Solana (SOL) is catching traders’ attention as speculation grows around the potential approval of a Solana ETF by the end of 2025. With the token currently trading at $132, eyes are now on whether this momentum can push SOL past the key $150 resistance.
According to Polymarket, there’s now an 82% chance that a Solana ETF will be approved this year. This surge in optimism followed the confirmation of Paul Atkins as SEC Chair under the Trump administration, which has prioritized crypto-friendly regulation.
An ETF approval would be a watershed moment for Solana. It would inject fresh institutional capital into the ecosystem, improve on-chain liquidity, and open the floodgates for retail and professional exposure through traditional finance platforms.
Despite a rough start to the year—SOL has declined over 30% year-to-date—recent technical and sentiment-based signals are pointing toward a bullish turnaround. After months of stagnation, SOL has now broken above a downward trend line, invalidating the near-term bearish thesis.
Meme coins may be playing a surprising role in Solana’s rebound. Tokens like Fartcoin (FART), Bonk (BONK), and Popcat (POPCAT) have spiked in trading volume, pushing network usage and fees higher. This has in turn supported the SOL price through ecosystem engagement.
From a technical standpoint, the Relative Strength Index (RSI) has crossed above its signal line—suggesting bullish momentum. Meanwhile, the MACD histogram has been rising for five consecutive sessions and is now at its highest level since March.
If these indicators hold, SOL could soon test the $150 mark—offering a short-term upside of roughly 13.6%.
Meanwhile, infrastructure plays like Solaxy ($SOLX) are benefitting from increased network congestion. Solaxy is a Layer 2 protocol designed to offload transaction data and reduce Solana mainnet bottlenecks. Its presale has already raised over $30 million, and the token is currently available at $0.001694.
As meme coins continue to flood the network and ETF speculation drives demand, now might be the best time to explore both SOL and Solaxy.
