​The 24-hour market activity resulted in a 10% increase that took SOL to $135.25 before Nasdaq released its first Solana futures ETF

The 24-hour market activity resulted in a 10% increase that took SOL to $135.25 before Nasdaq released its first Solana futures ETF.

The 24-hour market activity resulted in a 10% increase that took SOL to $135.25 before Nasdaq released its first Solana futures ETF. As one of the most anticipated milestones for Solana, Volatility Shares will introduce its new ETF today (March 20, 2025), which might attract more institutional crypto investors.

Solana ETF Launch: A New Milestone for Institutional Adoption

The Nasdaq Solana Futures ETF launch marks a significant development for the cryptocurrency market, providing institutional investors with a new investment opportunity. Market sentiment has strengthened due to the approaching Solana ETF launch thus driving Solana price appreciation. According to market analysts, this development provides the foundation for additional market gains that might spread its value up to $150 if positive trends persist.

The expansion of cryptocurrency markets has gained momentum after the Federal Reserve adopted a supportive stance that bolstered Solana and the volatile market. Successful implementation of the Solana ETF will establish an important milestone for additional cryptocurrency ETFs according to traders who observe these developments because such success might draw increased institutional investor interest.

SOL Price Prediction: Can Solana Maintain Its Uptrend Amidst Market Volatility?

Analysis of the SOL pair indicates an ongoing uptrend formation. The price action began at its daily low point of $122 before steadily rising upward and reaching a solid support level of $124. The market experienced repeated ascents until SOL finally crossed the vital resistance at $129 to prove that buyers had taken control. After the breakout happened, the price moved upward while it completed a healthy retest phase along with higher highs and higher lows. RSI display patterns that started from oversold actions produced a rebound and evolved to overbought zones as the buying force increased. The confirmed bullish sentiment received further support from multiple golden crosses, which occurred on the MACD indicator throughout the rally phase.

Analyzed by Triparna Baishnab, Published on TradingView (March 20, 2025)

A bullish market outlook for SOL seems probable because it can maintain its position above $129 as support. The present momentum creates potential for challenge of the $140 resistance barrier. If the price fails to protect $129 it could lead to a downward correction that might reach the supports at $124. Market participants should observe new MACD crossovers together with RSI actions around overbought regions in order to recognize upcoming correction phases or new upward movements.

How will the Solana ETF Launch Impact the Cryptocurrency Market and SOL Price Prediction?

The 10% price increase in Solana shows increasing investor excitement because its first futures ETF is scheduled to launch on Nasdaq. The success of the Nasdaq Solana Futures ETF will depend on market conditions and investor demand, but it has the potential to drive growth and adoption for Solana. A successful launch of this ETF will create substantial market momentum that would bring in institutional investors while serving as a model for upcoming crypto-based ETF products.

The bullish trend for SOL maintains technical strength because it maintains a position above its crucial support level of $129. The current support level lets traders anticipate further price movements toward resistance at $140 and $150. Accompanying traders need to observe drops beneath $129, yet the potential exists that it will trigger short-term adjustments ahead of additional upward movement.