Solana is growing quickly in the blockchain world, thanks to its fast and low-cost transactions. More developers are building on Solana, and it’s being used more in areas like NFTs and decentralized finance (DeFi). The network has seen some upgrades recently, making it even stronger and more reliable. As a result, more people are starting to use Solana and build new apps on it.
Solana (SOL) is trading at $156.99, up 8.25% in recent hours, with daily volume surging nearly 100% to $4.57 billion. Over the past week, the price has risen modestly by 1.22%, stabilizing near $157. These moves highlight heightened trader activity but mixed momentum signals.
Bullish long-term outlook for Solana
Crypto analyst DyorNetCrypto sees bearish undertones despite the gains. With SOL recently dropping to $152.41 and closing at $144.64, key indicators such as the RSI at 38.25 and a bearish score of 47/100 hint at oversold conditions. The price remains below crucial moving averages, suggesting resistance around $172.47 and a potential downward drift towards support near $139.22.
DigitalCoinPrice expects Solana to grow strongly in the long run. They believe the price could go above $289 in early 2025 and reach around $345 by the end of the year. This would mean Solana breaks its previous record of about $294. The forecast is based on steady trading activity and growing interest from users and investors.
On the other hand, Changelly gives a more cautious prediction. They expect Solana to stay around $153 in 2025, with only a small return of about 3.6%. Prices might reach around $148 by mid-year, but they don’t see big growth happening soon. This view reflects ongoing uncertainty in the market, even with some good news.
Fidelity Investments Files S-1 for Spot Solana ETF1
Fidelity Investments filed an S-1 form with the SEC on June 14, 2025, to launch a spot Solana ETF. This could give big investors new chances to invest and make it easier for more people to access Solana. The ETF also includes staking options, which let investors earn rewards directly on the blockchain.
This ETF is the first of its magnitude in US targeting Solana, and this depicts a notable progression in the avenues of crypto investing. Fidelity, on their part, is working with partners like VanEck and Grayscale to bring this to reality. Approval of the ETF can entirely change the way people invest in Solana; that is why many are keen observers of what is happening now because experience has taught them that usually after ETFs’ approval, price tends to grow, as well as trading activity around corresponding coins increasing, like SOL.
