The Solana price has declined by 2% today, dropping below the all-important $150 level as the crypto market loses 4% in the past 24 hours.
At $149, SOL is now flat in the past week and month, while remaining up by a fairly modest 13% in the past year.
However, things may be close to changing for Solana, with news emerging yesterday that the SEC has given SOL ETF applicants until the end of July to file amended S-1 forms, a sign that the regulator may want to fast-track approval.
We could therefore witness the first ETF approvals earlier than expected, and when combined with the coin’s strong fundamentals, the medium- and long-term Solana price prediction looks very good indeed.
Solana Price Prediction: Fast-Track ETF Timeline Emerges – Catalyst for $500 SOL?
According to two people familiar with the matter, the SEC has asked applicants to answer comments and refile their S-1 forms by the end of this month.
While the regulator did have until October to approve or deny the applications, it’s possible this request means it’s now working within an accelerated timeframe.
Last week’s approval of the REX-Osprey Solana Staking ETF, the first Solana staking ETF in the US, has potentially nudged the SEC into acting more quickly, with the new fund witnessing $12 million in inflows on its first day.
This is good news, but recent developments have been mixed as far as SOL ETF acceptance goes, with yesterday also witnessing the SEC delay its judgment on Fidelity’s Solana ETF.
Solana’s chart today reflects this mixed mood, with the coin’s indicators in a middling position that could be consistent with recovery or further losses.
Its relative strength index (yellow), for example, is seesawing around 50, seemingly lacking the momentum to rise any higher.
On the other hand, its MACD (orange, blue) has been rising over the past few days, suggesting that the may be close to recovery.
Source: TradingView
If we look at Solana’s trading volume today, we see that it’s in the lower half of the $1.5 billion-to-$10 billion range it has occupied over the past three months, signalling that demand is still relatively low.
This means that the Solana price could struggle to break new ground in the near term, although the eventual approval of SOL ETFs – perhaps in the late summer or early fall – could see it reach $250 by Q4 and then $350 by the end of the year.
The Most Comprehensive Trading Bot in Crypto: Snorter Raises $1.4 Million in Presale
Solana is likely to have a strong end to the year, but it won’t be the only altcoin to perform well as we move closer to 2026.
We’re also likely to see a variety of new tokens and presale coins do well, with one of the most interesting presales right now belonging to Snorter (SNORT).
A meme token running on the Ethereum and Solana blockchains, Snorter will also be launching its very own automated sniping bot, with the project raising over $1.4 million for its native token.
As a sniping bot, Snorter will make trades on behalf of investors, moving ahead of the market to ensure that up-and-coming coins are purchased early.
Its copy trading feature will also enable users to mirror the trades of whales and smart money, again helping them to stay ahead of the wider market.
Other features will include atomic swaps, limit orders and protection against rugpulls.
Users will need to hold SNORT to access these features, while they will also be able to stake the token.
This could result in big demand for the coin, with investors able to join its presale by going to the Snorter website.
SNORT is currently selling for $0.0975, although this will rise every few days until the sale ends.
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