The post Solana Price Prediction: SOL Eyes $172 as Breakout Aligns With Altseason Signals appeared on BitcoinEthereumNews.com.

Solana breaks out of its downtrend as ETF approval inches closer, setting the stage for a potential major rally ahead of altseason. Solana’s recent breakout from its multi-week downtrend is putting bulls in a leading spot. The shift in structure comes just as ETF speculation picks up, giving participants a fresh reason to watch closely. With momentum turning, SOL Solana price could be gearing up for its next big move. Solana ETF Getting Closer to Approval A new email leak has spread excitement in the Solana camp. According to a message shared by Mike Zillonaire, the SEC has informed REXShares that it has “no further comments” on the Solana ETF filing. In regulatory terms, that’s as close as it gets to a green light without the final stamp, often the last step before approval. While nothing is official yet, the tone of the communication suggests clearance may be only a matter of time now. Solana ETF inches closer as SEC reportedly signals no further comments on the filing, hinting at a near-term approval. Source: Mike Zillonaire via X If approved, this would mark the first product of its kind for SOL, potentially opening the door for institutional inflows similar to those seen with Bitcoin and Ethereum ETFs. However, the market will be watching for any formal statement from the SEC. SOL Solana Price Breaks Downtrend With the ETF buzz building, SOL’s price action is starting to match the narrative. As shared by Bluntz Capital, Solana has officially broken out of a multi-week downtrend on the 8-hour chart. That descending resistance line, which has capped upside momentum since late May, has now been breached on decent volume. It’s a clean technical signal that buyers are stepping back in just as the macro news flow improves. Solana breaks multi-week downtrend on the…

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Filed under: News - @ June 29, 2025 5:17 pm