After Bouncing Nearly 30% Off Mid-April Lows, SOL Is Now Holding Strong Above $150

Solana (SOL) price has bounced nearly 30% off mid-April lows and is now holding strong above $150, with fresh momentum building across the board.

Solana (SOL) was trading at $148.59, up 0.91% in the last 24 hours.

If Sol Solana Price can push through the $160–$165 zone and build momentum toward $180, we might finally see a clean breakout take shape. With the ETF buzz, growing institutional interest, and solid support around recent lows, the Solana price prediction is starting to shift more to the bullish side.

Solana Eyes ETF Boost as Approval Odds Jump to 90%

In what could become a defining moment for the broader altcoin market, Bloomberg ETF analyst Eric Balchunas, has just raised the approval odds for several spot crypto ETFs, and Solana is front and center. According to the latest chart shared by Cointelegraph, Solana joins Litecoin and a crypto index basket at the top of the list, all now carrying a 90% chance of ETF approval in 2025.

While Bitcoin and Ethereum have already opened the ETF floodgates, this signals a potential second wave where Solana could take the lead among the next-gen blockchains.

Solana’s ETF approval odds rise to 90%, signaling a potential surge in institutional interest and capital inflows. Source: Eric Balchunas via Cointelegraph on X.

ETF approval is a gateway to mainstream capital and institutional flows. If it gets approved, it could reframe the Solana price prediction narrative.

Solana Price Prediction: Eyes on $180 as Support Levels Come Into Play

Solana is retesting a major support zone near $140 after a strong April rebound, and eyes are now shifting toward a potential climb back into the $180 range. According to crypto analyst Owais, the price has pulled back into a demand zone aligned with multiple moving averages, setting up what could be a clean bounce scenario if the level holds. The current consolidation also comes as part of a broader recovery effort after SOL swept March lows just under $120.

Solana retests key $140 support with eyes set on a potential rebound toward $180. Source: Owais via X

Technically, the setup looks constructive, but not without hurdles. The 50-day SMA is holding below the price at $133.69, while the 100-day and 200-day SMAs sit higher at $159.72 and $181.24, respectively. These levels mark potential resistance zones, especially the 200-day, which often acts as a long-term trend signal. If SOL can break above the 100-day and close strong above $160, the Solana price prediction toward $180 comes into play.

Momentum indicators offer a mixed but slightly bullish read. On the 4-hour chart, Bollinger Bands are starting to squeeze, a signal often associated with an impending volatility spike. Famous crypto chartist Ali Martinez pointed out, this compression phase could precede a sharp directional move. If volume returns and the support zone holds firm, Solana might be gearing up for its next leg higher.

Bollinger Bands squeeze on Solana’s 4H chart signals a possible breakout ahead. Source: Ali Martinez via X.

Solana’s Perps Volume Hints at Building Interest

While Solana’s price consolidates and ETF buzz brews in the background, another metric is quietly gaining momentum: the perpetual volume. As shown in the latest chart from DeFiLlama, daily Solana perp volume has stayed relatively elevated throughout March and April, even during price pullbacks. Despite some short-term dips, the pattern suggests active participation and sustained interest is there for Solana.

Solana’s daily perpetual volume holds strong through consolidation. Source: DeFiLlama

Interestingly, Solana’s spot trading volume has also stayed relatively steady through April, averaging between $4B to $6B daily. While it’s cooled from January’s peak, the current base suggests consistent interest rather than fading momentum.

Sentiment Lagging Behind Solana Price

While the ETF spotlight intensifies and perpetuals stay active, Solana has been quietly rallying 20% in a month with barely any hype around social feeds. As crypto analyst SlumDOGE Millionaire pointed out, there’s still a surprising lack of bullish noise across social timelines, despite SOL Solana price hovering near $150. That kind of price-sentiment disconnect doesn’t usually last long.

Historically, these are the moments when early institutional capital starts positioning quietly before the retail crowd catches on.

Final Thoughts: Key Levels and What to Watch

Solana may be flying under the radar on social media, but the charts and capital flows are telling a