Solana Eyes $600 Rally as Anatoly Yakovenko Hints at New Perpetual DEX

Solana (SOL) continues to show strong technical and market resilience, sustaining its upward momentum amid renewed community excitement and bullish analyst forecasts. The asset’s price has climbed to $192.43, supported by a 24-hour trading volume exceeding $5.8 billion. Despite a marginal 7-day dip of 0.23%, traders see growing confidence in Solana’s trend structure as it consolidates above a key breakout range near $180–$190.

Analysts See SOL Momentum Building Toward $250

Market analyst Lark Davis noted that Solana’s relative strength index (RSI) is nearing a momentum breakout, while the moving average convergence divergence (MACD) is close to forming a bullish cross. 

He added that a potential “W” pattern commonly viewed as a double bottom may be setting up, with a neckline break potentially driving prices toward $250. The main challenge now lies in defending the 200-day exponential moving average, a level that has historically supported major bullish reversals.

Measured Move Projects $600+ as Weekly Chart Holds Firm

Source: X

According to analyst Micro2Macr0, Solana’s long-term structure remains firmly bullish. The measured move on the weekly chart projects a potential rally to over $600 once current consolidation resolves. 

Fibonacci extensions show intermediate resistance at $265 and $451, while support is well-established around $165 and $138. Micro2Macr0 emphasized that a sustained breakout above $250 could confirm a parabolic move toward $458–$600, representing a potential 240% upside if momentum persists through late 2025.

TOLY’s GitHub Activity Fuels Solana Ecosystem Speculation

Meanwhile, community attention has turned to Solana co-founder Anatoly Yakovenko, known as Toly, after new GitHub activity suggested he may be developing a perpetual decentralized exchange (DEX) on the Solana network. This development underscores Solana’s continuous innovation drive and strengthens its DeFi positioning.

Adding to market buzz, Coinpaper reported that Solana’s official X account released a cryptic teaser featuring glowing cards and a payment chime, ending with the date 'October 20, 2025.' The community expects this reveal to introduce a Solana-branded debit or credit card, signaling deeper integration between blockchain payments and real-world financial systems.