Solana Price Prediction: As Bloomberg Intelligence Puts Odds Of SOL ETF In 2025 At 90%, Traders Flock To This Layer-2 ICO With 100X Potential

The Solana price rose over 2% in the last 24 hours to trade at $149.47 as of 9:38 p.m. EST as investors slowly start to accumulate the altcoin.

The uptick in the SOL price comes as Bloomberg Intelligence analysts estimate there is a 90% chance US regulators approve a Solana ETF (exchange-traded fund) in 2025.

Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics

— Eric Balchunas (@EricBalchunas) April 30, 2025

Solana Price Rebounds From Support After Falling Out Of A Channel

Daily chart for SOL/USD (Source: GeckoTerminal)

The Solana price dropped out of an ascending channel in the last few days. This led to a rebound from the support at $141.99 in the past 24 hours, data from GeckoTerminal shows. As a result, SOL could try to challenge the major resistance at 153.42. Overcoming this obstacle will then clear the room for the altcoin to potentially rise to as high as $165.49.

However, a sudden selloff might invalidate the bullish thesis. In a more bearish scenario, the Solana price could end up retesting the aforementioned $141.99 support. Thereafter, continued pressure from sellers might result in a plunge to as low as $132.14 in the short term.

Bulls Might Continue To Push The Solana Price Higher In The Short Term

From a technical standpoint, indicators on the daily chart suggest the Solana price might continue to rise through the course of the next 24 hours. Traders will want to keep an eye on medium-term Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI).

In the last couple of days, a major bullish technical flag was triggered when the 20 EMA crossed above the 50 EMA. This specific technical development is often seen as a confirmation that a crypto has entered a positive trend. Since the two lines crossed, the gap between them has grown gradually, which suggests momentum is picking up steam as well.

Meanwhile, RSI readings have also started to gradually rise again in the last 24 hours. Traders might see this as a sign of strengthening buying power. The current reading above the neutral 50 mark already indicates that buyers have a slight upper hand over sellers. It also suggests there is more room for SOL to climb before it enters overbought territory.

With the bullish EMA cross, the rising RSI and the RSI reading above 50, the Solana price might continue to climb in the next 24 hours if traders react positively to these technical signals. This could lead to a challenge of the $153.42 barrier soon.

As the Solana price tries to keep climbing, investors are piling into the presale for Solaxy (SOLX). 99Bitcoins, a prominent YouTube channel with over 725K subscribers, predicts SOLX could soar 100X after its launch.

Solana To Get Its Own Layer-2 In Coming Weeks

Solana was launched to be a much cheaper and faster alternative to the Ethereum network. This made it a more attractive option for developers. So much so that a wave of hype developed around SOL-based meme coins. This has led to high levels of congestion, with some users now experiencing delayed, and sometimes even failed, transactions.

Solaxy aims to address the high levels of traffic on Solana using layer-2 technology. As the first SOL scaling solution, Solaxy will process and bundle transactions off of the mainnet. Thereafter, it will call on the Solana blockchain for final validation. 

Solaxy’s approach to transaction processing is similar to that used by other layer-2 solutions such as Arbitrum and Optimism within the Ethereum ecosystem. It has also been proven as a successful way to help a network scale.

In addition to scaling Solana, Solaxy will also bridge the SOL network with Ethereum. This will combine Solana’s high speeds and low fees with Ethereum’s robust security framework and thriving DeFi ecosystem. Developers will then have a platform to build the next best Web3 app without having to worry about scalability or security.

Solaxy’s team has already acted on their roadmap, and recently unveiled their testnet and its blockchain explorer. This has given the team a foundation to launch a mainnet that can achieve their ambitious goal of 10,000 transactions per second (TPS).

Solaxy Presale Goes Parabolic As Investors Bet Big On The Project’s Future

Solaxy has already raised over 32.4 million, and is on track to post one of the best ICO performances of the year. 

Interested investors can acquire SOLX via the widget embedded on the project’s website using either crypto or bank card. Once purchased, the SOLX tokens can also be staked for a 124% APY. 

Buyers looking to secure the best presale deal will want to act fast. SOLX’s price currently stands at $0.00171. However, a scheduled presale price increase will come into effect in less than 15 hours.

Check out SOLX.

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