Solana Price Prediction As 21Shares Says Solana’s $2.85B Revenue Rivals Palantir, Robinhood

The Solana price dropped 1% in the past 24 hours to trade at $230.82 as of 5:56 a.m., as 21Shares says Solana’s “remarkably strong” $2.85 billion revenue rivals Palantir and Robinhood.

In a blog post, Matt Mena, a crypto research strategist at 21Shares, said that Solana’s network continues to show unexpected resilience.

Mena notes that the network generated roughly $2.85 billion in annual revenue from October 2024 through September 2025, which positioned it as one of crypto’s fastest-growing blockchains.

According to him, the revenue is “firm,” even as the speculative memecoin frenzy that drove early-year trading volumes has cooled.

However, there has been some life in the memecoin space, with the Solana memecoin sector surging 3.4% in the last 24 hours to a $11.3 billion market capitalization.

Solana’s success can be attributed to its broad mix of activity, which, according to Mena, includes decentralized exchanges, trading tools, wallets, and emerging sectors like DePIN and AI-driven applications that all contribute meaningfully to network fees and usage.

Can all of those factors push the price of Solana higher?

Solana Price Bulls Hold The Reins Amid Rising Momentum

The SOL price has been trading within a well-defined rising channel pattern since mid-July 2025, showing consistent higher highs and higher lows, signaling bullish sentiments.

The recent pullback from the upper boundary of the channel found strong support near the 50-day simple moving average (SMA) at $215, which has acted as a dynamic floor for the past few weeks.

Solana’s price has reclaimed the critical 0.786 Fibonacci retracement level at $219.74, which now functions as both psychological and technical support.

Meanwhile, the Relative Strength Index (RSI) is currently around 56, comfortably above the neutral 50 level but below the overbought threshold. This suggests there is room for further upward movement before Solana reaches an overheated condition.

SOL/USD Chart Analysis: TradingView

SOL Price Aiming For $250, Eyes On $295

Given the confluence of trend support, moving averages, and healthy RSI positioning, the SOL price’s technical structure suggests potential continuation toward the $250–$253 range in the near term.

A breakout above that resistance would set the stage for a medium-term rally toward $295, the previous cycle high.

However, if the price of Solana drops below $215, the short-term outlook may shift to a consolidation phase, with the $193–$200 zone serving as a crucial buffer before any deeper correction.