Several spot ETF issuers remain in limbo, yet SOL remains steadfast towards $200 as bullish momentum builds for Solana price predictions.
The altcoin has recovered $190 in a 6% weekend move, driven by the approval of the 21Shares Solana Spot ETF and meme coin market momentum.
Solana will be the third major crypto to gain institutional-grade exposure in U.S. TradFi markets, potentially unlocking up to billions in fresh capital inflows.
Its foothold in U.S. TradFi markets only stands to deepen as the ongoing U.S. government shutdown delays other ETF approval, leaving touch points for institutional demand untapped.
And with market participants pricing in up to 0.5% in U.S. interest rate cuts before year-end, stimulated risk sentiment could drive even greater demand.
Offsetting the delayed catalyst, meme coin market momentum continues to drive demand for SOL, with dApp revenue outpacing the likes of Ethereum and Binance Smart Chain combined.
Solana Price Prediction: Explosive Move Could Be Imminent
These bullish catalysts, combined with sustained demand for meme coins, could set Solana up for a breakout from its 7-month ascending channel.
The altcoin has confirmed a strong confluence of support with a double-bottom reversal pattern forming around the $175 demand zone and lower channel support.
This lower boundary has been proven as a launchpad, setting sights on a test of upper resistance as momentum indicators turn bullish.
The RSI has formed a higher low since its bottom at 30, now near neutral, while the MACD histogram follows suit in approach of the signal line—both hinting at a potential new uptrend.
The key breakout threshold remains at $300, Solana’s early-year all-time high. A flip of that level into support could open the path to new price discovery, targeting $500 for a 160% move.
However, with deepening TradFi exposure through stablecoins, corporate treasury accumulation, and upcoming spot ETFs, fresh institutional demand could extend the rally by 420%—pushing SOL toward the $1,000 mark.
Snorter: The Tool Every Trader Needs for the Solana Bull Run
History repeats itself — when the Solana price starts running, meme coins tend to explode right alongside it.
Snorter ($SNORT) is quickly becoming the go-to tool for investors who want to make the most of its high-potential plays.
Snorter Bot is built for competitive trading: limit-order sniping to catch sharp entries, MEV-resistant swaps that block frontrunners, copy trading that tracks proven winners, and rug-pull protection to filter out scams before you commit a cent.
Just as importantly, Snorter guides exits. It helps traders lock in profits at the right moment, often the difference between a small win and a huge one.
This isn’t your average bot. It’s built for the chaos and opportunity of a bull market. And with the macro narrative driving capital back into meme coins, Snorter’s timing couldn’t be more perfect.
And the timing couldn’t be better. The macro narrative is driving capital back into risk assets like meme coins, making Snorter even more valuable as momentum builds across the sector.
So far, the presale has raised almost $5.25 million, and momentum is only growing.
Early adopters of $SNORT are getting ready to ride the next Solana rally — with sharper entries, cleaner exits, and smarter trades.
Visit the Offical Snorter Website Here
The post Solana Price Prediction: SOL Approaches $200 Mark Despite ETF Decision Delay – Is Solana About to Explode? appeared first on Cryptonews.
