Analysts Predict Solana Summer Rally as ETF Hopes Build
The post Analysts Predict Solana Summer Rally as ETF Hopes Build appeared on BitcoinEthereumNews.com.
Solana (SOL) may be cooling off on the charts, but analysts say that is why it is time to pay attention. SOL is one of the biggest gainers among the crypto top 10 today, only second to Dogecoin (DOGE), which is up nearly 7%. Signs Point to a Brewing Solana Summer Rally According to bubble maps from CryptoQuant, Solana’s spot and futures trading volumes have declined in recent weeks. Spot and Futures trading volumes for Solana. Source: CryptoQuant analyst At first glance, this could suggest waning interest. However, some experts argue this slowdown may represent the calm before the storm. Among them is CryptoQuant analyst Burak Kesmeci, who described the shift as a potentially bullish reset. “We’re currently observing a cooling trend in Solana’s on-chain metrics… this deceleration can be an early-stage opportunity — especially when it coincides with an upcoming catalyst,” wrote Kesmeci. The analyst suggests this could be the long-awaited approval of a spot Solana ETF (exchange-traded fund). Bloomberg ETF analyst James Seyffart recently hinted at growing regulatory interest in such a product. Conversations around the nuances of staking solana in ETFs is getting underway between SEC and hopeful Solana ETF issuers 👀 https://t.co/ULe881UjYN — James Seyffart (@JSeyff) June 10, 2025 Many believe this financial instrument would unleash a wave of institutional capital, potentially fueling a surge in the Solana price. Solana ETF Rumors and Technical Breakouts Add Fuel Adding to the momentum is the possibility of an imminent market breakout. Lunix, a crypto analyst, highlighted a dramatic “God Candle” on Solana’s price chart, catapulting the Solana price to $164.73. As of this writing, Solana was trading for $166.23, up by over 5% in the last 24 hours. Solana (SOL) Price Performance. Source: BeInCrypto While the name altcoin summer trend grows, it is fast becoming a serious narrative;…
Filed under: News - @ June 11, 2025 4:21 pm