Solana Analysis: Market Outlook on July 11, 2025

Analysis of Solana’s trend on July 11, 2025: Will SOL hit new highs or face correction?

On July 11, 2025, Solana (SOL), a leading layer-1 blockchain, continues to capture significant attention in the cryptocurrency market. The current price of Solana is approximately $166.38, reflecting a 6.23% increase over the past 24 hours, with a daily high of $167.58. This surge is driven by robust on-chain activity and speculation surrounding exchange-traded funds (ETFs). Technical analysis indicates Solana is in a strong uptrend. Daily charts show a bullish pattern, with the price trading above the 50-day moving average. The RSI, hovering around 72, suggests strong buying pressure but is nearing overbought territory. Key resistance lies between $175 and $185, while support levels at $150 and $130 could prevent further declines. Some analysts predict that breaking the resistance could push the price toward $200 or higher. Recent news highlights growing institutional demand for Solana. Inflows into Solana ETFs, such as REX-Osprey, have reached $69.7 million, signaling increasing interest from large investors. Additionally, companies like Aurora Mobile and BIT Mining have announced plans to explore or allocate significant resources to Solana for their treasury strategies, boosting confidence in the blockchain. Furthermore, the Remittix platform has revealed that its RTX Wallet will integrate with Solana, potentially enabling faster and cheaper transactions for users. From an on-chain perspective, Solana’s network activity is unprecedented. Daily active addresses have surpassed 1 million, with 68% of the circulating supply staked. The total value locked (TVL) in Solana’s DeFi protocols has risen from $6 billion in April to $8.61 billion. These metrics underscore the robust growth of Solana’s ecosystem, particularly in DeFi and NFTs. However, short-term risks remain. Some analysts warn that the current price structure may experience a corrective wave, especially if Solana fails to break the $175 resistance. Additionally, market volatility due to macroeconomic factors or regulatory pressures could impact the price. For investors, a prudent strategy might involve waiting for a breakout above $175 or buying near support levels. In the long term, Solana has the potential to reach $400 or higher, particularly if ETFs are approved and network activity continues. Traders should proceed with caution and closely monitor market developments. Ultimately, Solana is in a strong position. A combination of technical analysis, on-chain data, and institutional news paints a positive outlook for the cryptocurrency, though traders should be prepared for potential volatility.