Technical indicators point towards a significant potential rally in Solana’s price, with analysts eyeing the $300 mark. Overcoming key resistance zones around $155-$165 is currently deemed crucial for triggering this upward trajectory.
Market sentiment and underlying onchain metrics further bolster confidence in SOL’s upside potential. Several analysts project medium-term targets reaching $200, $300, or even $1,300.
This bullish outlook coincides with exceptionally high market expectations for regulatory approval of spot Solana ETFs. Data from prediction platforms indicates approximately a 99.7% chance of approval occurring during the year. Leading asset managers such as VanEck and Grayscale have already filed applications.
Predicted timelines align with forecasts from Bloomberg ETF analyst James Seyffart, who anticipates a wave of new ETF approvals arriving late in the year.
The prospect of substantial institutional capital inflows via approved spot Solana ETFs is cited as a major catalyst anticipated to significantly propel SOL prices beyond current levels.