The post ‘Calm Before Storm,’ Is a Big SOL Price Breakout In View? appeared on BitcoinEthereumNews.com.

After weeks of persistent downtrends, the broader crypto market is now in a cooling phase. Amid these market dynamics, Solana price is fighting to stay on top of the game. Crypto analysts even claim the calm in the Solana market may present a unique opportunity for a possible breakout. Solana Price Technical Setup In a QuickTake post, Burakkesmeci, an analyst at CryptoQuant, analyzed the price setup of Solana. The analyst highlighted key on-chain metrics that show the price of Solana is in a cooling phase. Burakkesmeci backed his assertions with bubble charts that reflect the total trading volume across all top exchanges. Each bubble shows the size of the volume. The charts also highlight colors ranging from blue to green, red, and gray that represent the intensity of the change. According to the charts, the spot volume bubble map showed green, typical of a cooling market. Image Source: CryptoQuant on X In addition, the futures volume bubble map is neutral, signaled by the color gray. The lower trading volume suggests slowing momentum in the Solana crypto market. In the crypto market, such an interplay is usually considered a red flag. However, Burakkesmeci said the cooling momentum may present an early-stage price growth opportunity. Sentiment for SOL ETF Approval Improves To the analyst, the decreasing volume in the spot and futures market is likely the calm before the next Solana Crypto Summer storm. He cited the possible approval of a spot Solana Exchange-Traded Fund (ETF) as one of the catalysts to ignite future rallies. Several firms, including Bitwise Asset Management, Canary Capital, Franklin Templeton, Grayscale, and Fidelity, have filed to list a spot SOL ETF. Their applications have remained pending with the US Securities and Exchange Commission (SEC) for months. However, undisclosed sources have revealed that the SEC has requested amendments…

---

Filed under: News - @ June 12, 2025 4:22 pm