Key Takeaways
- Solana ETF approval sparks on-chain transactions, driving its price above $200 as it could continue upwards.
- SOL trades above its 50-day and 200-day EMAs to solidify bulls’ dominance in the coming days.
- Solana’s price could hit $500 sooner than expected if SOL ETF is approved, as crypto analysts speculate.
| Token Name | Solana (SOL) |
| Current Price | $217 |
| Market Capitalization | $105.8B |
| Total Circulating Supply | 482.91M SOL |
| Daily Support | $190 |
| Weekly Support | $180 |
| 1 Year Performance | 150% |
The price of Solana (SOL) closed above $180 for the first time since its crash following the FTX fiasco. The price surged from its low of $10 to a high of $260 creating a new all-time, leaving investors and whales dismayed.
Solana’s price dropped from its all-time high by 20% towards a region of $175 forming a good support ahead of its yearly close.
Price of Solana is beginning to gain much momentum again breaking out its bullish channel and news of Solana (SOL) ETF could act as a catalyst for price in 2025.
Solana ETF Approval Euphoria
There have been growing indications surrounding the approval of Solana (SOL) Exchange-traded funds (ETF) as investors and traders believe the price of SOL could surge higher just like Bitcoin did after its ETF approval.
The approval of Solana (SOL) by the U.S. Security and Exchange Commission (SEC) would be a huge milestone for Solana and its ecosystem as investors are looking to leverage on the potential of Solana to rally higher as crypto experts predict a price rally to $1,000.
The probability around its approval is over 50% as crypto analysts expect this approval to come around July of 2025.
Solana Market Sentiment
The general market feels Solana is ready for a mega pump with on-chain data seeing much influx of purchases and trading activities happening on the Solana network.
Despite the less excitement around Solana memecoins, crypto analysts remain positive that Solana will turn out as a major performer in 2025 after much rally that saw Solana outperforming bigger caps like Bitcoin and Ethereum in a four year ROI analysis.
SOL Price Prediction For Today, Tomorrow, Next Week, 2025, 2030
Source – SOL Technical Analysis Price Chart From TradingView
Solana was one of the top-performing cryptocurrencies in 2024, rallying by over 150%. It recorded a new all-time high of $265 before seeing its price retrace towards $180 during the festive holidays of 2025.
2025 is beginning to look more promising for Solana. The price broke out of its range movement and could be ready for more bullish price action, reaching a high of $265 to $300 in the coming weeks and a possible $500 to $1,000 before the year-end as its ETF approval itches closer.
On the higher timeframe, the price of SOL trades above the 50-day and 200-day EMA, suggesting bullish price dominance as the price could continue to trend higher.
If the price of SOL continues to trade above the $190 support zone formed at the close of its year candle, we could see more upside potential for Solana as it aims to sustain its rally.
What Will Be The Price Of Solana In 2025?
The price of Solana is likely to reach $500 to $1,000 before the end of 2025. With the approval of the SOL ETF, we could see the price hitting those digits faster.
Is Solana A Strong Buy Signal Today?
Yes, after breaking above its $200 resistance with a strong bullish structure, the price of SOL could go as high as $265 to $300 in the coming days or weeks.
