- SOL sees short-term gains but remains technically bearish.
- 2025 price forecasts vary sharply, showing market uncertainty.
- Fidelitys Solana ETF filing could spark institutional adoption.
Solana (SOL) is currently trading at $156.99, marking a daily increase of 8.25% and supported by a dramatic 97.43% spike in 24-hour trading volume, totaling $4.57 billion. Despite the encouraging uptick, deeper technical analysis suggests that this movement may lack sustainability.
Source: CoinMarketCap Crypto analyst DyorNetCrypto reports that the current SOL trend remains bearish. The price recently dropped to $152.41, well below key resistance and moving average levels, with the last closing price recorded at $144.64. Critical indicators like the Relative Strength Index (RSI) at 38.25, Stoch RSI, and ADX at 19.26 all suggest a lack of bullish momentum and the presence of a weak, downward-trending market.
With major moving averages like the MA10 ($152.74) and MA200 ($174.31) acting as strong resistance points, analysts forecast a potential decline toward $140, placing a stop-loss recommendation at $155 to minimize risk exposure. The bearish sentiment is reinforced by the SuperTrend sell signal, suggesting the market remains under considerable selling pressure.
Source: X Predictions for Solanas price in 2025 are very different depending on who you ask. Some websites, like DigitalCoinPrice, are optimistic and believe Solana could rise to around $345.18 by the end of the year, even going above its past record of $294.33. These hopeful forecasts say SOL might trade between $311.40 and $345.18, helped by more people investing in the market.
On the other hand, Changelly offers a more cautious view. It expects Solana to stay much lower, with prices reaching only up to $153.50 and averaging around $153.74 in 2025. For June 2025, it predicts the price will be about $148.37. This shows little growth unless something major changes in the market.
These very different predictions highlight how uncertain Solanas future is, as it faces both positive hype and unclear technical trends.
Fidelity Investments made a big move by applying to launch a spot Solana ETF with the U.S. Securities and Exchange Commission (SEC). What makes this ETF different is that it includes staking, which most ETFs dont offer.
This marks the first significant ETF filed in the US specifically for Solana, which serves to point out that Fidelity is among the pioneers of integrating new blockchain technology with traditional finance. Despite staking still being an area where there could be some regulatory concerns, or quite possibly because of it, this news has sparked a new wave of interest in Solana from investors and institutions.
Fidelity, along with other major companies like Grayscale and VanEck, is endeavoring to include Layer 1 blockchains in their ETF products. If the application is approved, an ETF based on Solana would draw further funds and attention to Solanas network, possibly pushing its price up as well as its competitiveness against Ethereum and other top blockchains.
