Solana returned to the center of attention when speculation around the potential approval of ETF Solana gains a shoot. Although still not confirmed, the growing signals of outside people suggest that regulatory green lights may not be far away. If it is approved, ETF Solana would mean the main milestone for the ecosystem, opening the door to customary capital flows and wider institutional exposure, like Bitcoin and Ethereum after their own ETF breakthroughs. For long -term investors, this development can be the basis of the novel phase of sustainable growth.

Supporting this stubborn forecasts is novel data from Glassnode, which shows that the number of wallets containing over 0.1 SOL has reached a novel level of all time. This milestone means an raise in retail share and growing trust in the long -term solar potential. As the network is matured, the raise in the number of petite owners also signals the expanding bottom -up party – encouraging the sign during the market uncertainty.

While low -term price actions can still be driven by wider macro trends, the sentiments around Solana clearly improves. If the approval by ETF becomes a reality, a combination of increased availability and growing adoption in the chain can significantly raise the market position of sooty in the coming months.

Solana growing in a chain

Solana currently trads below USD 150 after experiencing a keen withdrawal from May. The assets have lost over 20% of the value since the achievement of this cycle achieved earlier, mainly driven by the broader market consolidation and a decrease in risk of risk in Altcoins. Despite the recent withdrawal, Sol still maintains a powerful support zone near the $ 135–140, which turned out to be resistant during the previous sale.

Analysts remain carefully bullish, noticing that continuous pushing above key supply zones – especially in the range of USD 155–165 – could revive a stubborn rush. However, the market remains in the indecision phase. The price in the main assets, including Solana, reflects uncertainty when traders are waiting for a clear break or failure to confirm another move. Without a powerful catalyst, SOL can still consolidate next to the wider Altcoin market.

As part of the price, one encouraging signal is the growing chain party. The best analyst of Ali Martinez Shared data from Glassnode Showing that the number of wallets by over 0.1 SOL reached a novel highest all time, now exceeding 11.44 million. This indefinite raise in non -zero portfolios indicates the extension of the retail and long -term confidence in the holder, even in the case of maintaining low -term variability.

Solana number of addresses with a balance> = 0.1 | Source: Ali Martinez on x

The discrepancy between the price and user adoption suggests that the fundamental raise in Solana remains intact. If the return of the momentum and macro conditions improve, the salted can be well prepared for a breakthrough, especially with ETF rumors fueling speculative interest. For now, the level of USD 150 remains psychological turnover because the market is observing signs of direction.

Details of the SOL price: Key levels to watch

Solana (SOL) currently has 149.30 USD, just below the key convergence of 50-day, 100-day and 200-day medium resistance, which focused between USD 150 and 151. This area acted as a powerful technical barrier, and the repetitive lack of recovery of SOL reflects market fluctuations in broader uncertainty. After collecting up to USD 159.99 earlier in the session, Bears entered and pushed the price back, closing the bear candle, signaling continuous sales pressure.

The chart reveals an extended consolidation pattern, which has developed since the rejection of nearly 180 USD in mid -May. Despite several attempts to reflect, Sol was not able to regain the stubborn rush. The volume profile also suggests disappearance of interest during raising, a common feature during the stages of accumulation or exhaustion. In particular, the price remains above the low March, maintaining a key low structure, which is crucial for wider stubborn perspectives.

If the Sol is heard above the $ 151–155 with a tough volume, it can cause a transition to USD 180. However, the lack of cleaning this resistance can lead to another support test of around USD 135. Traders should be careful about the decisive closing above the movable cluster to confirm the continuation of trends, especially in the case of speculation of ETFs fueling long -term optimism.

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