On June 11, 2025, Solana (SOL) experienced a 4.3% price increase, trading at $165. This occurred despite the price still being 43% below its all-time high of $294, reached on January 19. (Source: Cointelegraph, June 11, 2025)
Several metrics suggest potential for further growth. The aggregate open interest (OI) for Solana futures reached $7.54 billion, up 12% in the last 24 hours and 20% from the previous week. This is only 12% below the peak of $8.57 billion on January 19. (Source: Cointelegraph, June 11, 2025)
Solana's total value locked (TVL) reached its highest level since June 2022, at 56.8 million SOL, worth approximately $9.1 billion. The number of Solana network addresses interacting with decentralized applications jumped by 38.5% to 2.7 million. (Source: Cointelegraph, June 11, 2025)
The likelihood of the US Securities and Exchange Commission (SEC) approving a spot Solana exchange-traded fund (ETF) in 2025 jumped to 91% on June 11, according to Polymarket data. Multiple applications from asset management giants signal robust demand. (Source: Cointelegraph, June 11, 2025)
Bloomberg senior ETF analyst Eric Balchunas suggests the SEC could act early on Solana ETF filings. Approval of these funds could unlock institutional capital, potentially driving prices higher, with some analysts predicting targets as high as $1,300. (Source: Cointelegraph, June 11, 2025)
A bull flag chart pattern has formed on the weekly chart, suggesting a potential price target of $335, or a 103% increase. The weekly RSI is moving above the midline, increasing to 51 this week from 36 on March 31. (Source: Cointelegraph, June 11, 2025)
To ensure sustained recovery, the SOL/USD pair must first flip the resistance at $190 into new support. (Source: Cointelegraph, June 11, 2025)