The main reasons why the price of SOL can reach 1000 dollars in 2025

Solana's price has shown great strength since the beginning, but last weekend it cleared the strong barrier that prevented it from reaching $180. The signal quickly rose above the critical resistance zone between $159 and $161, while the volume remained range-bound. This shows that the dominance of the bull is increasing and the bears are passive or waiting for the right time to enter.

The price of SOL broke out of the range, in a short period of time the volume rose by more than 150% and rose above the basic resistance. As the trader's focus shifts to crypto, here are a few reasons why the SOL price rally could hit the 4-digit figure in the upcoming bull run.

Solana Trading Vol

The transaction volume shows the number of Solana transactions. An increase in transaction volume indicates an increase in business activity. This usually increases the volatility of the token, indicating that more traders are attracted to the chain. In the recent update, the transaction volume has risen since the first week of the month, indicating a significant increase in consumer demand.

By the first week of October, the trading volume had been strengthening from below $300 million to $400 million. Interestingly, the volume has increased to nearly $3 billion in the last few days, indicating the high interest of market participants in the network. Although the size is solid, the chances of recovery are high.

A surprising departure in the daily active address

The number of active addresses is the count of addresses that can be transferred on the chain regardless of buying, selling or exchanging. An increase or decrease in the active address count indicates the trader's interest in the token, which has a significant impact on its value.

The chart above shows active address counts since the trend peaked above an extended consolidation in Q3 2024. Interestingly, the count increased significantly in September, reaching the highest level in recent times. However, the levels may continue to rise in the coming days, which may provide good pressure for the SOL price.

Network charges

A network fee is the amount paid to the blockchain to complete the transaction. More fees mean more demand for transactions on the blockchain, which causes congestion. Network fees are currently on the rise, suggesting a possible surge in demand that could push rates above annual highs.

As you can see in the chart above, during the periods when SOL prices hit their ATH in 2021, network fees were capped below $325.55K, which dropped below $100K during the bear market. However, the beginning of 2024 saw a significant increase in the fee, which reached $4.95 million earlier this year. This suggests excessive trading activity because traders may be overconfident about the next price action.

Solana (SOL) price analysis

The above-mentioned stimulus is expected to fuel the SOL price rally, which could create a new ATH by breaking below $275. However, the question arises as to whether the price will reach $1000 in the next bull run. If yes, when will the price peak?

The chart above suggests that the price is stuck in a descending parallel channel. But the signal is trying to break as it moves towards the resistance. The volume remains in the average range, indicating sufficient participation of bulls and bears to maintain volatility. The RSI is showing the same recovery curve it has followed for the past few years but with reduced intensity.

Therefore, the price of Solana, stuck between 0.5 FIB and 0.786 FIB, is expected to maintain a strong uptrend and reach resistance around $180 in the next few weeks. If the price rises above the bearish consolidation and confirms the levels above 0.786 FIB, the next target may rise above the rising trend line, which is close to the current ATH at $260.

This move is expected to trigger a bull run that could be considered first at $336 and later at $427. The price of Solana (SOL) is expected to rise and reach $500, setting new highs, but reaching the four-digit number seems to be a difficult task, which may be easier if the bull run intensifies in 2025.