Solana forecast: Sol-course jump in the $ 13 billion stable coin market with increasing ETF quotas expected
- The market capitalization of the Solana stable achieved $ 13 billion, which indicates growing use of defi and increased demand for sol-token.
- Bloomberg increases the chances of approval of the Solana ETF to 90%, which strengthens the expectation of institutional tributaries and the optimism of investors.
Solana (sol) positions itself for a possible outbreak for important developments in the technical and fundamental front. The asset, which recently found strong support near his 50-dayema (exponential moving average), moves at $ 149 on Thursday.
The market participants are closely followed by the on-chain indicators, in particular the constant increase in market capitalization of the stable coins in the Solana network, which now exceeds $ 13 billion. In the meantime, the likelihood of admission of a stock market-traded Solana Spot Fund (ETF) was significantly corrected, which increases the interest of institutional investors.
According to CNF, the total value of the stable coins circulating on the Solana blockchain has risen continuously since February and reached $ 13.06 billion this week, as Defillama data shows. This trend reflects the higher benefit of the network, with increased use in decentralized financial protocols (Defi), payments and speculative trade applications. Analysts see this key figure a strong signal for blockchain demand, whereby stable coins often form a bridge between liquidity and capital traffic on the chain.
An increasing StableCoin market capitalization usually correlates with higher transaction volumes, improved user commitment and broader acceptance. In the case of Solana, this growth supports the thesis that the network experiences deeper integration into decentralized applications. With increasing user activity, the native sol-token benefits from increasing demand that is bound to transaction fees, operations and liquidity incentives.
ETF prospects improve with institutional registrations
In a separate step, Bloomberg Intelligence has updated his forecasts for the admission of Solana ETFs and estimates a 90 percent chance of official approval in 2025. The revised opportunities reflect the growing dynamics among institutional actors who want to put on alternative cryptocurrencies beyond Bitcoin and Ethereum.
Solana-based ETFs have proposed several start-ups, including six asset managers, Grayscale, Vaneck, 21shares, Bitwise, Canary and Franklin Templeton. Although the US stock exchange supervisory authority (SEC) is currently examining these applications, its presence shows that the appetite for regulated, bound investment instruments is growing.
The general trend also includes applications for ETFs that pursue other tokens such as Ripple (XRP), Cardano (ADA), Dogecoin (Doge) and Avalanche (Avax), which Bloomberg assigns a probability of approval of more than 70 %.
A spot ETF would offer traditional investors direct engagement in Solana, without the complexity of the administration of private keys or the navigation of crypto borns. Such products could increase market participation and liquidity, which could possibly affect SOL’s long -term assessment.
Technical levels show signs of consolidation
From a technical point of view, Solana seems to consolidate himself after a small setback. The token was faced with a decline at $ 160 last week and fell by about 5 %to test its 50-day EMA support at $ 140.30. Sol recovers from this decline and has been traded at $ 149 since Thursday.
If the course in the upcoming sessions concludes over $ 160, this would probably trigger a renewed test of the resistance brand of $ 177.66. In this case, this would match the general interest bullish atmosphere and the capital offer triggered by the ETF speculations. The RSI currently shows a value of 61 on the daily chart, which is positive but not yet overheated.
If the course falls below the 50-dayema, it will correct in the direction of the next support zone at $ 118.10. Dealers are currently observing whether the price zone will hold for the time being, while the market digested the technical signals and developments at the macro level.
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