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Solana’s Bullish Breakout: SOL Targets $172 Amid ETF Speculation and Technical Strength

Solana’s Bullish Breakout: SOL Targets $172 Amid ETF Speculation and Technical Strength

Author:
SOL News
Published:
2025-06-30 04:50:24
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[TRADE_PLUGIN]SOLUSDT,SOLUSDT[/TRADE_PLUGIN]

Solana (SOL) is showing strong bullish signals as it breaks out from a multi-week downtrend, with analysts eyeing a potential rise to $172. This momentum aligns with broader altseason indicators and is further fueled by growing speculation around a Solana ETF. The SEC's reported 'no further comments' stance on REXShares' Solana ETF filing suggests a near-term approval, drawing parallels to the regulatory path previously seen with Bitcoin and ethereum ETFs. Technical analysis by Bluntz Capital confirms SOL's breakout on the 8-hour chart, reinforcing the optimistic outlook for the cryptocurrency. As of June 2025, Solana's trajectory appears poised for significant gains, driven by both technical and fundamental factors.

Solana Price Prediction: SOL Eyes $172 as Breakout Aligns With Altseason Signals

Solana's breakout from a multi-week downtrend has positioned bulls for potential gains, with momentum building as ETF speculation intensifies. The SEC's reported 'no further comments' stance on REXShares' Solana ETF filing signals near-term approval, mirroring the regulatory path seen with Bitcoin and Ethereum ETFs.

Technical analysis by Bluntz Capital confirms SOL's breakout on the 8-hour chart, coinciding with growing institutional interest. A successful ETF launch could channel significant capital into Solana, replicating the inflows witnessed in other crypto ETF products.

Solana Grapples with $491M Outflows as Retail Interest Tests $155 Resistance

Solana (SOL) faces a pivotal moment as long-term holders unwind positions while retail traders attempt to fuel upward momentum. The network recorded $491 million in net outflows on June 28, reversing a brief accumulation phase that saw $170 million inflows just six days prior.

Price action remains constrained between $140-$150, with repeated rejections NEAR the $155 resistance level creating a tension point. Glassnode data reveals a stark dichotomy: veteran investors are taking profits while new wallet growth suggests burgeoning retail participation.

The market now watches whether grassroots buying pressure can overcome institutional skepticism. Solana's ability to hold above $140 could determine whether this becomes a healthy consolidation or the precursor to deeper correction.

Solana (SOL) Eyes $327 as Analyst Predicts Major Breakout

Solana is gaining traction as traders anticipate a significant rally. The token, after oscillating between $105 and $138 for over 500 days, has surged past $150, closing its weekly candle at $151.92—a 15% gain.

Analyst ROSE Premium highlights potential price targets at $248, $289, and $327, contingent on sustained bullish momentum. SOL's prolonged consolidation phase of 546 days suggests accumulated investor patience, with a breakout now appearing imminent.

Staking opportunities on Solana's high-speed network could further catalyze growth, drawing renewed interest from developers and investors alike.

Analysts Favor Bitcoin Solaris Over Solana for Higher Presale Returns

Solana's price trajectory remains steady, with analysts projecting a modest rise to $143 by June—a 0.13% increase. While its robust infrastructure supports NFT and DeFi ecosystems, the lack of explosive growth has shifted investor attention to Bitcoin Solaris.

Bitcoin Solaris emerges as the dark horse, leveraging scalable architecture and speculative upside. Its presale phase is drawing comparisons to early-stage crypto opportunities, with whispers of outsized returns eclipsing Solana's predictable performance.

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