- U.S. SEC guidance may reduce ETF approval times to 75 days, aiding launch of new Solana‑based staking funds.
- Upexi’s treasury grew to 1.8 million SOL, valued at $330 million, while institutions increase allocations, price targets rise.
Solana’s price hovered around $187 on July 26, trading between $176 and $190. Over the past week, SOL climbed nearly 8 percent from mid‑April lows near $100 to approach $200. Volume rose as buyers stepped in, and the token outperformed other altcoins, driven by renewed market interest.
Technically, SOL formed an ascending triangle that broke above the $185–190 range. This pattern projects a potential rise toward $260–350 based on its height. Moreover, a cup‑and‑handle shape took shape on daily charts. A successful handle breakout could send SOL above $200. Support now sits between $165 and $174, with a drop below that zone risking deeper pullbacks.
Elliott Wave analysis offers two views: one count suggests a correction back toward $67, while a bullish count points to a new high near $320 in October if momentum holds. Meanwhile, RSI settled in neutral territory around 60–67, and MACD lines remain flat, indicating consolidation rather than a sharp downturn. Machine‑learning models forecast an average price of $225 this week, and some estimates stretch to $700 before September, though such targets carry high risk.
In regulatory news, the U.S. SEC issued guidance to shorten ETF approval from 240 to 75 days. The move could accelerate launches of Solana‑based funds. Indeed, the REX‑Osprey Solana + Staking ETF debuted this month, raising $15 million and offering around 7.3 percent APY with a 1.4 percent fee.
Additionally, Upexi Inc. boosted its treasury to 1.8 million SOL, worth $330 million. An analyst at CoinDesk argued that such large holdings could drive SOL toward $400–500 this cycle. Institutional traders also rotated capital from Bitcoin and Ethereum into higher‑beta assets like SOL and Dogecoin, a move some call a “smart money” shift.
Finally, Bitcoin’s recent dip below $115,000 dragged SOL down by 5 percent alongside other altcoins. According to Bitget, SOL could close 2025 near $300 if institutional flows and market momentum persist. However, traders must watch key support levels and overall crypto sentiment for clues.
In sum, Solana shows technical strength and growing institutional interest. Should it hold above $185, the path to $260 may clear. Otherwise, a break below $165 could open a deeper correction.
Solana (SOL) is trading at $186.79, experiencing a slight −0.31% dip in the past 24 hours. Despite this minor correction, Solana recently broke out of an ascending triangle pattern, a bullish technical signal, and is now in the process of retesting the breakout zone.
Key price targets on the horizon are $205, $225, and potentially $268, assuming momentum holds and the retest confirms support.
