Solana Price Prediction: SOL ETF Buzz and $100B Market Cap Puts $369 in Sight

Solana is nearing a major breakout as ETF buzz, bullish chart patterns, and surging DeFi activity fuel renewed investor interest.

Solana is starting to pick up serious momentum again, and this time, it’s not just about the price chart. With ETF rumors swirling and major players eyeing the next breakout, market watchers say SOL could be setting up for something much bigger.

Solana ETF Countdown Sparks Fresh Momentum

Solana may be gearing up for its most defining moment yet. With seven ETF applications reportedly in the pipeline for approval, SOL is positioning itself to step into a new tier of institutional relevance, right alongside Bitcoin and Ethereum. While nothing is confirmed just yet, the very idea of multiple Solana ETFs entering the U.S. market is already shifting sentiment, especially among those tracking ETF inflows and regulatory signals.

Solana eyes ETF-driven breakout as institutional interest builds, marking a potential shift in Layer 1 market dynamics. Source: CryptoCurb via X

CryptoCurb believes that if these approvals go through, it would mark a major milestone not just for Solana but for the broader Layer 1 landscape. SOL would effectively join the ranks of BTC and ETH in gaining access to major financial institutions.

Solana Forms Bullish Base as Key Breakout Level Approaches

Following the ETF buzz, Solana’s price action is starting to reflect the shift in sentiment. The latest chart from Crypto Tiger shows a textbook cup-and-handle structure forming on the 2-day timeframe, with price now pressing right into the neckline near the $185 zone. This region has repeatedly acted as both a resistance and consolidation point, and SOL is now attempting a clean break with rising volume, an encouraging sign that this pattern may be resolving to the upside.

Solana forms a bullish cup-and-handle pattern on the 2D chart, with price pressing into key resistance near $185. Source: Crypto Tiger via X

With seven ETF filings in the pipeline and macro tailwinds favoring high-performing Layer 1s, Solana appears to be preparing for a move that could push it past $200 and reopen the door to the $260 to $280 range. The technical structure is solid, and fundamentals are gaining traction. If this breakout confirms, momentum may continue to build well into Q3.

Solana DeFi Volume Gets a New Leader

As anticipation around ETF approval builds, Solana’s on-chains are also stepping into the spotlight. Drift Protocol, a Solana-based perpetuals DEX, just posted its first-ever $1B daily volume milestone. That puts it ahead of every other Solana-based DEX and places it second by perp volume across all chains.

Drift Protocol hits $1B in daily volume, becoming the top Solana DEX and second-largest perp platform across all chains. Source: SolanaFloor via X

This kind of backend activity adds real weight to the bullish setup forming on the charts. While price action is nearing a potential breakout zone, these are the triggers that fuel long-term moves.

Solana Price Prediction Eyes $369 Cycle Peak

Solana Price Prediction models are starting to point toward higher targets as the broader structure continues to unfold. The latest projection from Gerla places SOL’s potential cycle top near the $369 level. A number that, while ambitious, doesn’t look entirely out of reach given the confluence of chart patterns.

$295.90 was last visited during January 2025, and reclaiming that level would transition Solana from bullish to hyper-bullish mode. What’s different this time is the growing alignment between the technical structure and fundamentals.

Solana’s price projection hits $369 as technicals and fundamentals align, with $190 seen as the key breakout trigger. Source: Gerla via X

From a chart perspective, Solana has completed a long accumulation base and is now approaching the midpoint of its macro range. There’s a clean horizontal resistance zone near $190 that, once broken with conviction, could trigger a move toward the $260 to $280 area first.

Solana Market Cap Breakout Confirms Growing Strength

Solana has officially joined the $100 billion club, an achievement that adds serious weight to the bullish case already building. This milestone doesn’t just reflect recent price action; it signals a shift in how the market is starting to value SOL.

Solana surpasses $100B market cap, reinforcing its growing institutional appeal and bullish momentum.

Final Thoughts

While the charts are already leaning bullish, what’s happening behind the scenes might be even more telling. Solana isn’t just gaining momentum from retail; it’s getting ready to draw serious institutional attention. With ETF speculation heating up, DeFi protocols hitting new records, and the $100B market cap milestone now behind it, Solana is no longer just a fast chain; it’s a serious contender for long-term dominance.

If SOL does clear that $190 resistance with volume and confirmation, it could unlock the next major leg towards $280 and beyond.