- The Solana Network has recorded a spike required from institutional investors that are expected to approve US spot Sol ETF.
- The Sol Price has again gained 50-day SMA as a support level and now the eyes of $ 180 next.
After closing the past three weeks with a bullish point of view, Solana (Sol) price signed a bullish emotion. The large cap Altcoin, with a fully melted appreciation of nearly $ 90 billion and a 24 -hour average trading volume of around $ 3.7 billion, gained more than 20 percent on April 2025 to trade nearly $ 150.33 on Thursday, in the late North American sessions.
The rising bullish momentum for Solana has been exacerbated by institutional investors and rising futures that are open interest (OI) by more than $ 1.6 billion over the past four weeks.
Midterm expectations for Solana price
In the weekly timeframe, Solana prices have been combined with a megaphone structure over the past twelve months. Following a successful rebound from the lower border of the Macro Megaphone, the sol price gradually gained bullish momentum.
Moreover, the weekly MACD histograms have signed a growing bullish momentum after a prolonged bearish period. In addition, the weekly MACD line almost crosses the signal line, suggesting bullish feelings.
Meanwhile, Bollinger bands for Solana prices, in the four-hour hours, are squeezed, which signed a major price move in the near future.
Basic perspective
The Solana Network remains a major ecosystem for Defi developers, with a total amount locked (TVL) of over $ 8 billion and a Stablecoins market cap of nearly $ 13 billion. The Solana network recorded significant growth in the Memecoins over the past year, thereby achieving a 24 -hour active address of more than 3.6 million across its defi protocols.
The expected approvement of spot Solana ETFs before the end of 2025, will play an important role in the Sol market perspective. In addition, Solana's rising adoption from institutional investors can help prove the network and increase its demand and liquidity in the long haul.
