Solana’s Price Surge Indicates Potential Rally to $145

In the ever-volatile world of cryptocurrencies, Solana (SOL) has emerged as a token to watch. Recent market movements suggest that SOL could be poised for a significant upswing, with analysts predicting a potential rally to the $145 level. Here’s a closer look at what’s driving this Optimism and what investors should expect in the coming days.

Solana (SOL) Poised to Hit $145 Level

SOL, the native token of the Solana blockchain, seems to be shifting its bearish market sentiment after a notable price decline. On April 4, 2025, following Treasury Secretary Scott Bessent’s statement that Bitcoin is becoming a store of value, the overall crypto market showed an impressive upside rally. SOL has registered a price surge of over 8% in the past 24 hours and is currently trading near $123. During the same period, its trading volume dropped by 9%, but it appears to be recovering as the market maintains the upside rally.

Solana (SOL) Price Holds Above $100 Amid Whale Activity

Solana (SOL) price continues to trade above the key $100 mark despite rising market volatility caused by whale activity and upcoming token unlocks. SOL is valued at $123.09, up 6.49% in the last 24 hours. Market observers are closely tracking price levels and support zones as selling pressure rises from several large holders. Blockchain tracking platform Lookonchain reported significant transactions involving unstaked SOL being moved to exchanges. Notably, one whale address sold 258,646 SOL worth approximately $30.3 million, while another offloaded 80,000 SOL, equal to around $9.47 million.

3 Best Crypto Presales Investors are Betting on for Big Gains

Crypto presales offer investors the chance to buy tokens at low prices before they hit exchanges. Solaxy stands out as it solves Solana’s scalability issue by being the first layer-2 solution specifically built for Solana. Using off-chain processing and transaction bundling, Solaxy aims to keep Solana running smoothly. The $SOLX token will handle gas fees on the layer-2 network while giving holders staking rewards and voting rights.

Solana ETFs Set To Launch In June According To 21Shares

The crypto market could soon experience a new major phase with the imminent approval of Solana ETFs in June 2025. For several years, investors have been looking to diversify their crypto portfolios through regulated financial products. The introduction of ETFs based on assets like Bitcoin and Ethereum has already garnered increasing interest. Today, Solana might well follow this trend, with several experts, including 21Shares, estimating that the SEC could approve this financial product. This change is noteworthy as the current administration has reclassified cryptocurrencies as commodities, placing them under the oversight of the CFTC.