NewsBTC
12 June 2025
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Solana Sees 6.6% Weekly Surge Amid ETF Approval Speculation

Solana (SOL) increased by 6.6% over the past week, raising expectations of a potential rally towards new all-time highs (ATH). Key factors include:

  • Strengthening fundamentals and bullish technical signals
  • A cooling phase in trading volume on spot and futures markets, suggesting strategic accumulation
  • Anticipation of a Solana exchange-traded fund (ETF) approval by the US SEC, with a 91% probability indicated for 2025
  • Technical analysis shows a bullish Cup and Handle pattern, with a possible breakout above $200 leading to a 5x to 10x bull run

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Despite optimism, concerns arise from large movements of dormant SOL coins, indicating potential selling pressure. Analysts remain hopeful that SOL may surpass its current ATH of $293, with the asset currently trading at $167.30, up 3.5% in the last 24 hours.

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