Solana ETF Buzz Sparks $2,000 Forecast Amid Bullish Breakout Signals

Solana (SOL) is regaining momentum, fueled by ETF optimism and strong technical indicators. Analysts now eye a potential tenfold rally if the bullish setup confirms.

Solana (SOL) is showing renewed strength, climbing to around $166 and gaining 2.7% in the last 24 hours. Following a sharp drop to $136 in June, this rebound reflects growing confidence in the asset during the current crypto bull cycle.

The real fuel behind the surge may be ETF speculation. A growing number of market participants believe that a U.S. Solana spot ETF approval could be just around the corner. According to Polymarket, there’s a 90% chance the ETF gets the green light before month’s end. The approval would follow the recent success of Solana futures ETFs and spot SOL ETFs already operating in Canada, pointing to the U.S. as the logical next adopter. Historically, such moves have attracted institutional capital, as witnessed with Bitcoin and Ethereum.

Boosting the optimism is the REX-Osprey Solana and Staking ETF (SSK), which launched on the Cboe BZX exchange. It raked in $12 million on its debut and saw a first-day trading volume of $33 million. This ETF not only offers price exposure but also includes staking rewards, making SOL attractive for both passive and active investors.

On the technical front, analyst Ali Martinez highlights a bullish cup-and-handle pattern on Solana’s weekly chart. A successful break above $170 could rapidly push SOL toward $200–$300 in the short term. If the bullish momentum continues, Martinez sees a path to $2,000—a potential 10x move.

The Fear and Greed Index for Solana currently reads 64, reflecting rising market greed and bullish sentiment. With institutional interest rising, ETF momentum accelerating, and strong technical setups in place, many are beginning to ask: Is Solana about to lead the altcoin charge?

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