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Solana Bull Flag, Rising Stablecoin Market Cap Hint at Sol Price Rally up to $ 220

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Key Takeaways:

  • Solana’s Stablecoin supply rose 156% in 2025, to hit a new note to $ 12 billion.

  • Solana’s TVL grew 25% to $ 7.65 billion, with 27.7% decentralized exchange of exchange volume, leading Ethereum and BNB chain.

  • The Sol Price is formed by a bull flag, with a price target at $ 220.

Solana’s native token, Sol (Sol) Failed to maintain its bullish momentum after reaching $ 156 on April 25, but an assortment of data points suggests that altcoin’s reversal is unfinished.

Sol Stablecoin Market Cap hits $ 13 billion

Solana’s stablecoin supply was a skyrock of 156% in 2025, dropping the past $ 13 billion to hit a new high time.

Circle’s USDC (USDC) Stablecoin remains selected for Solana users, with a 77% part of the market.

Solana Stablecoin supply is over $ 103 billion, setting up a new high time. Source: Defillma

Stablecoins is integral to the decentralized finances of Solana (DEFI) ecosystem, driver of liquidity and increase in SOL demand as it is used for transaction and staking fees, which potentially push its price upward.

The rise of Stablecoin inflows in history is related to price rallies, as seen between December 2023 and August 2024, when a 230% rally at SOL price was accompanied by a 160% increase in Stablecoin inflows from $ 1.55 billion to $ 4.06 billion.

Solana TVL and as of transaction in the rise

Solana remains the second largest blockchain in terms of Total amount that is locked (TVL) and first rank in Dex volumes.

Solana’s TVL rose from $ 6.1 billion from April 9 to $ 7.65 billion on May 6, an increase of more than 25% to nearly 30 days.

Solana TVL and transaction count. Source: Delete

Positive signs include a 44% increase in sanctuary deposits, a liquid staking application, and 25% growth in Jito and Kamino.

Solana’s day -to -day counts also increased by 25% in the last month to 57.77 million transactions.

While the Ethereum and BNB chain provides competition in terms of onchain volumes, Solana’s network is the undeniable leader with a dex -day -to -day volume standing at $ 2.61 billion at the time of writing. Solana also ordered a 27.7% DEX sharing, leading the BNB chain and Ethereum’s 18%.

The dominance of the blockchain volume. Source: Defillma

Sol Bull points point to $ 220

The Sol Price is formed by a bull flag chart pattern in the sunny hours of time, as shown in the chart below.

A Bull flag The pattern is a bullish setup that forms after the price combined within a down-sloping range following a sharp price increase.

Sol/USD Daily Chart. Source: Cointelegraph/Tradingview

Toro flags are usually resolved after the price breaks above the upper trend and increases as much as the height of the previous uptrend. It puts the upper target for the SOL price at $ 220, up to 53% from the current price.

Crypto analyst Rishad Says That sol price will have to hold $ 120 – $ 130 support to increase the chances of moving towards $ 178 and more.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.