Solana Price Analysis and Forecast: Deviation or Market Breakout?
Solana network has been experiencing a surge in demand from institutional investors as the approval of a U.S. spot SOL ETF looms on the horizon. The price of SOL has managed to reclaim the 50-day Simple Moving Average (SMA) as a support level, with its sights set on reaching $180 next.
After a bullish run over the past three weeks, Solana (SOL) price has shown signs of renewed bullish sentiment. This large-cap altcoin, with a fully diluted valuation of approximately $90 billion and a 24-hour average trading volume of around $3.7 billion, saw a gain of over 20% in April 2025, trading at around $150.33 during the late North American session on Thursday.
The recent uptick in bullish momentum for Solana can be attributed to institutional investors showing interest, along with Futures Open Interest (OI) rising by over $1.6 billion in the last four weeks.
Midterm Expectations for Solana Price
In the weekly timeframe, Solana price has been consolidating within a megaphone structure for the past twelve months. After a successful bounce from the lower border of the macro megaphone, SOL price has been steadily gaining bullish momentum.
The weekly MACD histograms have been indicating a growing bullish momentum following a prolonged bearish period. Additionally, the weekly MACD line is on the verge of crossing the signal line, signaling a bullish sentiment. The Bollinger Bands for Solana price in the four-hour timeframe have been contracting, suggesting a significant price movement is imminent.
Fundamental Outlook
The Solana network continues to be a leading ecosystem for DeFi developers, boasting a Total Value Locked (TVL) of approximately $8 billion and a stablecoins market cap of around $13 billion. The network has witnessed substantial growth in memecoins over the past year, resulting in a 24-hour active addresses of over 3.6 million across its DeFi protocols.
The anticipated approval of spot Solana ETFs before the end of 2025 will have a significant impact on SOL’s market outlook. Furthermore, the increasing adoption of Solana by institutional investors will help validate the network and enhance its demand and liquidity in the long run.
