Solana Price Forecast: Bullish Momentum Builds as SOL Targets New Highs

Solana (SOL) is showing strong signs of a bullish breakout, currently stabilizing near $149 with solid support at its 50-day Exponential Moving Average. The network’s growing adoption is underscored by a surge in on-chain activity, particularly in the stablecoin sector, where market capitalization has reached $13 billion. Adding to the optimism, Bloomberg Intelligence has raised the probability of a Solana spot ETF approval to 90%, fueling investor confidence. This combination of technical strength, ecosystem growth, and regulatory tailwinds positions SOL for potential upward movement in the near term.

Solana Price Forecast: SOL Eyes Bullish Breakout Amid Stablecoin Growth and ETF Optimism

Solana’s price stabilizes near $149, finding robust support at its 50-day Exponential Moving Average. On-chain metrics reveal a surge in network activity, with the stablecoin market capitalization on Solana reaching $13 billion—a clear signal of accelerating adoption.

Regulatory winds appear favorable as Bloomberg Intelligence raises the probability of a Solana spot ETF approval to 90%. Market participants now view 2025 as a likely timeline for institutional access through regulated investment vehicles.

Raydium and Pump.fun Vie for Dominance in Solana’s Meme Coin Market

Raydium’s LaunchLab is making a strategic push to reclaim its foothold in the Solana meme coin ecosystem, challenging Pump.fun’s market share. The platform now accounts for nearly a quarter of daily new meme coin launches on Solana’s decentralized exchanges.

The competition hinges on three critical factors: incentive structures, user acquisition, and the elusive viral potential of meme coins. Whichever platform cultivates the next breakout token will likely emerge as the leader in this high-stakes DEX rivalry.

Solana ETF Approval Odds Surge to 90% as Altcoins Gain Momentum

Bloomberg Intelligence now assigns a 90% probability to US regulators approving a Solana ETF, a significant jump from February’s 70% estimate. This regulatory Optimism coincides with Solana futures open interest approaching record highs at $5.75 billion, signaling robust institutional demand.

The CME’s March listing of Solana-based futures contracts has laid crucial groundwork for ETF adoption. Six asset managers currently await SEC approval for $SOL ETFs, with market participants anticipating a potential price surge should these products launch.

Solana’s ecosystem altcoins are attracting increased attention as investors position for potential spillover effects from institutional adoption. The network’s technical advantages—high throughput and low transaction costs—continue to drive developer activity and DeFi TVL growth.

Pipe Foundation Launches PipeQuest Incentive Program for Solana-Based CDN Testnet

Pipe Foundation unveiled its PipeQuest incentive program during Token2049 Dubai, targeting node operators in the Pipe Network testnet. The initiative rewards participants for contributing computing power to Solana’s first decentralized content delivery network (CDN).

The multi-season program aims to bolster ecosystem growth, node performance, and community engagement ahead of Pipe Network’s mainnet launch this summer. Its architecture emphasizes scalability and self-sustaining infrastructure for decentralized content distribution.