Solana Price Prediction: SOL Eyes $241 Amid ETF Hopes and Bullish Breakout From $145 Base

Solana (SOL) is stabilizing around $145.84 after a big drop tied to the broader crypto market weakness caused by the rising geopolitical...

Written by: Arslan Butt • Saturday, June 14, 2025 • 2 min read

• Last updated: Saturday, June 14, 2025

Quick overview

Solana (SOL) is currently stabilizing around $145.84 after a significant drop due to broader crypto market weakness and geopolitical tensions.
The token is forming a potential double-bottom pattern with a neckline at $168, which could lead to a breakout target of $241 if it clears $160.
Short-term sentiment remains fragile, but the anticipation of a US-listed Solana ETF has boosted long-term interest, with a 90% probability of SEC approval.
SOL has demonstrated resilience in past market downturns, and if key support levels hold, it could challenge higher price targets.

Solana (SOL) is stabilizing around $145.84 after a big drop tied to the broader crypto market weakness caused by the rising geopolitical tensions. The drop followed the global risk-off sentiment but coincided with a critical support zone around $141.56 – the second leg of a potential double-bottom.

Technically this double-bottom is a trend reversal signal. The neckline is at $168 and a confirmed breakout could take it to $195 based on the measured move. On a bigger picture, SOL is also forming a bullish flag – a continuation pattern – and if it clears $160, it could go even higher to $241. The target from this structure is $241.

The bias is still bullish unless it breaks below $120. A break below that would invalidate the breakout and expose the token to a deeper drop to $100.

Key levels:

Support base: $141.56

Neckline: $168

Flag breakout target: $241

Bearish invalidation: Below $120

ETF Hype Boosts Long-Term Outlook

Short term sentiment is still fragile but the anticipation of a US listed Solana ETF has lifted the long term interest. According to Polymarket data, traders now assign 90% probability to SEC approval – up from previous weeks.

This comes after Solid Intel confirmed that the Invesco Galaxy Solana ETF has been registered in Delaware – a first step towards SEC review. Analysts at JPMorgan predict $6 billion in inflows within a year of approval – almost double the $3.5 billion that has flowed into Ethereum ETFs since September 2023.

Solana Price Chart - Source: Tradingview — Solana Price Chart – Source: Tradingview

Solana’s History of Recovery Intact

SOL has shown resilience in past market shocks. After dropping to $95.4 in April, it bounced back 96% to $187. Even after the FTX collapse in 2022, Solana went from $9.10 to almost $300.

The funding rate has dropped to a monthly low of 0.009% – a sign of leveraged caution – but the price structure still suggests a breakout could trigger the momentum again. If the geopolitical risks ease and ETF speculation materializes, Solana might outperform peers in a risk-on environment.

Bottom line:

As long as key support holds and price climbs above $168, Solana remains positioned to challenge $195—and possibly $241—if ETF momentum translates into real inflows.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.