Analysts Say Solana Could Skyrocket to $2,700 — With ETF Approval Now Almost Certain!

Updated

July 17, 2025

Gambar Analysts Say Solana Could Skyrocket to $2,700 — With ETF Approval Now Almost Certain!

Jakarta, Pintu News – Solana prices may be on the verge of a parabolic bull run towards $2,700, according to a top market analyst who detected a breakout from a cup and handle pattern.

The analyst’s optimistic outlook comes as SOL prices continue to rise, in line with the overall strengthening trend of the crypto market.

Cup and Handle Pattern Breakout Could Push Solana Price to $2,700

In a recent post on X, renowned analyst Ali Martinez stated that Solana’s 1,500% rally to $2,700 is likely imminent, following the formation of a large pattern that has been developing since 2022 and is now showing signs of breakout.

According to the analyst, this breakout is a signal that SOL is ready to “melt faces” by outperforming the rest of the crypto market.

Solana $SOL is about to melt faces! pic.twitter.com/WRrav5aAfM
— Ali (@ali_charts) July 16, 2025

This cup and handle pattern shows that Solana’s price has just gone through a deep correction phase that started after the crash caused by the FTX collapse. The first stage of this correction phase ends in 2023, before a rally that pushes SOL to an all-time high of $294 in January 2025.

However, when traders start taking profits at the top, the market enters a downward consolidation phase which then forms the “handle” part of the pattern.

This downward consolidation is now almost over, with prices starting to test the resistance area of the falling channel-asign that alarger uptrend may be about to begin.

The depth of this cup suggests that the next price movement could push SOL to the 161.8% Fibonacci level of $2,700.

However, before this optimistic prediction can be realized, there are still some technical obstacles to overcome. These include the previous high of $294, as well as another important resistance at $787.

In addition, another crucial resistance is at the 141.4% Fibonacci level of $1,314.

ETF Approval, Institutional Interest and Regulation could Drive SOL Rally

While an SOL price rally to $2,700 may sound overly ambitious, several factors suggest that this scenario could potentially materialize in the next few years.

One factor is the likelihood of spot SOL ETFs being approved, with data from Polymarket showing a 99% chance of approval before the end of 2025.

The arrival of a spot SOL ETF is expected to attract huge demand, as evidenced by the performance of Rex Shares’ SOL staking ETF which recently outperformed the XRP futures ETF on its first day of trading. The ETF was launched earlier this month, and at the time of writing had amassed a net worth of $42 million.

The wave of crypto accumulation by corporations has also started to spread to Solana. DeFi Development Corp is now one of the largest SOL holders after purchasing more than 153,000 tokens recently.

If this kind of buying activity continues, Solana’s price has the potential to record significant gains going forward-toward the cup and handle pattern target of $2,700.

Meanwhile, crypto markets are abuzz with expectations that the United States House of Representatives will pass the GENIUS Act as well as several other pro-crypto bills that will encourage the adoption of Solana tokens and blockchains.

This could also be a major supporting factor for SOL’s 1,500% price rally towards $2,700.

As such, while the prediction of Solana prices reaching $2,700 as stated by Martinez may take months or even years, a number of bullish factors currently in place suggest that such a scenario is quite realistic.

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