Solana Price Analysis: What’s Driving Bullish Momentum?

Solana is experiencing a period of sustained bullish momentum, aligning with the anticipated altseason before year-end 2025. This positive trend has been fueled by the growth in DeFi projects on the Solana network and a general increase in crypto FOMO (Fear Of Missing Out). The wider altcoin market, driven largely by Solana’s price surge, is gradually gaining bullish momentum. This follows Bitcoin’s rebound above $95k, pushing traders to reengage with the crypto markets. 80% of the altcoin market now has a positive sentiment, as reflected in the fear and greed index for both Bitcoin and Ethereum. Solana itself has seen its Fear and Greed Index climb from neutral to 63%, suggesting increasing optimism among investors. Technical indicators also point towards continued upward momentum with SOL’s daily MACD line breaking above zero, signaling a potential breakout above $180 if the price of Bitcoin continues to rise toward $99,400.