Key notes
- Analysts like Old Hawk predict a solid rally for floor, with targets of $ 263 and beyond.
- In addition, Fidelity, Investco and Galaxy Digital have deposited ETF Solana Spot, signaling an increasing institutional interest in the Solana ecosystem.
- Memmettegy listed in Hong Kong has become the first listed company in the Region to invest in Solana, acquiring 2,440 soil chips worth 2.9 million HKD.
While the wider cryptography market consolidates, Solana
GROUND
$ 156.3
24h volatility:
5.2%
COURTIC CAPESSION:
$ 82.54 B
Flight. 24 hours:
$ 5.23 B
The price has shown a high advantage of 7.83% in the last 24 hours, daily trading volumes amounting from 100% to more than $ 4.53 billion. This massive increase in the volume of negotiation comes in the middle of optimism surrounding the Solana ETF, as well as the exchange of Crypto Bybit launching a decentralized exchange based in Solana Byreal.
Sol Price bounces with analysts who envisage a Mega rally
For a long time, the soil price has oscillated between key support and resistance levels from $ 140 to $ 185. Today’s increase is delivered with a 100% increase in trading volumes, which suggests that bulls are preparing for a greater decision this time.
According to Coinglass data, open Future soil interest also increased by 10.27% to almost $ 7 billion. In addition, daily soil liquidations have also exceeded $ 14 million, including $ 11 million in short liquidations.
The eminent crypto analyst Old Hawk has described a bullish trajectory for Solana (soil). According to the analyst, Sol Price must first exceed the $ 187 mark to prepare the ground for more upward dynamism. Crossing that will open the doors so that the Bulls won more at its $ 263 summit.
“If $ 263 are raped, we could easily seize the discovery of prices,” said Old Hawk, suggesting an unexplored price of price for cryptocurrency.
$ Soil Must exceed $ 187 – if this happens, there is no major resistance before $ 263 📈
After that, we could easily seize the discovery of prices 🚀
If an ETF Solana is approved, we could even see $ 400 at $ 500 at the end of the year 💰 pic.twitter.com/zwzodhrciq
– Oldhawk (@oldhawksol) June 15, 2025
The analyst also highlighted the potential impact of Solana ETF approval, which could further catalyze the rally. “With an ETF in play, we could even see $ 400 at $ 500 at the end of the year,” added Old Hawk.
Solana ETF to come this summer?
Last week, Bloomberg Senior ETF strategist, Eric Balchunas, said that the approval of an ETF of Solana increased to 90%. He also said that an Altcoin Summer ETF is fast approaching, which increases the chances of approval.
Fidelity Investments officially submitted an S-1 recording to the Securities and Exchange Commission (SEC) of the United States for an ETF of Solana Spot on June 14, 2025. This deposit underlines the leadership of Fidelity in the progress of the ETF offers of spot linked to Solana. On the other hand, Investco and Galaxy Digital have also deposited FNB Solana Solana.
Memmettegy, based in Hong Kong, has marked history as a first listed company in the region to invest in the Solana ecosystem. The company acquired 2,440 ground tokens, valued at around 2.9 million HKD, pointing out an increasing institutional interest in Solana’s Blockchain technology.
following
Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Bhushan is a fintech enthusiast and has a good flair in understanding the financial markets. Its interest in the economy and finance draws its attention to the new technology of emerging blockchain and the markets of cryptocurrencies. He is permanently in a learning process and motivates himself to share his acquired knowledge. In free time, he reads fiction novels to thriller and sometimes explores his culinary skills.
