SOL News on July 29, 2025: Can Solana Reclaim the $200 Peak?

Exploring SOL’s news on July 29, 2025, with insights on price trends, network updates, and growth potential.

SOL News on July 29, 2025: Can Solana Reclaim the $200 Peak? The crypto world is always buzzing, and Solana (SOL) is stealing the spotlight right now. As of July 29, 2025, SOL is trading at around $190.01, up 1.35% from yesterday. It’s a small but noticeable bump, leaving traders wondering: Can Solana push back to $200? Or is another pullback on the horizon? Let’s dive into the technicals, network developments, and market sentiment to figure out what’s next for this high-speed blockchain. Solana’s had a wild ride over the past few months. From its all-time high of $295 in January 2025, the price has dipped about 36%, settling near $190. Still, recent weeks show signs of recovery. Trading volume spiked to $3.64 billion in the last 24 hours, and institutional support, like Mercury Fintech’s $200 million SOL purchase, signals confidence in Solana’s long-term potential. So, what’s driving all this excitement around SOL? From a technical perspective, SOL is stuck in a range between $189 and $204. Daily charts reveal a bullish flag pattern, often a precursor to a strong upward move. Support at $178–$182 has held firm through multiple tests, showing resilience. Resistance at $195–$200, however, is a tough hurdle. A clean break above could push SOL toward $220 or higher. But here’s the kicker: the RSI at 91.42 screams overbought conditions, hinting at a possible near-term correction. Crypto’s volatility is no secret, so traders need to stay sharp. Solana’s ecosystem is its biggest selling point. With the ability to process over 700,000 transactions per second and low fees, it remains a top contender against Ethereum in DeFi and NFT spaces. Recent network upgrades, like Jito’s Block Assembly Marketplace, have boosted on-chain activity. The rise of Solana-based dApps and memecoins has also fueled demand for SOL. But is this enough to propel SOL to new heights? Regulatory news is a big factor too. Speculation about SOL ETF approvals by the end of 2025, with a 95% chance according to Bloomberg analysts, has sparked optimism. This could bring in more institutional capital. On the flip side, recent selling by some institutional holders and a drop in new holders suggest caution. These mixed signals make predicting SOL’s path a bit tricky. Market sentiment on social media is buzzing. Talks of an “altcoin season” are gaining traction, and SOL, as a leading altcoin, could benefit. Some believe Bitcoin’s stabilization around $119,000 might funnel capital into altcoins like SOL, but that’s far from guaranteed. Analysts also warn that overbought indicators could lead to a short-term consolidation. For traders, risk management is everything. SOL is at a critical juncture, and your approach depends on your goals. Short-term traders should wait for a confirmed breakout or pullback before acting. Long-term investors can find comfort in Solana’s growing ecosystem and institutional backing, but volatility is always a factor. In the end, SOL is in a pivotal spot on July 29, 2025. Bullish technical signals, network progress, and institutional interest point to growth potential, but short-term risks like a price correction loom. Are you ready to ride the SOL wave, or will you wait for a clearer signal? Final Thoughts and Takeaway SOL’s short-term outlook on July 29, 2025, is cautiously bullish, but overbought conditions suggest a possible consolidation. Traders should focus on the $178–$200 range and prioritize risk management. Long-term investors can stay optimistic about network growth and ETF news. Keep an eye on technical indicators and market updates to stay ahead.