Solana Bubble Maps Turn Neutral – Is This The Setup For A SOL Summer Rally?
Solana (SOL) has increased by 6.6% over the past week, sparking optimism for a potential rally towards new all-time highs (ATH). Strengthening fundamentals and bullish technical signals support this outlook. Currently, SOL is in a cooling phase on both spot and futures Bubble Maps, indicating a strategic accumulation period rather than fading momentum. The crypto community anticipates the approval of the first Solana exchange-traded fund (ETF) by the US SEC, with a 91% probability of approval by 2025. Technical analysis suggests that if SOL surpasses $200, it could initiate a bull run of 5x to 10x, with potential price targets exceeding $2,000. However, recent on-chain data shows significant movement of dormant SOL coins, raising concerns about possible selling pressure. Analysts remain optimistic that SOL could exceed its current ATH of $293 later this year, with the current trading price at $167.30, reflecting a 3.5% increase in the last 24 hours.
