Solana Price Prediction: As Bloomberg Analyst Says SOL ETFs A “Matter Of When, Not If,” Traders Flock To Buy This SOL Layer 2 With Only Hours Left

The Solana price has plunged 5% in the last 24 hours to trade at $133 as of 10 p.m. EST on a 7% slump in daily trading volume to $3.83 billion.

This SOL price slump comes even as Bloomberg analysts James Seyffart and Eric Balchunas say the approval of Solana ETFs is a “matter of when, not if.”

NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y

— James Seyffart (@JSeyff) June 20, 2025

The analysts now say the odds of approval by the Securities and Exchange Commission (SEC) in 2025 is 95%, up from 90% earlier.

Solana Price Holds At Key Support – Is A Big Move Coming?

The SOLUSDT trading pair shows signs of a possible bounce after weeks of moving sideways. The price is now at $133.75, just above a strong support zone around $130. The chart below highlights a period of heavy consolidation after a big rally in April and early May.

The chart also shows areas where sellers placed large orders (called “Sellside Liquidity”) and a strong support zone that has held up in recent weeks. If this support continues to hold, it could lead to a breakout higher.

The RSI (Relative Strength Index) is currently at 33.56, close to the oversold area. This usually means selling pressure may be fading, and a reversal could be near. If the RSI starts rising, that could confirm a shift in momentum back to the bulls.

SOLUSDT Analysis Source: Tradingview

Earlier this year, SOL was stuck in a bearish channel, with the price falling steadily until mid-March. Then it broke out and surged upwards in a parabolic move, reaching close to $180. Since then, the price has been moving within a box-shaped range between about $130 and $180.

This range suggests the market is undecided, with buyers and sellers waiting for a clear signal. There’s also a major resistance level (called “buy liquidity”) marked near $220. If SOL breaks out of the current range, it could quickly move up toward that level.

In short, Solana is at a critical level. If the price bounces and breaks above the $150–$160 zone, it may run toward $220. But if it falls below $130, the bullish outlook would be in danger.

Solaxy Presale Zooms Toward $57M – Only 30 Hours Left

While Solana traders wait for a clear breakout or breakdown, investors are FOMO buying Solaxy (SOLX), a red-hot presale that’s already raised over $56.6million. It now has just 30 hours left before it lists.

SOLX is set to debut on exchanges on June 23, with its mainnet launch scheduled for July. It is one one of the most anticipated launches of the year.

While Solana is praised for its speed and low fees, it often struggles under heavy traffic, sometimes slowing down or even crashing. Solaxy is here to solve this by using a Layer-2 network that processes transactions off Solana’s main chain. It bundles them, and sends them back for settlement, making the system faster, more scalable, and more stable.

Another MASSIVE burn. 🔥

We’ve just burned 20,000,000,000 $SOLX, further tightening supply ahead of mainnet.

This follows our previous 35B $SOLX burn, bringing the total burn to 55 BILLION $SOLX – That's ~40% already burned!

View here: https://t.co/0izmHfkIJv

Less supply.… pic.twitter.com/Q7rIj0BCbc

— SOLAXY (@SOLAXYTOKEN) June 19, 2025

The Solaxy team is quickly rolling out its infrastructure. The testnet is already live, along with a blockchain explorer. A bridge to Ethereum is also live, allowing users to access deep liquidity from the Ethereum ecosystem while still benefiting from Solana’s low fees, a major advantage for DeFi, NFT, and gaming applications.

Another standout feature is Solaxy’s Igniter Protocol, a no-code launchpad that allows anyone holding SOLX to create their own tokens and trade them on Solaxy’s upcoming decentralized exchange. It functions similarly to Pump.fun, making token creation easy and accessible.

Last Chance To Grab SOLX Tokens Now – Next 100x Crypto?

Fueling the hype even more, Solaxy recently burned 55 billion tokens, or 40% of the total supply, to boost scarcity just ahead of its exchange debut.

Investors are taking notice. In the last 48 hours alone, the project has garnered over $1 million in funding, with a serious of big whale purchases, like this one for $45,432.10, adding to momentum.

Investors can also stake their SOLX tokens for an attractive 76% annual yield, adding even more incentive to get involved early.

A top crypto analyst from the popular 99Bitcoins YouTube channel, with over 723k subscribers, says that SOLX is a potential 100X token after launch.

Right now, SOLX tokens are still available at just $0.001766 each. With the presale nearly sold out, this is your last chance to get in early.

Learn more about Solaxy.

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