Last week also saw the launch of the first Solana staking ETF in the United States.

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.

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.

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.

July 8, 2025