Solana Price Targets $200 as ETF Approval Gains 80% Likelihood

Highlights:

• Solana price shows strong bullish momentum with upward price targets.
• ETF approval likelihood for Solana rises to 81% in 2025.
• Support levels at $140 and $135 are crucial for Solana’s stability.

Solana’s (SOL) price is currently holding above the $150 support level, following a recent market rally. Over the past month, the token has gained 20%, reflecting a steady upward trend. Despite recent gains, SOL continues to show bullish potential, with expectations of further price movement after breaking out. The 24-hour trading volume has surged to $3.39 billion, marking a 34.61% increase. Meanwhile, Bitcoin (BTC) remains above $95k, boosting overall market sentiment.

Analyst Predicts Solana Price Surge to $280

The crypto analyst Rose Premium Signals has just released a price projection that sets Solana ($SOL) for a $280 target. Three support thresholds for Solana exist at $141 then $135 followed by the final one at $120. The disclosed support levels exist as ideal entry zones for building a long-term position.

The analysts at Solana have established their price targets starting from $160 up to $280. A clear risk management strategy exists for traders because the stop-loss (ST) is suggested at $70. The chart shows an upward trend, which will result in substantial gains if these targets are successfully reached.

$SOL Next Target 280 $#SOL ZON LONG :

1) 141$
2) 135$

Target :

1) 160$
2) 220$
3) 280$

ST :70$ pic.twitter.com/plJAk0bjN3

— Rose Premium Signals (@VipRoseTr) April 30, 2025

80% Chance of Solana ETF Approval in 2025

The market believes Solana’s exchange-traded fund (ETF) may obtain approval during 2025 as market expectations for authorization continue to increase. The approval statistics now show an 80% probability as a result of 7% growth from earlier predictions. Investor attention toward the Solana ETF is high because its trading volume reached $143,001. 

Market participants strongly believe that the Solana ETF will receive approval on May 1, 2025. Market confidence that experienced change during the first few months has reached a peak level of optimism this month.

How High Can SOL Price Go In May?

The SOL price has experienced notable upward movement over the past few days, with its value currently at $151. The price shows a steady rise within an ascending channel, indicating that the bullish trend will likely continue.

The position of the RSI (Relative Strength Index) stands at 58, indicating that the asset trades above neutral but stops before reaching overbought status. The asset can continue moving upward because its current value of 56 does not indicate any danger of a price reversal due to overbought conditions. 

In addition to the technical analysis presented above, the MACD indicator shows a bullish trend by featuring the blue line positioned above the orange line. The first major support level is $140.00, with a secondary level around $130.00. These levels are crucial for maintaining the price above $150. If the price dips below these levels, further declines may be anticipated.

On the resistance side, the price is eyeing the $160 mark. If SOL manages to break through this level, the next key resistance target is $180.00, which aligns with previous market highs. Furthermore, an extended bullish rally could push SOL towards $200.00, driven by continued investor interest and positive market sentiment. A breakout beyond these levels would likely indicate sustained upward momentum surging by 30%, confirming the bullish outlook.