Solana Price Prediction: SOL Eyes $172 as Breakout Aligns With Altseason Signals

Solana breaks out of its downtrend as ETF approval inches closer, setting the stage for a potential major rally ahead of altseason.

Solana’s recent breakout from its multi-week downtrend is putting bulls in a leading spot. The shift in structure comes just as ETF speculation picks up, giving participants a fresh reason to watch closely. With momentum turning, SOL Solana price could be gearing up for its next big move.

Solana ETF Getting Closer to Approval

A new email leak has spread excitement in the Solana camp. According to a message shared by Mike Zillonaire, the SEC has informed REXShares that it has “no further comments” on the Solana ETF filing. In regulatory terms, that’s as close as it gets to a green light without the final stamp, often the last step before approval. While nothing is official yet, the tone of the communication suggests clearance may be only a matter of time now.

Solana ETF inches closer as SEC reportedly signals no further comments on the filing, hinting at a near-term approval. Source: Mike Zillonaire via X

If approved, this would mark the first product of its kind for SOL, potentially opening the door for institutional inflows similar to those seen with Bitcoin and Ethereum ETFs. However, the market will be watching for any formal statement from the SEC.

SOL Solana Price Breaks Downtrend

With the ETF buzz building, SOL’s price action is starting to match the narrative. As shared by Bluntz Capital, Solana has officially broken out of a multi-week downtrend on the 8-hour chart. That descending resistance line, which has capped upside momentum since late May, has now been breached on decent volume. It’s a clean technical signal that buyers are stepping back in just as the macro news flow improves.

Solana breaks multi-week downtrend on the 8-hour chart as RSI climbs above 50. Source: Bluntz Capital via X

The RSI has also crossed above 50 for the first time in weeks, a subtle but meaningful momentum shift. SOL is currently holding above $150, and the next resistance levels to watch are $160 and $172.

Solana Among Few Altcoins to Outrun Bitcoin

Among large-cap altcoins, Solana stands out once again in performance. Crypto analyst Jesse Peralta has highlighted using Glassnode data that Solana has outpaced not only its peers but also Bitcoin itself, delivering over 15x gains since 2023.

Solana outperforms Bitcoin and peers with over 15x gains since 2023. Source: Jesse Peralta via X

Solana has firmly positioned itself as a market leader among altcoins. In a cycle where most others are struggling to keep pace, Solana isn’t just running alongside Bitcoin; it’s outpacing it. If this momentum continues and Solana keeps reinforcing its dominance, it could translate into further positive impact on its price going forward.

Solana Price Prediction Points to New Rally

Solana’s multi-year uptrend remains firmly intact, and according to analyst Ether Wizz, the asset hit a new all-time high earlier in 2025, and now, it’s shaping up for yet another strong rally. The price has continued to respect a long-term ascending support trendline, with the latest consolidation forming just above the prior breakout zone. That setup, along with consistently higher lows since 2022, is keeping the bullish structure intact.

Solana’s uptrend has stayed strong with higher lows since 2022, after holding the ascending trendline. Source: Ether Wizz via X

From a broader view, Solana’s strong technicals are being reinforced by macro developments, namely, the highly anticipated Solana staking ETF. If the July approval goes through, that would allow institutional capital to flow into SOL. When technicals and narrative converge like this, it often marks the start of a new trend leg, and Solana price prediction models are now pointing toward the $400+ zone as a reasonable next target.

Solana Positioned to Lead If Altseason Breaks Out

With altseason chatter building, analyst Jesse Peralta points to a sharp signal: the altseason index chart is now nearing a historic bottom. This Glassnode-derived metric shows the percentage of altcoins outperforming Bitcoin over a rolling 90-day period, currently sitting at levels that have previously preceded major altcoin rallies.

Solana leads altcoins with strong technicals and macro support as the altseason index nears a historic bottom. Source: Jesse Peralta via X

Among the altcoins flagged, Solana stands out with the strongest setup. While others made the list, Solana’s clean technical breakout, combined with macro tailwinds like the ETF news and dominant on-chain activity, gives it the edge. If this index bounces like it has in past cycles, Solana could be the one leading the next leg higher.

Final Thoughts: Does Solana Look Ready?

Solana is showing strong signs that it might be ready for a big move. The price has broken out of a downtrend, momentum is picking up, and news of the ETF getting closer to approval has brought fresh energy to the market.

If altseason really begins, Solana looks like one of the top coins to watch. It has outperformed many others, including Bitcoin, and now has both strong technicals and good news backing it. While it would still need the final green light from the SEC, but the setup does look strong.