- Currently consolidating between $158-$170 resistance; break above targets $180/$200, failure risks drop to $152-$155 support.
- Renewed ETF approval rumors (SEC reviewing filings) and strategic ecosystem investments are boosting Solana’s bullish sentiment.
Solana (SOL) is trading at $165.03 USD, with a slight −0.07% daily decline. Over the past week, SOL has gained +6.18%, but remains −4.80% for the month, −12.66% year-to-date, and −27.35% over the last six months.
Despite this medium-term weakness, SOL has delivered an impressive +307.19% return since inception, maintaining its position as a top 10 cryptocurrency.
Technically, Solana is consolidating between $158 and $170, with strong resistance near the $170 zone. If the price can break and hold above $170, the next upside targets would lie around $180 and $200.
Conversely, a rejection from current levels could push the price back toward $152–$155 support. Oscillators are neutral, and volume remains stable, indicating indecision in the short term.
Fundamentally, Solana is gaining renewed attention amid growing rumors of a spot ETF approval. Reports indicate that the SEC is reviewing filings from issuers like 21Shares and Grayscale, which has fueled recent bullish sentiment.
Additionally, strategic investments into the Solana Optimistic Network by firms like Jump Crypto and Amber Group are reinforcing its ecosystem credibility.
The U.S. Securities and Exchange Commission could greenlight spot Solana ETFs as early as next month. Bloomberg analysts report that issuers and the SEC are hashing out staking rules for these funds.
Firms such as Grayscale, VanEck, 21Shares, Canary and Bitwise have filed applications, with a final decision expected by October. Bloomberg assigns a ninety-percent approval probability for 2025.
Market data show SOL traders positioning for a summer rally
The twenty-five delta skew indicator rose from two to four across short-term tenors, signaling higher demand for call options over puts. On-chain metrics reinforce this view: SOL’s MVRV Z-Score sits at 0.47, well below past peaks above two that corresponded to prices of $200 and $295.
ETHNews analysts link the faster approval path to Rex-Osprey’s choice of a forty-Act filing over the standard 19b-4 process. Consequently, the SEC may expedite both spot Solana ETFs and staking-enabled Ethereum products.
Conversations around the nuances of staking solana in ETFs is getting underway between SEC and hopeful Solana ETF issuers 👀 https://t.co/ULe881UjYN
— James Seyffart (@JSeyff) June 10, 2025
Should approval arrive, Solana could lead an “Alt Coin ETF Summer,” as Eric Balchunas of Bloomberg predicts. Investors will watch regulatory updates and option flows for confirmation of this shift.
