{"id":214,"date":"2025-07-09T12:57:41","date_gmt":"2025-07-09T12:57:41","guid":{"rendered":"https:\/\/bitcoscript.com\/article\/heres-why-solana-price-could-rise-8-according-to-analyst\/"},"modified":"2025-07-09T12:57:41","modified_gmt":"2025-07-09T12:57:41","slug":"heres-why-solana-price-could-rise-8-according-to-analyst","status":"publish","type":"post","link":"https:\/\/bitcoscript.com\/article\/heres-why-solana-price-could-rise-8-according-to-analyst\/","title":{"rendered":"Here\u2019s Why Solana Price Could Rise 8% According to Analyst"},"content":{"rendered":"

Solana
\n
\n SOL<\/span>
\n $149.3<\/span>
\n <\/span>
\n
\n\t\t\t
\n 24h volatility:<\/span>
\n 1.2%<\/span>
\n <\/span>
\n
\n Market cap:<\/span>
\n $79.99 B<\/span>
\n <\/span>
\n <\/span>
\n
\n Vol. 24h:<\/span>
\n $4.32 B<\/span>
\n <\/span>
\n <\/span>
\n <\/a>
\n\t is on the brink of breaking the $160 mark, thanks to multiple bullish indicators.<\/p>\n

Ali Martinez, a well-known technical analyst, said in an X post that Solana\u2019s 1H price chart has formed a symmetrical triangle.<\/p>\n

\n

If you\u2019re not watching Solana $SOL<\/a>, you\u2019re asleep! pic.twitter.com\/eLh7jmLfbA<\/a><\/p>\n

— Ali (@ali_charts) July 9, 2025<\/a><\/p>\n<\/blockquote>\n

He believes that if SOL moves above $153, the asset will likely gain 8%, reaching $164.<\/p>\n

\n

\u201cIf you\u2019re not watching Solana, you\u2019re asleep,\u201d Martinez wrote.<\/p>\n<\/blockquote>\n

Solana is up 2.2% in the past 24 hours and is trading at $152.7 at the time of writing. The asset\u2019s market cap is hovering close to $82 billion, with a daily trading volume of just over $4 billion.<\/p>\n

The Rising SOL Ecosystem<\/h2>\n

In addition to the price, Solana\u2019s decentralized finance ecosystem and exchange-traded funds have also been rising.<\/p>\n

According to data<\/a> from DefiLlama, Solana\u2019s DeFi total value locked increased by 1.2% in 24 hours, reaching $8.7 billion.<\/p>\n

Jito, a liquid staking protocol, is leading the layer-1 network\u2019s DeFi ecosystem with a TVL of $2.7 billion.<\/p>\n

Moreover, the first-of-its-kind US-based spot SOL ETF by REX Financial and Osprey Funds, known as SOL and Staking ETF (SSK), has been accumulating constant inflows.<\/p>\n

According to data<\/a> from Farside Investors, the SSK fund recorded a net inflow of $41.2 million since its launch on July 2.<\/p>\n

On July 7, the US Securities and Exchange Commission asked the Solana ETF applicants to resubmit their filings by the end of July. The agency\u2019s request hints at the potential early approval of SOL-based investment products.<\/p>\n

next<\/p>\n

The post Here’s Why Solana Price Could Rise 8% According to Analyst appeared first on Coinspeaker.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solana SOL $149.3 24h volatility: 1.2% Market cap: $79.99 B Vol. 24h: $4.32 B is on the brink of breaking the $160 mark, thanks to multiple bullish indicators. Ali Martinez, a well-known technical analyst, said in an X post that Solana\u2019s 1H price chart has formed a symmetrical triangle. If you\u2019re not watching Solana $SOL,…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7,8,81],"class_list":["post-214","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency-news","tag-cryptocurrency-news","tag-news","tag-solana"],"_links":{"self":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/posts\/214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/comments?post=214"}],"version-history":[{"count":0,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/posts\/214\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/media?parent=214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/categories?post=214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/tags?post=214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}