SOL Price Prediction: Technical Consolidation Meets Mixed Fundamentals

#SOL

• SOL trading below 20-day moving average suggests near-term resistance at $191.76
• Mixed fundamental developments with institutional growth offset by security concerns
• Bollinger Band positioning indicates potential support at $177.52 with upside to $205.99

SOL Price Prediction

SOL Technical Analysis Shows Mixed Signals Amid Current Market Conditions

According to BTCC financial analyst Michael, SOL's current trading at $185.28 presents a complex technical picture. The price sits below the 20-day moving average of $191.76, indicating potential short-term resistance. The MACD reading of -6.25 suggests weakening momentum, though the Bollinger Bands configuration shows SOL trading closer to the middle band than the lower boundary, which may provide some support around the $177.52 level.

Michael notes that 'while the technical indicators show some bearish pressure, the positioning within the Bollinger Bands suggests the current price action may be more of a consolidation phase rather than a strong downtrend. Traders should watch for a break above the 20-day MA for confirmation of renewed bullish momentum.'

Mixed Fundamental Developments Create Uncertain Sentiment for SOL

BTCC financial analyst Michael highlights that recent news FLOW presents both positive and concerning developments for SOL. 'The institutional validation from Anchorage Digital's custody role for Bybit's staked SOL and the ongoing ETF discussions provide strong fundamental support,' Michael stated. However, he cautioned that 'the Garden Finance exploits and potential DPRK connections introduce regulatory and security concerns that could weigh on broader DeFi sentiment.'

Michael emphasized that 'the DYDX U.S. expansion excluding derivatives suggests a cautious regulatory approach that may limit some trading activity, while the stolen assets scrutiny creates near-term headwinds for the ecosystem.'

Factors Influencing SOL's Price

dYdX Announces U.S. Expansion with Spot Trading Launch by 2025, Excludes Derivatives

Decentralized exchange dYdX plans to enter the U.S. market by late 2025, offering spot trading for major cryptocurrencies like solana while blocking access to derivative products such as perpetual contracts for American users. The move marks a strategic pivot for the platform, which historically barred U.S. participation.

Competitive fee structures—ranging from 50 to 65 basis points—aim to lure liquidity from established players like Coinbase and Kraken. dYdX’s president framed the rollout as a calculated evolution for the derivatives-focused platform, now eyeing growth under a crypto-friendly political climate.

Unlike centralized counterparts, dYdX operates without intermediaries, leveraging blockchain networks for direct peer-to-peer trading. Its $1.5 trillion lifetime volume underscores the platform’s gravitational pull in crypto derivatives, though U.S. users will initially engage only with spot markets.

Garden Finance Faces Scrutiny as 25% of Funds Linked to Stolen Assets, Says ZachXBT

Garden Finance, a cross-chain platform, has come under fire after blockchain investigator ZachXBT revealed that over 25% of its historical transaction volume involved stolen funds. The disclosure follows a recent exploit draining $10.8 million from the protocol, compounding existing allegations of facilitating illicit financial flows.

The platform's troubles predate the breach. ZachXBT had previously criticized Garden for processing funds tied to major hacks, including the Bybit and Swissborg exploits, while ignoring victim refund requests. Between April and July 2025 alone, the platform allegedly generated six-figure profits from questionable transactions.

An on-chain message shows Garden's team offered the attacker a 10% white-hat bounty, though no official statement addresses the security failure or compliance concerns. The exploiter swiftly converted freezeable assets through identified ethereum and Solana addresses.

Anchorage Digital Named Institutional Custodian for Bybit's Staked SOL (bbSOL)

Bybit has partnered with Anchorage Digital, a U.S. federally chartered crypto bank, to provide institutional custody for its staked Solana token, bbSOL. This collaboration strengthens bbSOL's position as an institutional-grade liquid staking token (LST) within the Solana ecosystem.

The integration allows institutions and retail investors to access Solana staking rewards while maintaining liquidity. Anchorage Digital's custody solution ensures compliance and security under U.S. federal oversight, bridging the gap between traditional finance and DeFi.

Bybit has also increased withdrawal limits across VIP tiers, with top-tier clients now able to withdraw up to 60 million USDT daily. The MOVE comes as the exchange develops solutions to meet growing institutional demand for efficient liquidity management.

Garden Finance Suffers $5.5M Multi-Chain DeFi Exploit, Suspected Tied to DPRK Hackers

Garden Finance's cross-chain bridge was exploited for $5.5 million, with unauthorized withdrawals detected across multiple blockchains including Arbitrum. On-chain researcher ZachXBT first flagged the suspicious activity, which may escalate to $10 million in losses. Evidence suggests involvement from the DPRK-affiliated hacking collective Dangerous Password.

Ironically, over half the $5.3 million stolen on Solana originated from funds previously taken in the SwissBorg hack. The protocol team has offered a 10% WHITE hat bounty, but the hacker continues swapping freezable assets through MetaMask wallets. 'We're pursuing resolution while strengthening our systems,' Garden Finance stated in an on-chain message.

Is 21Shares HYPE ETF the Next Big Thing After GSOL Solana ETF?

Swiss investment firm 21Shares has filed for a new crypto ETF, sparking speculation about a potential altcoin ETF boom. The move follows the recent GSOL Solana ETF filing, signaling growing institutional interest in digital assets beyond Bitcoin and Ethereum.

Market observers are watching closely to see if this marks the beginning of a new era for altcoin investment vehicles. The crypto community remains divided on whether specialized ETFs will drive mainstream adoption or simply cater to niche investor demand.

Is SOL a good investment?

Based on current technical and fundamental analysis, SOL presents a nuanced investment case. The technical indicators suggest SOL is in a consolidation phase, trading below its 20-day moving average but finding support above the Bollinger Band lower boundary. Fundamentally, the ecosystem shows both strength through institutional adoption and vulnerability from recent security incidents.

As BTCC financial analyst Michael summarizes: 'SOL offers exposure to a maturing ecosystem with growing institutional interest, but investors should be aware of the technical resistance levels and monitor how the recent security concerns impact broader market sentiment. Position sizing and risk management remain crucial in this environment.'