Solana (SOL) price today is slowly winning back trader trust as it holds steady near $166, registering a 2.7% daily gain. After plunging to $136 in June, the recovery signals growing interest in the altcoin during this ongoing crypto bull run.
But this surge isn’t just fueled by hype. According to top chart analyst Ali Martinez, a breakout above $170 could ignite a powerful rally and possibly lead SOL to $2,000.
One of the biggest factors behind SOL’s latest upswing is speculation around a Solana spot ETF approval in the U.S.
Further boosting investor sentiment is the recent launch of the REX-Osprey Solana and Staking ETF (SSK) on the Cboe BZX exchange.
This ETF sets Solana apart from many other altcoins, positioning it as a growth + yield asset for both retail and institutional investors.
According to Ali Martinez, SOL is forming a cup-and-handle pattern on the weekly chart, a bullish technical indicator.
The Solana Fear and Greed Index currently sits at 64, indicating a “Greed” sentiment and increasing market optimism.
With bullish technical patterns, rising ETF speculation, and growing investor interest, Solana seems primed for a major breakout. If ETF approvals mirror Bitcoin’s success, SOL could become one of the top altcoin performers this cycle.
Solana’s price is up today due to continued speculation around a U.S. spot ETF approval, the positive impact of the newly launched REX-Osprey Solana Staking ETF attracting institutional capital, and a bullish technical breakout above key resistance levels.
According to our Solana price prediction 2025, the altcoin might chug up to a maximum of $400 by 2025.
As per our Solana price prediction 2030, with a potential surge, the price of SOL could reach a maximum of $1,351.
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