{"id":56165,"date":"2025-11-01T19:32:13","date_gmt":"2025-11-01T19:32:13","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56165"},"modified":"2025-11-01T19:32:13","modified_gmt":"2025-11-01T19:32:13","slug":"solana-price-prediction-is-solanas-strong-on-chain-activity-signaling-a-bitcoin-style-breakout-ahead","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56165","title":{"rendered":"Solana Price Prediction: Is Solana\u2019s Strong On-Chain Activity Signaling a Bitcoin-Style Breakout Ahead?"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Bitwise Chief Investment Officer Matt Hougan says Solana price could follow a path similar to Bitcoin over time. <\/span><span style=\"font-weight: 400\">He argues that both assets may benefit from the same broad forces shaping the digital-value market.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Hougan <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/Matt_Hougan\/status\/1983933211555078479?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1983933211555078479%7Ctwgr%5E7e2c695b7d832af17eea8019a23100faf1e94ef4%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fforklog.com%2Fen%2Fbitwise-cio-compares-solanas-potential-to-bitcoin%2F\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">outlined<\/span><\/a><span style=\"font-weight: 400\"> two key drivers behind Bitcoin\u2019s valuation. First, the store-of-value market continues to grow as investors look for alternatives to traditional assets.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ The best crypto investments give you two ways to win. A thread exploring one reason I\u2019m so bullish on Solana.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f9f5.png\" alt=\"\ud83e\uddf5\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>\u2014 Matt Hougan (@Matt_Hougan) <a href=\"https:\/\/twitter.com\/Matt_Hougan\/status\/1983933211555078479?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">Second, Bitcoin could capture a larger share of that market as it matures. <\/span><span style=\"font-weight: 400\">Hougan said that if the market simply doubled and Bitcoin kept its current share, its price would likely rise in line with that expansion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If Bitcoin\u2019s share climbed toward 50% similar to gold\u2019s standing, he believes the price could reach about $6.5 million per coin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">He said the same logic could work for Solana. In his view, the chain now serves as a base layer for stablecoins and tokenized real-world assets, areas he believes could grow many times from here. <\/span><span style=\"font-weight: 400\">Hougan has also argued that the new US exchange-traded products could help Solana push to fresh highs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitwise launched its spot SOL ETF on October 28 under the ticker BSOL. Grayscale rolled out its own version the next day, listed as GSOL.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The formula is simple:<\/p>\n<p>ETF Flows + Treasury Company + Simple Story = All-Time Highs<\/p>\n<p>It worked for Bitcoin, it&#8217;s working for Ethereum,  and it&#8217;s lined up for Solana.<\/p>\n<p>Nice graphic <a href=\"https:\/\/twitter.com\/scottmelker?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@scottmelker<\/a>. <a href=\"https:\/\/t.co\/c3Ny4PulcK\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/c3Ny4PulcK<\/a><\/p>\n<p>\u2014 Matt Hougan (@Matt_Hougan) <a href=\"https:\/\/twitter.com\/Matt_Hougan\/status\/1961410946267566270?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">August 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The two funds brought in about $154 million in their first sessions. Together, they now manage roughly $439 million in SOL exposure, or about 0.4% of the token\u2019s circulating supply.<\/span><\/p>\n<p><b>DISCOVER:\u00a0<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><b>9+ Best Memecoin to Buy in 2025<\/b><\/a><\/p>\n<h2><b>Solana Price Prediction: Is SOL Showing Bullish Price Action Above Key Support Levels?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Data from <\/span><a class=\"general-link\" href=\"https:\/\/defillama.com\/chain\/Solana?\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">DeFiLlama<\/span><\/a><span style=\"font-weight: 400\"> shows the network handled about 55\u201360 million transactions per day, a sign that users continue to move funds and interact with apps at scale.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-304139\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.14-PM.jpg\" alt=\"Bitwise Chief Investment Officer Matt Hougan says Solana price could follow a path similar to Bitcoin over time.\" width=\"1026\" height=\"546\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.14-PM.jpg 1026w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.14-PM-300x160.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.14-PM-1024x545.jpg 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.14-PM-768x409.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.14-PM-50x27.jpg 50w\" sizes=\"(max-width: 1026px) 100vw, 1026px\"><\/p>\n<p><span style=\"font-weight: 400\">(<\/span><span style=\"font-weight: 400\">Source:<\/span><strong><a class=\"general-link\" href=\"https:\/\/defillama.com\/chain\/Solana?\" target=\"_blank\" rel=\"noopener nofollow\"> DeFiLlama<\/a><\/strong><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">The number of addresses that were active in the last day was approximately 2.0-2.9 million, which indicates that people are not interested in a burst of activities, but in consistent ones.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The volume of the DEX was approximately 3.9 billion every day, and the total for the seven days amounted to approximately 28-31 billion.\u00a0 <\/span><span style=\"font-weight: 400\">That indicates excellent liquidity levels and continued engagement within the trading ecosystem of Solana.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CoinGlass data shows SOL\u2019s open interest in derivatives sitting near $9.37 billion.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-304140\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.22-PM.jpg\" alt=\"Bitwise Chief Investment Officer Matt Hougan says Solana price could follow a path similar to Bitcoin over time.\" width=\"1016\" height=\"384\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.22-PM.jpg 1016w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.22-PM-300x113.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.22-PM-768x290.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.22-PM-50x19.jpg 50w\" sizes=\"auto, (max-width: 1016px) 100vw, 1016px\"><\/p>\n<p><span style=\"font-weight: 400\">(<\/span><span style=\"font-weight: 400\">Source:<\/span><strong><a class=\"general-link\" href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\" target=\"_blank\" rel=\"noopener nofollow\"> Coinglass<\/a><\/strong><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><b>DISCOVER:\u00a0<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-100x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><b>10+ Next Crypto to 100X In 2025<\/b><\/a><\/p>\n<p><span style=\"font-weight: 400\">Spot trading over the past day reached about $690.65 million, while futures volume came in around $11.05 billion. <\/span><span style=\"font-weight: 400\">SOL is trading around one of the vital support levels, and the price movement indicates stable purchases.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">One of the analysts provided a chart that shows that buyers have intervened several times within the range of about $260-$270.\u00a0 <\/span><span style=\"font-weight: 400\">Any test of this zone has signaled a bounce, indicating that dip-buyers are still at task and are ready to protect the level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Price action has turned steady again. The token is trading above short-term trend levels, including the rising 20-day moving average, which has begun to turn up.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-304141\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.29-PM.jpg\" alt=\"Bitwise Chief Investment Officer Matt Hougan says Solana price could follow a path similar to Bitcoin over time.\" width=\"1032\" height=\"590\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.29-PM.jpg 1032w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.29-PM-300x172.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.29-PM-1024x585.jpg 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.29-PM-768x439.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-01-at-9.27.29-PM-50x29.jpg 50w\" sizes=\"auto, (max-width: 1032px) 100vw, 1032px\"><\/p>\n<p><span style=\"font-weight: 400\">(<\/span><span style=\"font-weight: 400\">Source: <\/span><a class=\"general-link\" href=\"https:\/\/x.com\/CryptoKing4Ever\/status\/1984254230853750894\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"><strong>X<\/strong><\/span><\/a><span style=\"font-weight: 400\">)<\/span><\/p>\n<p><span style=\"font-weight: 400\">Recent candles show higher lows through the week, a sign that buyers are stepping back in. Trading activity has also evened out after the pullback, suggesting sellers are losing their grip.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The next hurdle sits near $295. The chart shows several attempts to move past this zone, but each push has been rejected. A clean break and close above that level would point to further strength.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The analyst says a move through $295 opens the door toward $400, close to an earlier supply pocket around $390\u2013$410, where price stalled earlier this year.<\/span><\/p>\n<p><span style=\"font-weight: 400\">RSI is climbing from mid-range, leaving room for price to stretch before it hits overheated levels. If the trend breaks down, support around $250\u2013$255 could act as a safety net. For now, the structure still leans higher.<\/span><\/p>\n<p><b>DISCOVER:<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">\u00a0<b>Best Meme Coin ICOs to Invest in 2025<\/b><\/a><\/p>\n<p><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><b>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/b><\/a><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/solana-price-prediction-is-solanas-strong-on-chain-activity-signaling-a-bitcoin-style-breakout-ahead\/\">Solana Price Prediction: Is Solana\u2019s Strong On-Chain Activity Signaling a Bitcoin-Style Breakout Ahead?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitwise Chief Investment Officer Matt Hougan says Solana price could follow a path similar to Bitcoin over time. He argues that both assets may benefit from the same broad forces shaping the digital-value market. Hougan outlined two key drivers behind Bitcoin\u2019s valuation. First, the store-of-value market continues to grow as investors look for alternatives to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-56165","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56165"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/56165\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}