SOL, the native cryptocurrency of the Solana ecosystem, has come under scrutiny

input: SOL, the native cryptocurrency of the Solana ecosystem, has come under scrutiny following a relatively abysmal performance

Solana's (SOL) impressive performance last year triggered bullish predictions for 2025, but the trend this year saw it drop hard, losing 68% of its value in the first three months. Despite that tough start, the crypto known for speed has stayed a hot topic.

Solana Remains a Main Topic in Market Discussions

Its presence in digital asset talks, right up there with major players like Bitcoin, Ethereum, and XRP, sparks curiosity. Many analysts are digging into why Solana remains so resilient.

According to Santiment, the market intelligence platform with on-chain and social metrics, most crypto users mentioning Solana are focused on its current price, market size, trading volume, and chart patterns. They are also talking about SOL’s price targets for 2025, and a good percentage of traders expect its value to go up noticeably.

Solana Supporters Curious About ETF and Ranking

Main topics aside, Solana supporters appear to be interested in knowing about developments around a spot ETF approval for Solana and how that, and other events, can affect the crypto asset’s bullish sentiments.

Solana’s ranking among crypto assets has also captured users’ attention, considering its strong showing in 2024, which makes it a focal point in many crypto discussion forums.

Solana’s recent price resurgence is worthy of note. SOL staged an impressive comeback after dropping below the crucial $100 mark. SOL surged 67% in April to reach a $157.08 local high, according to data from TradingView.

Solana is recovering the bullish momentum despite retracing slightly after the latest surge. Trading for $149.72 earlier tonight leaves SOL at a crucial level, and analysts believe returning above the $150 psychological level could trigger more bullish momentum and push SOL to higher levels.