Solana (SOL) is on the verge of a potential breakout after traders placed heavy bets on a Solana ETF approval in 2025. Data from Polymarket shows an 82% likelihood of SEC approval, with market participants reacting to crypto-friendly appointments in the regulatory landscape.
SOL is currently priced at $132—down over 30% year-to-date—but has gained strength over the past week, fueled by both ETF speculation and increased network activity from meme coins.
With projects like Fartcoin (FART) and Popcat (POPCAT) gaining traction, transaction activity on Solana has surged, helping bolster the network’s native token.
Technicals support this bullish narrative. A break above the trend line has flipped the daily chart, while RSI and MACD indicators point to positive price momentum. A test of the $150 level now looks increasingly likely, with room for a 13% move to the upside.
In parallel, the Solaxy ($SOLX) presale is approaching its close. The Solana Layer 2 solution aims to resolve congestion and scale performance—essential as meme token traffic strains the chain.
Currently priced at $0.001694, SOLX has already raised over $30 million. Early investors can buy through the Solaxy website using SOL, ETH, USDT, or even card payments.
