Solana bull flag, rising stablecoin market cap hint at SOL price rally to $220

Key takeaways:

• Solana’s stablecoin supply rose by 156% in 2025, to hit a new record at $12 billion.

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

• SOL price formed 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 the altcoin’s upside is not over.