The price of Solana (SOL) is set to make a significant jump by the end of 2025, with analysts expecting a price target of around $280. Several factors are driving this bullish outlook, including strong institutional adoption and a supportive technical picture. Public companies like Upexi Inc., DeFi Development Corp., and Mercury Fintech have amassed over 6 million SOL tokens, worth over $1 billion, on their balance sheets. This significant accumulation suggests long-term confidence in the token’s potential utility. Moreover, Solana’s daily transaction volume and active addresses surpass those of other blockchain networks like Ethereum, Polygon, and others. These strong on-chain fundamentals support growing network activity, reflecting real user adoption beyond speculation. Analysts note that the price action reflects a structured approach to buying rather than short-term speculative trading. This is evident in the unbroken ascending channel seen on technical charts, with each test of the lower boundary attracting significant buying interest. A breakout above the $215 level could open the path toward $240. Further support for this bullish outlook comes from a potential reversal in the SOL/BTC pair. Analysts have identified a double bottom formation on the three-day chart, suggesting an exhaustion of selling pressure and potential for a sustained upward momentum. This confluence of technical signals and institutional accumulation makes Solana’s price trajectory particularly interesting as we approach 2025.