Solana Price Prediction – Staking ETF Approval Could Push Price Toward $200

Highlights:

• Solana is consolidating between $175.98 resistance and $105.43 support
• Solana ETF news is likely to drive the price through $175.98 resistance soon
• Rallying through this resistance could put $200 SOL in focus 

Solana (SOL) is relatively unchanged today, reflecting the price action across the market. When going to press, Solana was trading at $149.04, down by 0.78% on the day. However, Solana intraday volumes have shot up by 79.64% in the day to stand at $5.09 billion. This, at a time when the price is relatively quiet, means that investor interest is on the rise, and a breakout in either direction could be underway. Of these two scenarios, the bullish case is stronger. This is premised on the prevailing news around Solana at the moment. 

Solana Price Could Soar as First U.S. Staking ETF Gains Approval

The latest news in the market about Solana in the market at the moment is that an ETF has been approved in the US. The Rex-Osprey Solana ETF is coming online today. The ETF managed to go around the regulatory challenge of the SEC 19b-4 by being structured under the Investment Company Act of 1940. This ETF could easily push Solana to new highs because it offers yield, something that is missing in the Ethereum ETF.

REX-Osprey STAKING Solana ETF goes live for trading this Wednesday

– @REXShares CEO. pic.twitter.com/4THtgm7knL

— Wendy O (@CryptoWendyO) June 30, 2025

Institutional and retail capital looking to earn passive income from cryptocurrency ETFs are likely to gravitate towards this Solana ETF. The result is that rising demand could push Solana to new highs in the foreseeable future. Besides the opportunity to earn yield, the approved Solana has significantly boosted the appeal of Solana amongst market speculators. As such, long positions in Solana are likely to surge, further adding to the bullish pressure in Solana.

Open Interest In Solana Rising – Signal to Rising Bullish Momentum

Already, market signals are pointing to a surge in bullish interest in Solana. One of the strongest indicators that Solana is headed for a breakout is open interest. Solana Futures Open Interest now stands at $7.5 billion, just about 12% lower than at the beginning of the year when there was FOMO across the cryptocurrency market. This is an indicator that institutional interest in Solana is growing, and this can only mean growth going into the future.

Another positive indicator for Solana at the moment is the rising Total Value Locked and Solana Dapps activity. Data indicates that Solana TVL is now at over $9 billion. Solana’s daily active addresses have also grown by 38.4%. This is a sign that the Solana ecosystem is growing, and long-term, this can only mean value growth.

8. Solana futures hit all-time highs – 1.75 million contracts traded.

Institutional interest in L1s is exploding again.

XION helps accelerate institutional and mainstream adoption

Compliance built-in, consumer-first UI / UX, real-world use.

And big brand usage.

— XION (@burnt_xion) June 30, 2025

Solana Gaining More Wallet Integrations

Another signal to Solana’s strong potential is its growing ecosystem. For instance, Solana has now been integrated into the 1Inch wallet. Through this integration, Solana token investors can now swap their tokens in a seamless environment and participate in Solana DeFi, among other services. This ease of access is likely to drive more money into the Solana ecosystem long-term, further adding to the rising bullish sentiment around it.

BREAKING: @1inchWallet Introduces Support for $SOL (Solana)

What’s New in the 1inch Wallet for Solana?:

🔘Swap, hold, send, receive Solana tokens in-app:
The Wallet now supports Solana-based assets natively, allowing you to seamlessly manage tokens without leaving the app… pic.twitter.com/WNmFEBayl2

— WISSEY (@Bisswissey1) June 30, 2025

Technical Analysis – Solana Price In A Multi-Week Consolidation

Solana is currently in a multi-week consolidation between the $175.98 resistance and $105.43 support. If all the ongoing positive news around Solana triggers a bullish rally, the key level to watch would be the $175.98 resistance. A breach of this resistance could pave the way for a rally to $200.

However, if there is a selloff across the market,  and bears take control, Solana bears would target the $105.43 support, with a possible drop below $100. Such a correction would see Solana drop to prices below $100 in the short term. Of all the scenarios that can play out, the odds are higher that a bullish breakout is coming.