Solana set to soar? Analysts eye $300+ rally as ETF buzz and inflows hit fever pitch

Time of India

a day ago

What's driving Solana's recent rally?
ETF buzz is hitting a fever pitch. Odds for a U.S. spot Solana ETF approval are now above 99%, according to prediction markets.
New staking-backed Solana ETF products, like those by REX Shares, have already seen tens of millions in inflows.
Institutional interest is building fast, especially as analysts expect official ETF approvals by late 2025.
Why are investors watching the Solana ETF approval so closely?
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How has Solana performed historically?
Monthly low : ~$126
: ~$126 Monthly high : ~$178
: ~$178 Current average : ~$152
: ~$152 Year-to-date high: ~$268 in January 2025
What are the charts saying about Solana?
A bull flag pattern has emerged, often a precursor to strong upward moves.
has emerged, often a precursor to strong upward moves. SOL just broke past the $170 resistance zone , which includes both the 50-day and 200-day moving averages.
, which includes both the 50-day and 200-day moving averages. Next key resistance levels: $200, then $265, and potentially $300 if bullish volume keeps climbing.
Is Solana price gearing up for a major rally?
What are analysts predicting for Solana short-term?
CoinCodex forecasts a move to $173 by early August, a modest gain—but this could be conservative.
forecasts a move to by early August, a modest gain—but this could be conservative. Other analysts, including those at Mitrade and 21Shares , are eyeing a near-term surge toward $200–$300 , especially if ETF-related momentum continues.
and , are eyeing a near-term surge toward , especially if ETF-related momentum continues. Some bullish forecasts even hint at $2,000 over the long term, though that would likely require several major catalysts beyond ETFs.
Could Solana really hit $300 or more in 2025?
ETF approvals by the SEC could be a game-changer for price discovery.
by the SEC could be a game-changer for price discovery. Solana's Firedancer upgrade is expected to massively scale network performance by year-end.
is expected to massively scale network performance by year-end. Solana's phone and mobile stack are helping expand use cases and developer interest.
What do long-term predictions look like for SOL?
Base Case : Solana matures into a major DeFi and Web3 hub, sustaining prices between $300–$500 .
: Solana matures into a major DeFi and Web3 hub, sustaining prices between . Bull Case : SOL adoption explodes with institutional backing, leading to prices above $1,000 .
: SOL adoption explodes with institutional backing, leading to prices . Bear Case: Network issues or stronger Layer-1 competition (like Ethereum or Avalanche) could limit growth and keep SOL under $200.
What's driving institutional interest in Solana?
How strong is Solana's ecosystem performance?
Are there any risks holding Solana back?
Network outages have haunted Solana in the past, raising reliability questions.
have haunted Solana in the past, raising reliability questions. If support at $145 fails, analysts warn of a drop to $120 or lower.
fails, analysts warn of a drop to or lower. Macro trends, like interest rates or global regulations, could cool down ETF hype quickly.
What's next for Solana (SOL) price and adoption?
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Solana (SOL) is making headlines once again. With the price consolidating between $160 and $170, the buzz around a potential breakout is growing louder. At the same time, institutional interest is picking up serious momentum—driven in part by the surging odds of a spot Solana ETF approval, which now stand at a staggering 99% on some prediction markets. From major asset managers racing to file applications with the SEC to strong on-chain growth and fresh buying from big-name firms, Solana's momentum seems to be building from multiple fronts. Let's break it all down.As of today, Solana is trading around, marking a strongand nearly. What's behind the sudden momentum?All signs are pointing toward a growing appetite for SOL exposure from both retail and Wall Street.The biggest headline lately? The REX-Osprey spot Solana ETF has already pulled in $73 million in inflows since its launch. That's not a small number. It shows growing confidence among institutional investors in Solana's long-term potential. What's more, prediction markets now place the odds of SEC approval for a Solana ETF at 99% before the end of 2025.Major asset managers like VanEck, Grayscale, Bitwise, 21Shares, Galaxy Digital, and Invesco are all in the game, filing paperwork and lining up for approval. The SEC has reportedly urged issuers to quickly resubmit documents, adding to the speculation that a green light may come sooner than expected.Analysts at Bloomberg are already forecasting that Solana may soon join Bitcoin and Ethereum as one of the only cryptocurrencies with a U.S.-based spot ETF, and not just that—a staking-based ETF may also be on the horizon. That would be a first in the U.S., opening up a whole new category of crypto investment products.Looking at the past month (June 17 – July 17, 2025), SOL has been climbing steadily:Despite today's strength, Solana is still down roughly, which gives plenty of room for potential upside if momentum continues.Technically, Solana is flashing major bullish signals:Analysts suggest that if SOL holds above, a rally to $300 could unfold in a matter of weeks.From a technical standpoint, Solana's chart looks promising. Analysts are pointing to a classic cup-and-handle pattern—a bullish indicator formed over the past two years. After the crash that followed FTX's collapse in 2022, Solana rebounded strongly in 2023 and even reached $294 in January 2025.That level triggered some short-term selling, forming the "handle" part of the pattern. But now, Solana appears to be testing the resistance of a falling channel, and if it breaks out, the next targets could be significant.Analysts have marked out the 161.8% Fibonacci extension, projecting a long-term price target of $2,700. But to get there, Solana must first retake its previous high of $294, followed by major resistance at $787 and $1,314. Still, with rising spot and derivatives volume, increasing open interest, and ETF news swirling, many believe a rally could be around the corner.Here's what experts are saying about where SOL could head next:Yes—many believe $300 is not only possible, but probable. Here's what they're watching:Combine these with rising trading volume and macro interest in Layer-1 platforms, and it's no wonder analysts are bullish.Looking further ahead into 2026–2030, here's what experts see:Still, most forecasts remain confident that Solana will be among the top performers of the next crypto cycle.Institutional buyers aren't just talking—they're buying. DeFi Development Corp, for example, recently added over 153,000 SOL tokens to its portfolio. That's a major bet, and it places the firm among the largest holders of SOL.At the same time, Click Holdings and BIT Mining, both Nasdaq-listed companies, have publicly announced plans to add Solana to their corporate treasuries, showing how crypto is increasingly becoming part of mainstream finance.Solana's appeal also lies in its strong ecosystem growth. It has now crossed $4 billion in total deposits, with daily DEX volumes reaching $3.15 billion, ranking it second among all blockchains. That level of on-chain activity suggests deep, consistent usage—not just hype.There's more than just price action happening here. Solana's Q2 on-chain revenue hit $570 million, which makes up about 46% of total network revenue across all chains. That's a massive share, highlighting how active and valuable the Solana ecosystem has become.The platform has also launched its Realms v2 upgrade, which enhances DAO governance by making voting more transparent and improving treasury management tools—crucial for long-term decentralization.Solana even inked a Memorandum of Understanding with Kazakhstan's government, aimed at promoting blockchain innovation in the region. These moves are helping Solana gain international recognition as a serious blockchain infrastructure provider.Of course—no rally comes without risks. Here are the main ones:Still, bulls believe those concerns are priced in—and that Solana has matured significantly since its earlier growing pains.With its market cap now above $89 billion—surpassing even Ferrari—Solana has clearly gained massive investor attention. The cryptocurrency is no longer just a speculative asset; it's becoming a part of institutional portfolios, government partnerships, and advanced DeFi infrastructure.Whether it's the imminent ETF approval, technical breakout potential, or surging ecosystem growth, Solana seems well-positioned for the next big move. The only question left: Will it break through the $294 barrier soon, or will investors need to wait a bit longer for liftoff?One thing's certain—all eyes are on Solana, and it's not just the crypto crowd watching this time. Solana ETF approval odds have reached 99%, with several firms awaiting SEC clearance.Yes, analysts predict SOL could hit $300–$331 if it breaks current resistance levels.