the next price targets open up near $190 and eventually $222, where major supply last came in.

Final Thoughts: Will Solana Hit $200?

Solana’s setup is starting to look more than just another bounce. Between the record CME futures activity, confirmed double-bottom reversal, and rising on-chain strength, SOL seems to be laying the technical and fundamental bricks for a larger move. While $200 might sound ambitious, it’s not far-fetched if momentum keeps building above the $150 to $160 zones.

If current conditions hold, and if SOL Solana price can flip resistance into support, then the $190 to $222 area becomes a very realistic short-term target.