Solana Price Evaluation This Week: Is It Possible for SOL to Reach $200 Soon?
The main inquiry regarding Solana’s price review this week is if it can hit $200 shortly. SOL is currently priced at approximately $152.50, reflecting a slight increase of 1.5% over the last 24 hours.
SOL is encountering significant barrier level at $164 and must overcome this threshold to consider any possibilities of advancing toward $200 in July.
Importance of 4-Hour Close for Solana Price Review This Week: Above $153 and the Sky’s the Limit
While facing barrier level for the SOL price, it displays a clear breakout from a symmetrical triangle; however, it must first close above $153 on the 4-hour chart to sustain its bullish trend.
Following that, the $164 price ceiling will become relevant, potentially acting as a major hurdle. Still, with BTC lingering just below its all-time high and appearing ready for a upward movement at any moment, Solana may follow in its footsteps.
The current trendline for SOL has remained intact since early July, resulting in tight compression that seems set to trigger a significant upward movement.
On a broader timeframe, the 1-day chart reveals a cup and handle pattern developing, which nicely aligns with the short-term perspective, both indicating an upward movement in the upcoming days.
This week’s Solana price review hinges on Bitcoin’s performance, as it remains just beneath $109,000, poised for a upward movement above $110,000. A move of this scale from the leading digital currency would likely provide the momentum needed for altcoins like SOL to gain traction.
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Factors That Could Propel SOL Parabolically: Upcoming Spot ETFs Could Make a Difference
$SOL ETF has recorded $41 million in net inflows so far.
pic.twitter.com/qa1HmPiPh1
— CryptoGoos (@crypto_goos) July 9, 2025
Solana seems to be the favorite contender for the next altcoin to gain full SEC approval for a spot ETF. Rex-Osprey launched the very first Solana Earning yield ETF earlier this month, which has seen great success, bringing in over $41 million in inflows in its first four days.
This considerable influx of institutional capital into SOL through just one ETF product highlights the strong demand for regulated institutional investments in spot SOL.
Currently, there are more than 10 SPOT SOL ETF applications submitted to the SEC from notable firms like BlackRock, Fidelity, Bitwise, and 21Shares, among others.
These applications are the frontrunners expected to secure full approval ahead of other altcoins, with prediction trading market network Polymarket indicating a 99% likelihood of a US-based spot Solana ETF receiving approval in 2025.
Regarding ETFs, US President Trump has formally submitted an application for a ‘Crypto Blue Chip’ ETF through his Truth Social protocol, which includes SOL with an 8% allocation among assets like Bitcoin, Ethereum, XRP, and CRO.
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Pump.fun Crypto token Launch Next Week Expected to Revitalize Available volume and Interest in Solana
The sale kicks off on July 12th, at 14:00 UTC and will continue until July 15th, 14:00 UTC. Bull run.fun is a Solana-centric… pic.twitter.com/yxs4ILoyjt
— CryptoDep (@Crypto_Dep) July 9, 2025
Another noteworthy event within the Solana ecosystem that could provide a boost for a SOL rally is the public token sale for Price surge.fun’s $PUMP crypto token.
The coin sale begins on July 12 with the Price surge.fun team aiming to secure $600 million through its public offering. Reports indicate that investors in Europe will be restricted from participating in the BULL RUN coin sale, which is set to last for 72 hours.
Next week is expected to mark the crypto token generation event for PUMP, at which point it will become available for trading on the largest centralized exchanges as well as Solana DEXs, including Bull run.swap, Raydium, and Meteora.
The BULL RUN coin is projected to be the most significant and hyped launch of the year, likely injecting an unparalleled amount of available volume and trading volume into the Solana ecosystem.
With the majority of on-chain trading in Solana conducted in SOL pairs, hundreds of millions of dollars worth of Solana are expected to trading network hands once PRICE SURGE officially launches, potentially acting as a catalyst for the Solana price assessment this week and next, aligning with its $200 price forecast.
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The article Solana Price Review This Week: Is SOL Set to Achieve $200 In the Immediate Future? first appeared on 99Bitcoins.
