Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220
Solana's stablecoin market cap has surged to a record $13 billion, marking a 156% increase in 2025, while a bullish chart pattern suggests the price of SOL could rally to $220. The total value locked (TVL) in Solana grew by 25% to $7.65 billion, supported by a 27.7% share of decentralized exchange (DEX) volume, outperforming Ethereum and BNB Chain. The positive momentum comes despite SOL's recent inability to maintain a price above $156 on April 25. Stablecoins are crucial to Solana's DeFi ecosystem, contributing to the demand for SOL as transaction fees and staking increase. Notably, previous trends indicate that rising stablecoin inflows correlate with SOL price increases, as evidenced by a previous rally in 2024. As SOL's price forms a bull flag pattern, analysts highlight the importance of holding support between $120 and $130 to boost prospects for reaching higher targets like $178 and $220.
Source đź”—