Solana (SOL) is trading at $145.16, down 0.70% in the past 24 hours. Its seven-day chart shows a broader drop of 7.99%. Volume has also dipped, falling 4.07% to $3.51 billion, hinting at reduced trader confidence. This drop comes even as technical indicators flash a potential reversal.
Analysts point to a falling wedge pattern on the three-day chart, often seen as bullish. If SOL climbs past $157 and the 50 SMA, it could rally toward $180 or even $200. But if it slips below the 200 SMA, support could crack, pushing the price down to $130–$125. Solana now walks a tightrope between recovery and correction.
VanEck spot solana ETF (VSOL) nears launch with DTCC listing
The crypto world is watching the proposed VanEck spot Solana ETF, ticker VSOL. It’s now listed on DTCC’s “active and pre-launch” list, one of the final steps before launch. That means infrastructure like settlement and custody is already in place.
This listing mirrors the path Ethereum’s ETF took before it went live. If approved, VSOL could draw big investment, not just from crypto fans but from institutions as well. It also signals that Solana is moving into a new class of mainstream digital assets. A green light from the SEC could set off a strong market wave, and not just for Solana.
Solana forecast shows both bullish and cautious outlooks
DigitalCoinPrice thinks Solana might go up a lot next year. In early January 2025, SOL reached $289.36. Some believe it could climb to $320.26 by the end of the year. The first goal would be beating its old high of $294.33, which could lead to more growth.
On the other hand, Changelly has a more cautious view. They predict Solana could reach a high of $154.86 in 2025, with an average price of around $155.32. That’s only about a 7% gain, but it might still offer slow, steady growth if the market becomes less volatile.
