TLDR:
- Investco and Galaxy will be the ninth duo applying for a Solana ETF in the middle of the increasing altcoin demand.
- Sol rebounds from $ 126 support and holds over $ 145 with a haus -like wave formation in play.
- US Crypto Bill HR 3633 can accelerate Solana ETF approvals when the rules become clearer.
- Technicians show no baisse -like divergence, which indicates the continuation of $ 162 and $ 172 goals.
Interest in Solana continues To rise when Invesco and Galaxy Digital become the ninth pair of issuers to apply for a solar ETF. Their movement comes in the midst of growing institutional speed for altcoin-backed means, especially when US legislators drive to clarify crypto regulation.
The timing coincides with strong technical indicators that suggest that Solana can enter a haus phase. With market conditions that change and the demand for different crypto -poning is growing, Solana’s position seems to be a top digital asset being strengthened.
Analysts say that Momentum builds when investors’ demand increases together with clearer regulatory signals.
Solana ETF applications reflect institutional trust
The joint S-1 archiving By Invesco and Galaxy Digital Highlights Depting institutional engagement with Solana.
According to Bloomberg ETF analyst James Seyffart, this provides the total number of solar ETF applications to nine. This growing competition points to rising expectations to alternative crypto -etfs in addition to Bitcoin and Ethereum.
NEW: @Invescous (and @galaxyhq) Just archived for a Solana ETF. So do nine issuers who have applied for a Solana ETF now. pic.twitter.com/iu3ozvo9pg
– James Seyffart (@jseyff) June 25, 2025
The regulatory background is also changing. House financial services for financial services Recently advanced The digital asset market Clarity Act (HR 3633). This bill aims to define legislative responsibility between SEC and CFTC, which can speed up ETF approvals.
With clearer rules in the future, issuers seem to be more confident in launching products tied to Altcoins like Solana.
Solana’s latest price movement reflects the enthusiasm around These ETF applications. Financial trade Matthew Dixon found that the sun bottom out at $ 126.03 and then has shown a clear recovery pattern.
Diagram data confirms that this low served as a strong macro support.
The price has recovered over $ 145 and hovered just below the Fibonacci level of 0.236 to $ 148.83. Analysts believe it can trigger a support that can trigger a Greater upward movement against $ 162 and potentially $ 172.
Crypto Spring, summer is coming.
Finally – the bull drive has begun 🚀🚀🚀#Solar Recently bottom on $ Sun 126.03 and has confirmed the beginning of the next big impulse to the upside.
This will not only carry #Solana Much higher (with only minor corrections) but also … pic.twitter.com/N4BBrafpnj– Matthew Dixon – Veteran Financial Trader (@mdtrade) June 26, 2025
Solana technical indicators support Haussearted Momentum
Diagram patterns reveal a wave structure that is compatible with a developing Hausseian bicycle.
The latest recovery seems to mark the beginning of a wave 3 impulse, often the strongest in Elliott -wave formations. RSI on the 4-hour diagram remains over 55, which shows continued buyer strength without baisse-like divergence in sight.
As long as sun Holds over $ 135 and breaks over $ 148.83, additional winnings remain possible. These levels are in line with rising optimism over the wider crypto market, with assets such as BTC and ETH that also show recovery signs.
Per Coinmarketcap, Solana have the sixth largest Market cap in Crypto, currently valued at $ 78.21 billion. With a daily trade volume over $ 3.4 billion, investors’ activity remains high.
While The price has dipped Something with 0.31% over the past 24 hours a still up over the past week.
