Solana Set to Soar? ETF Buzz Could Launch SOL Price Toward $200 This Week

Jakarta, Pintu News – The United States Securities and Exchange Commission (SEC) appears poised to approve the Solana ETF (SOL) sooner than expected, as the regulator directed issuers to resubmit their documents before the new deadline on July 31.

SEC Pushes Solana ETF Resubmission Before October Deadline

The Solana ETF review process is likely to be accelerated, after the Securities and Exchange Commission (SEC) asked all applicants to amend and resubmit their S-1 documents before the end of July, according to a CoinDesk report on Monday (7/7).

While the agency’s official deadline is still October 10, the new directive hints at an effort to expedite approvals before the fourth quarter(Q4).

Read also: SOL, ETH, and XRP: The Top Altcoins to Collect Before the Price Surges Again!

This push seems to be related to the approval and launch of the REX-Osprey SOL and Staking ETF (SSK), which became the first Solana staking fund launched last week under the Investment Company Act of 1940.

At the time of writing, bettors at Polymarket estimate the probability of SOL ETF approval before the end of 2025 at 99%.

According to a report by CoinDesk, the SEC asked for clarification regarding staking and in-kind redemptions in a comment letter sent in June to the applicants.

It remains unclear whether Solana’s new ETF deadline will bring clarity to the gray area that has existed since the approval of Bitcoin (BTC) and Ethereum (ETH) ETFs in January 2024.

Solana Price Prediction: Will ETF Approval Push SOL Past $200?

Solana price was trading at $149 on July 8, moving sideways as market sentiment was flat.

Although SOL is currently facing a strong resistance zone above it, the falling wedge pattern hints at a potential breakout towards $260 if the official approval of the SOL ETF happens before October 10.

Historically, ETF approval has given native tokens a significant price boost. Bitcoin rose more than 40% after its ETF was approved in January, while Ethereum recorded a 25% gain after gaining approval in May.

Read also: Ethereum Holds Firm at $2,500 — But On-Chain Data Reveals the Road to $5K Won’t Be Easy!

If this pattern repeats, SOL has the potential to rise towards $200, especially if the positive sentiment towards SOL ETFs triggers demand from institutional investors.

On the technical front, Solana’s price experienced an intraday decline of 2%, dropping below the psychological support level of $150. However, the middle Bollinger band shows that the token is still trading above its 20-day moving average, signaling that there is still active buying interest.

The key short-term resistance is at the $158 level, signaled by the upper band of the Bollinger. A convincing daily close above this level could confirm a breakout, with the next target at $180 and a bullish long-term target at $265 as indicated by the falling wedge pattern.

Conversely, if the price fails to hold above the $150 psychological level, it could trigger selling pressure again, with $135 as the next major support level to watch.

All in all, with the new deadline from the SEC and the potential for significant price increases, the future of the Solana ETF looks bright.

Investors and market watchers will be looking forward to further developments, as this could be an important turning point for Solana and the entire crypto ecosystem.

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Reference:

• Coinspeaker. Solana ETF Approval Fast-Tracked as SEC Issues New July Deadline, Will SOL Price Hit $200? Accessed on July 9, 2025