Solana eyes rally as first U.S. SOL ETF launches July 2
Solana eyes rally as ETF launches July 2
Solana (SOL) could be poised for a major breakout this week as investor sentiment intensifies ahead of the first U.S. staking ETF launch for the token, scheduled for July 2, 2025.
The price of SOL briefly hit $159 following the ETF announcement but has since retraced slightly to $151 as of July 1, still up 0.8% on the day.
Key takeaways
- ETF debut date: First U.S. Solana ETF for launches on July 2
- Price outlook: Analysts forecast a potential 47% rally to $235
- Trading volume spikes: Up 70%+, now at $4.79B, showing increased investor interest
- Retail momentum: Wallets holding < 0.1 SOL hit an all-time high
ETF launch fuels bullish momentum
The introduction of a SOL-based ETF in the U.S. represents a major milestone for Solana, aligning it with institutional products already available for Bitcoin and Ethereum. Market participants anticipate the ETF will channel fresh capital inflows into the SOL ecosystem, driving both liquidity and visibility.
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Bloomberg analyst Eric Balchunas notes that the launch of the SOL ETF could lead to a summer of Alt Coin ETFs and higher altcoin prices.
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In addition, James Seyffarth believes the odds of spot SOL ETF approval have improved from 90% to 95% along with Litecoin and XRP.
According to analysts, a symmetrical triangle breakout on Solana’s price chart suggests a potential rally of up to 47%, targeting a price of $235. In parallel, trading volume has jumped over 70%, reaching $4.79 billion, signaling heightened market engagement ahead of the ETF's debut.
Solana price dynamics (June - July 2025). Source: TradingView
Technical indicators point to breakout potential. A symmetrical triangle—a common technical setup—has emerged on Solana’s daily chart, often signaling a strong directional move. If confirmed, the breakout could lift SOL prices as high as $235, representing a 47% upside from current levels.
Retail interest hits record levels
In a sign of broader adoption, wallets holding less than 0.1 SOL have reached an all-time high, suggesting a growing base of small investors. Combined with increased trading volumes, this underscores rising retail and institutional attention.
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With the ETF launch on July 2 and technical indicators aligning, Solana appears positioned for a potentially explosive price movement. Investors will be watching closely to see whether the token can break past key resistance and set a new yearly high.
Earlier we wrote that SEC postpones decision on Solana ETF applications again.
