Solana TPS briefly broke through the 100,000 mark, creating history! Technical breakthroughs ignite bullish expectations; can the SOL price return to 200 dollars? | SOL price prediction

Last weekend, the Solana Blockchain network achieved an astonishing breakthrough in throughput (TPS), briefly soaring to six figures (over 100,000 TPS), becoming the first "mainstream blockchain" to reach this milestone, instantly igniting bullish sentiment in the crypto community regarding the price of SOL Token. The technical team conducted stress tests on the network through lightweight program calls, successfully processing over 43,000 transactions in a single Block. Although this belongs to a specific testing scenario, Helius co-founder Mert Mumtaz insists that Solana theoretically has the capability to handle 80,000 to 100,000 complex transactions, laying the foundation for accommodating institutional-level demand (such as the stock tokenization platform xStocks). Technically, SOL has stabilized at the Fibonacci support level of $175, and if it can break through the key resistance at $207, it may embark on a journey to return to the historical high of $300.

Solana's throughput breaks a record of over 100,000 TPS, and the stress test demonstrates the network's potential

Last weekend, the Solana blockchain network experienced a historic moment as its transaction processing speed (TPS) briefly soared to an astonishing six-digit level, becoming the first "mainstream blockchain" to cross this milestone, significantly boosting market bullish expectations for the price of SOL tokens. Helius co-founder Mert Mumtaz pointed out that a Solana block successfully processed 43,016 transactions late Sunday night, with only 50 failures, reaching a total TPS of 107,540. It is important to note that most of these transactions were lightweight program calls used for stress testing network capacity, rather than typical payments or complex application interactions. Nevertheless, Mumtaz believes that even if the benchmark testing consists of program calls, Solana could theoretically handle 80,000 to 100,000 TPS for more complex operations. This breakthrough performance significantly enhances the network's throughput capability to meet the demand driven by institutions, especially as it becomes the preferred network for stock tokenization such as xStocks.

SOL Price Prediction: Can Technical Milestones Help Hit the $200 Mark?

While this milestone may solidify Solana's role in the current institution-driven cycle, its overall impact may depend on whether the CLARITY Act can address regulatory uncertainty (which is currently hindering institutional entry). In the short term, this technological breakthrough could become the catalyst Solana needs to test the upper boundary of the upward channel formed since mid-April. The $207 level remains a key breakthrough threshold, with the current focus on whether the price can hold the support at $175 (the 0.382 Fibonacci retracement level), which is a common bottom signal in shallow pullbacks. Momentum indicators remain strong: the Relative Strength Index (RSI) has yet to fall below the neutral line, indicating that buyers are still in control of the trend. However, the Moving Average Convergence Divergence (MACD) is on the verge of a "death cross" (where the MACD line is about to cross below the signal line), which is an early warning of a new downtrend. Nevertheless, the likelihood of a significant decline in the coming week is low. Given that the Federal Reserve's decision to cut interest rates in September is still 30 days away, the macro catalyst that could trigger new demand has yet to arrive. A more credible short-term target may be a drop to $166 (the 0.5 Fibonacci retracement level), which is a more common reversal area and coincides with the lower trend line of the triangle pattern. Looking ahead, if SOL can successfully convert $207 into a support level, it will clear the way for the price to re-test the historic high of $300 (with little historical resistance above). If the breakout is fully realized, Solana could even target $500 (a potential rise of 183% from the current price), but this remains a long-term goal for the mature phase of the bull market.

Conclusion

The breakthrough of Solana at 100,000 TPS is undoubtedly a significant leap in the development of Blockchain technology, showcasing its leading potential as a high-performance public chain and paving the way for institutional applications such as stock tokenization. In the short term, the price trend of SOL needs to pay attention to the support strength in the range of $175-$166 and the breakthrough of the key resistance level at $207. However, the innovations in layer 2 scaling within the Bitcoin ecosystem through projects like $HYPER indicate that the competition in the high-performance public chain sector will become more intense. While investors position themselves for the potential rise of SOL, they must also closely monitor the progress of the Bitcoin L2 ecosystem and the clarification of regulatory policies (such as the CLARITY Act), as these factors will collectively shape the landscape of the next stage of the crypto market. Technical breakthroughs are just the starting point; the real challenge for Solana to maintain its high valuation lies in the implementation of genuine ecological applications and sustained network stability.