- Solana is showing bullish price action, with analysts predicting a potential climb toward $336 if current momentum sustains.
- SEC’s request for revised SOL ETF filings signals a softening stance on staking, boosting investor confidence.
- Analysts now estimate a 90% chance of ETF approval by July, pushing Solana closer to broader institutional adoption.
Solana (SOL) is currently trading at $163.61, marking a 0.73% daily gain with a 24-hour trading volume surging 39.09% to $6.03 billion. Over the past week, Solana’s price climbed 4.92%, underscoring renewed investor optimism.
According to crypto analyst VipRoseTr, SOL has broken out of a descending channel and validated the breakout zone through a successful retest, suggesting a strong bullish continuation.
This pattern often appears before strong upward moves and suggests a possible trend reversal. The analyst expects Solana (SOL) could rise to $259, $298, and even $336 in the coming weeks if it keeps its current pace. Good buying opportunities are between $150 and $160, with a stop loss below $140 to limit potential losses.
SEC requests Solana ETF applicants to revise filings
A key regulatory update is affecting the current market mood. The U.S. Securities and Exchange Commission (SEC) has asked companies applying for Solana ETFs to update and resubmit their documents. These updates need to clearly explain how in-kind redemptions and staking will work. This could be a sign that the SEC is becoming more open to these features, unlike in earlier Ethereum ETF filings where staking was not allowed.
Several big asset managers like VanEck, Fidelity, Bitwise, Grayscale, and 21Shares are in a race to launch the first spot Solana ETF. Grayscale is trying to turn its current SOL Trust into a spot ETF, just like it did with Bitcoin. Experts such as James Seyffart and Eric Balchunas now believe there’s a 90% chance the SEC will approve a Solana ETF by July 2025.
Such a friendlier stance by the regulators may attract more interest from the institutional investors. Futures-based ETFs for SOL are already in the market, and the recent price move indicates increased investorinterest. Following the SEC announcement, Solana (SOL) rose 3% to $163. It has resistance just over $183 and support around $142.
Solana price forecast for 2025 shows mixed predictions
Predictions for Solana’s price in 2025 vary quite a bit. One source, DigitalCoinPrice, expects a strong rise, with SOL possibly reaching $289 in early 2025 and even hitting $360 by the end of the yearc, well above its previous record of $294. On the other hand, Changelly has a more cautious view, predicting a top price of $166 and an average around $174, which would give a small return of just 0.25%.
For June 2025, forecasts are a bit more hopeful, with prices expected to range between $165 and $174, offering a possible return of around 4.9%. These differences show how uncertain the market still is, especially with changing regulations and market conditions.
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