Standard Chartered Bank predicts that by the end of the year, Solana's target price will reach $250.

Standard Chartered Bank Proposes a $250 Year-End Target Price

Global investment bank Standard Chartered has set a $250 year-end target price for Solana and issued a bullish outlook. Doo Prime analysis suggests its price could even rise to a more aggressive $336. This optimism is consistent with recent market conditions: since the Strait of Hormuz reopened on the 17th, risk asset appetite has strengthened, and the S&P 500 index has also hit new highs.

Although some analyses captured trading around the $182 level, this seems to stem from differences in measurement methods such as regional market snapshots and rupee conversions. In the Indian market, Solana is trading between 8,231 and 8,235 rupees (about $98), up 0.81% over the past 24 hours.

Key technical resistance breakout becomes the focus, with potential to test $100

Solana is currently facing resistance in the $88.56 to $90 range. TronWeekly reported that Solana rose 4% to around $89.89 and analyzed that if this resistance level is broken, it could retest $100. On the other hand, support levels are formed in the $67 to $78 range, and some views suggest that risk management is needed to deal with short-term volatility.

Indonesia’s Pintu exchange warned that the $95 level could be a potential “trap,” and said that despite signs of a recovery, caution is still necessary. Market participants are closely watching buying pressure at the current price level and whether resistance levels can be broken.

Wallet count surpasses 167 million, ecosystem continues to grow

The Solana network has recorded a total of 167 million wallets, proving the expansion of its user base. Just in the first quarter of 2026 alone, stablecoin supply increased by $3.8 billion, and 68% of the total circulating supply has been staked, helping secure the network. Through a fee burn mechanism, the net inflation rate remains below 5%, easing concerns about token value dilution.

In particular, the integration of wXRP has introduced $100 million in liquidity into the Solana DeFi ecosystem. This provides Ripple (XRP) holders with a channel to access Solana-based decentralized financial services and is viewed as a case of strengthened cross-chain interoperability.

Firedancer upgrade successfully achieves millions of transactions per second

The Firedancer validator client, developed by Jump Crypto, successfully reached 1 million transactions per second in stress testing. It is expected to significantly improve the performance of the existing Solana network, with a full mainnet rollout planned for the second half of 2026. Experts predict that once Firedancer is officially put into operation, network stability and processing capacity will make a leap forward, having a positive impact on attracting institutional investors.

Active moves have also emerged in the derivatives market. Trading volume increased by 35%, reaching $146.5 billion, and open interest stands at $54.4 billion, indicating traders’ interest is growing.

Based on current market data, Solana’s market cap has surpassed $50 billion, maintaining its position as the 7th largest cryptocurrency by market capitalization. Its circulating supply is 575.38 million coins, using an inflation model with no maximum supply limit. 24-hour trading volume is $5.987 billion, down 9.99% from the previous day, showing a slight cooling of short-term trading sentiment.

Industry analysts say: “Solana’s technological progress and ecosystem expansion are clear advantages, but whether it can break through the $90 resistance level will determine the near-term direction. The launch of Firedancer and whether institutional funds flow in are key variables for achieving the year-end target price.”

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