Why Solana (SOL) Is Surging Today : Key Drivers Behind the Price Rally

Solana (SOL) is surging today, driven by an upcoming ETF and frenzy in derivatives. Find out why this rally could target $315.

Written by Charles Ledoux

Translated on June 16, 2025 at 12:16 by Sarah

Copié

Is Institutional Demand and a Solana ETF Approaching ?

Solana is experiencing an impressive surge today, driven by a combination of bullish factors. Growing optimism around the imminent approval of a Solana ETF in the United States and strong demand in the derivatives market are setting a very positive price trajectory for SOL.

🚨 JUST IN: ALL 7 SOLANA ETF’S WERE UPDATED ON FRIDAY BASED ON SEC REQUEST TO INCLUDE STAKING$SOL STAKING ETF’S ARE COMING VERY SOON. #SOLANA ⚡️ pic.twitter.com/ErRV07jcgi
— curb.sol (@CryptoCurb) June 14, 2025

Bloomberg analysts estimate a 90% likelihood that the SEC will soon approve Solana and staking ETFs. This forecast is based on the numerous S-1 form filings made by asset managers like VanEck, Grayscale, or 21Shares with the SEC. A green light would pave the way for an influx of institutional capital, significantly boosting demand for SOL.

Massive Speculative Interest in Derivatives

Why is Solana price up today?

🔸Spot Solana ETF approval odds jumps to 91% on polymarket.

🔸 SOL futures open interest is up 22% in a month, signaling strong institutional interest.

🔸A Sol price bull flag is in play on the daily chart, targeting $315. pic.twitter.com/BNFiE2hC71
— Franklin ICT (@franklyICT) June 16, 2025

The Solana futures market is experiencing frenzied activity, with a total open interest reaching 45.87 million SOL on June 12, a 2-year high. This amounts to $6.86 billion in positions, making SOL the 3rd largest crypto derivatives market. This widespread bullish speculation reflects institutional investors’ confidence in Solana’s potential.

Extremely Promising Technical Setup for SOL

On the weekly chart, SOL has formed a bullish flag, a classic technical pattern that typically signals a strong uptrend. Its price has also bounced off the Fibonacci Bollinger Band (FBB) midline and is heading towards the upper FBB zone.

If this pattern confirms, Solana’s price could soar to $315, marking a over 100% increase from current levels. The daily RSI, now at 50, reinforces this short-term bullish outlook.

In the short term, if SOL surpasses $158-160, it will likely reach the $170 zone shortly after and then possibly $190.

In conclusion, the current momentum of SOL, supported by extremely favourable fundamental and technical factors, suggests a continued uptrend in the coming weeks. Informed crypto investors would be wise to closely monitor the progress of this exciting development.

How to Buy Solana on Bitget ?

Investing in Solana presents an exciting opportunity given its current rally and the potential ETF in 2025. Here’s how you can purchase it easily on Bitget :

Create an account: Sign up on Bitget with your email in a few clicks.
Verify your identity: Submit an ID to activate trading.
Add funds: Deposit dollars or cryptos like USDT.
Buy the token: Go to “Spot Market,” select SOL/USDT, and enter the desired amount of SOL.

Buy SOL on Bitget and get $10 !

More on this topic :

Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.