Solana Nears $210, ETF Approval Hopes Boost Crypto Market

Cryptocurrency investors are excited as Solana finally recovered, gaining momentum for a strong start to the year. SOL rose beyond $202, reviving one of the crypto market's most popular digital currencies.

SOL Recovers

Analysts are optimistic about Solana after the virtual currency begun the new year with a price increase.

SOL rose 10% on January 2, starting 2025 well. Market experts have noticed that Solana leads Ethereum year-to-date.

SOL was trading 209.22, up 3.5% in 24 hours and 10% weekly. Altcoin prices rose following a short consolidation, according to data.

The coin achieved a high of $209.35, above $210, and a low of $188, which some experts claimed showed investors' returning confidence and hope.


The SOL market cap is $100.7 billion. TradingView.com chart
Next for Solana?

Analysts said Solana's price climb to $208 per coin broke the $202 resistance barrier.

Many experts believe the crypto will rebound to $220 after $202, a crucial mark that SOL must break to regain its former glory at $245 per coin.

Analysts predict Solana may recoup most of its recent losses by reaching $245, “reinforcing its bullish outlook and boosting investor sentiment.”


Some observers attribute Solana's improved investor confidence to the prospect of an exchange-traded fund.

Crypto investors expect the US Securities and Exchange Commission (SEC) to approve the Solana exchange-traded fund this year, which might boost the coin's price.

The SEC may approve Solana exchange-traded fund as early as July 31, 2025, according to some dealers.

The Polymarket platform now predicts a 65% chance of ETF clearance, up from 50%.

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