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Solana's Token Value Locked Surges 25% to $8 Billion, Boosting Token's Trading Price Past $150

Solana's value soars above $150 due to robust network expansion, increasing trading activity, and bullish technical indicators suggesting a possible $250 ceiling.

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Skyrocketing Solana value surpasses $150, fueled by expanding network, escalating trading...
Skyrocketing Solana value surpasses $150, fueled by expanding network, escalating trading activities, and bullish chart indicators hinting at a possible $250 milestone.

Solana's Token Value Locked Surges 25% to $8 Billion, Boosting Token's Trading Price Past $150

I Got My Eyes on Solana

Tired of the boring cryptocurrency news? Solana's got you covered! This second-largest Layer-1 blockchain has been on a roll with a 8% price surge, leaving it trading around $150.

And guess what? The crypto network's total value locked (TVL) has grown an impressive 25% in the past month, racing past the $8 billion mark! This means more users are hopping on the Solana train, and the network is becoming more utilized.

Want to know more about Solana's technical analysis? Hold on tight! There's evidence of a V-shaped recovery pattern that's taking shape, aiming for $250. Everybody's excited!

Speaking of excitement, check out the daily decentralized exchange (DEX) volumes! They've surged over 90% since April 11th, catapulting to a whopping $3.14 billion. That's some serious action in the Solana ecosystem!

Last week, Solana bolted ahead, processing $21.6 billion in volume. That's more than the entire Ethereum Layer-2 ecosystem! Thanks to some solid protocols like Sanctum, Raydium, and Lifinity, TVL and weekly volumes are on the rise.

Techie Talk

Solana's price action appears to be the bark of a bull. A bullish V-shaped recovery pattern has formed on the weekly chart. Translation: expect a quick rebound, targeting the $250 level. In April, SOL broke out from a bearish price channel on the daily chart, signaling a shift from red to green. All systems are go!

Strong support can be found in the $145-$148 range. As the Relative Strength Index (RSI) rises, momentum is building for the bulls. Demand signals for Solana look great too. More long positions are being opened in the futures market, and Solana's Open Interest is third in the crypto world.

ETF, ETF and More ETF

Could a US spot Solana ETF be coming our way? Bloomberg Intelligence analysts think it's highly likely, with an estimated 90% chance of approval in 2025. That means more institutional demand and broader market access for SOL!

To really feel the impact, Solana needs to overcome a few hurdles first. It must clear the resistance zone between $152 and $154. A successful move above $154 could open the door for higher targets, including $165 and $180. If SOL fails to rise above the $154 resistance, it might stumble. Keep an eye on that $145-$148 support zone!

Want more details on Solana's ETF story? Here's the skinny:

  • No U.S. Approval Yet: As of late April 2025, the U.S. Securities and Exchange Commission (SEC) has not yet approved a spot Solana ETF, despite multiple filings from heavy hitters like Grayscale, VanEck, and Fidelity.
  • Growing Approval Probability: Bloomberg Intelligence estimates a 90% probability of Solana ETF approval in the U.S. during 2025, following increased regulatory optimism and momentum after Bitcoin and Ethereum ETF approvals in 2024.
  • Regulatory Hurdles: The SEC still needs to classify Solana, but large institutional investors are betting on its potential. Ongoing altcoin litigation and the need for enhanced surveillance-sharing agreements and disclosures are being addressed by ETF sponsors.
  • Futures Market Progress: Solana futures are already listed and recognized, supporting the case for an ETF based on a mature trading and custody infrastructure.
  • International Launch: The world’s first spot Solana ETF was launched on the Toronto Stock Exchange in April 2025, offering direct exposure to Solana and attractive staking rewards.
  • Market Sentiment and Speculation: Polymarket traders predict a 77% chance of U.S. Solana ETF approval by the end of 2025. Once the U.S. regulatory hurdles are cleared, expect a flood of institutional money rushing into the Solana ecosystem!
  1. Ethereum's contemporary, Solana, is witnessing a bullish trend, with its price action resembling a V-shaped recovery pattern, aiming for $250.
  2. Beyond Solana's price movement, its total value locked (TVL) has experienced a significant increase, moving past the $8 billion mark, indicating increased utilization especially within the finance and investing sector.
  3. Solana's technology is making waves, as it processes more volume than the entire Ethereum Layer-2 ecosystem, thanks to robust protocols like Sanctum, Raydium, and Lifinity.
  4. With a strong likelihood of 90% approval for a US spot Solana ETF in 2025, as suggested by Bloomberg Intelligence analysts, institutional demand and broad market access for SOL are anticipated to escalate.

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