Despite a roughly 15% drop from the $156 opening price this month, Solana (SOL) could surge before the end of June. Asset trading volume is increasing in the dip, indicating that traders are still interested in depreciation altcoin. With Bitcoin control, coins like Sol face pressure, but Solana Network Token has shown strength in the past against the opposition. Therefore, there is a solid opportunity for Sol to gather and enter in July 2025.
The price of Solana could face bullish gatherings in the coming days as three key factors, including on-chain and macrofactors, suggest that Sol can meet. One of the most popular developments suggesting Sol will skyrocket is the increased odds of Sol ETFs. Solana (Sol) also has several spot ETF applications currently awaiting approval in the SEC. Even the new company joined the contest, with Invesco Galaxy following the S-1 application of the Sotsco Solana ETF. According to Bloomberg ETF analyst James Seyfert, there is a 90% chance that the SEC will approve the SPOT Sol ETF this year. Any of these factors may play a role in rebounding to ATH levels at the melodrame level of SOL rebound.
Furthermore, Defillama’s data shows that Sol is currently ranked second in the decentralized Exchange (DEX) volume. Over the past 30 days, DEX volumes have reached $64 billion, higher than Ethereum’s $61 billion. This growth indicates that Sol Price has a bullish catalyst that could support recovery. Recent data from CME Group shows that Solana Futures on the exchange has also reached 1.75 million contracts. This indicates an increasing interest and belief in SOL cryptocurrency at the institutional level. This can always lead to investor hype and price growth.
Additionally, the potential NASDAQ list could also be rekindling the momentum behind Solana (SoL). In fact, submissions by the Canadian company Sol Sol Strategies to the SEC suggest a move to list Nasdaq’s Sol. The list certainly attracts investors and will likely send Sol back. Currently, there is no update on the NASDAQ list, but there is ample speculation that approval is imminent due to the growth of the crypto industry this year. Current price data reveals a liquidation heat map showing dense liquidity clusters around $160. The cluster suggests the possibility of moving prices towards that price if Sol starts to start backups. This can occur if the Solana Cryptocurrency is actually located in a Nasdaq composite.
Analysts are mixed as to how much it will be. Some people suggest that Sol is tied to a new ATH before the end of the year, and will likely reach nearly Ethereum levels of $1,000. But first, we need to prove that the rebound is indeed here. Sol’s bullish foundations, including whale acquisitions and ETF hype, show a steady rise over the medium and long term. As bullish factors centre on Sol Price’s forecasts align, technical indicators and Fibonacci expansions provide a critical level of monitoring whether an explosive gathering occurred in June. The first level is $152 for Fibonacci at 61.8%, and Solana’s price needs to support it to make way for Bull Run. Such a run could send Sol to $160 at the beginning of July.
