Solana (SOL) is picking up bullish momentum as market sentiment improves and optimism builds around a potential Solana ETF approval. According to data from Polymarket, the chances of a Solana ETF being greenlit by the U.S. SEC in 2025 have surged to 82%. This follows the appointment of Paul Atkins, a crypto-supportive figure, as SEC Chairman under the Trump administration.
Currently priced at $132, Solana has climbed 0.75% in the last 24 hours and appears to be in recovery mode after a challenging year. The token remains 30.2% down year-to-date, hurt by unfavorable macroeconomic conditions and Trump’s unpredictable trade policies that have kept investors cautious.
However, the recent ETF speculation has reinvigorated bullish interest. Analysts agree that a Solana ETF would mark a transformative moment—unlocking institutional capital, attracting traditional investors, and significantly boosting liquidity.
Technically, SOL is showing early signs of a trend reversal. The token has broken above its trendline resistance, which had capped price movement for several months. Meanwhile, momentum indicators have turned green. The RSI has crossed above its signal line, while the MACD histogram has risen for five consecutive days, reaching its highest level since March.
Adding fuel to the rally is a wave of meme coin trading on the Solana network. Tokens like Fartcoin (FART), Bonk (BONK), and Popcat (POPCAT) have seen explosive demand, driving network activity and gas usage higher. This has indirectly supported SOL, as more transactions on the network raise the token’s utility and perceived value.
Analysts now forecast a short-term upside of 13.6%, with SOL potentially testing the $150 resistance if ETF optimism holds and meme token volume continues to surge.
Meanwhile, Solaxy ($SOLX), a Layer 2 solution for Solana, is quietly gaining traction. Designed to alleviate network congestion by bundling transactions off-chain, Solaxy’s presale has already raised over $30 million. The current price of $0.001694 offers significant upside potential to early investors, especially with Layer 2 demand set to grow.
Solaxy’s value proposition gained visibility earlier this year when Solana suffered transaction delays due to the hype around tokens like TRUMP and MELANIA. By addressing scalability concerns, Solaxy positions itself as a necessary infrastructure upgrade for the Solana ecosystem.
Investors looking to gain early access to $SOLX can visit the Solaxy website, connect their wallet, and purchase tokens using SOL, ETH, USDT, or a credit/debit card.
As ETF speculation, meme coin volume, and infrastructure expansion collide, Solana appears poised for a new leg up. Whether you’re holding SOL or exploring Solaxy’s potential, this moment could mark a pivotal turning point for one of crypto’s most active ecosystems.
