Solana ($SOL) is approaching an important moment, with bullish catalysts like ETF speculation and key trendline tests fueling a potential surge toward $180–$200.

The Solana price is heating up as a perfect storm of bullish catalysts builds momentum. A key trendline test that has historically triggered rallies of about 30% is once again in play. With SOL holding this crucial level, many traders are bracing for a potential breakout.

At the same time, speculation around a possible strategic reserve asset, a Solana ETF, and growth in the real-world asset (RWA) sector, has institutional investors eyeing the next big opportunity. If momentum aligns with historical trends, SOL could be on track for a surge toward $180–$200.

Solana’s Make-or-Break Moment: Is a Parabolic Rally Incoming?

Solana’s price action is flashing major bullish signals, and top analyst Coinvo believes a breakout is just around the corner. The chart below reveals a crucial trendline that has historically triggered explosive rallies, with past reactions leading to price spikes of even 20-30%. With Solana again testing this critical level, the next big move could be imminent. Adding to the bullish momentum, speculation around a Solana ETF continues to build, with analysts predicting that approval could send Solana price soaring past its previous all-time highs.

Solana price is projected to target $180 to $200 if momentum aligns with historical trends. Source: Coinvo via X

But it’s not just the technicals pointing to a breakout. Trump’s growing interest in crypto, including his administration’s openness to adding US-based coins to the strategic exchange reserve, could be a game changer for Solana. Even more notably, Trump’s own meme coin launched on the Solana blockchain, signaling a vote of confidence in its speed and scalability.

ETF Bet: The Catalyst That Could Push $SOL to $200

In a post shared by Crypto Rand, momentum is building around Solana’s long-awaited ETF approval, with prediction markets now pricing a 90% chance of it becoming a reality. If approved, this could mark a turning point for $SOL, unlocking massive institutional investment and driving a new wave of adoption.

Solana ETF approval odds soar to 90%. Source: Crypto Rand via X

As Wall Street eyes crypto’s next big opportunity, a regulated Solana ETF could inject billions into the ecosystem. If demand surges like it did with Bitcoin’s ETF, analysts believe $SOL could climb to $180–$200, mirroring past parabolic runs.

With institutional money piling in, DeFi growth accelerating, and Solana price predictions becoming increasingly bullish, the stage is set for a massive year ahead for Solana.

Solana’s Race for the $240T RWA Market

With the tokenized real-world asset (RWA) market potentially valued at $240 billion, the race is on to see which blockchain will capture the lion’s share. Crypto analyst SolanaNews.sol believes that the RWA market is likely to migrate to the Solana chain, as its blazing-fast transactions, near-zero fees, and unmatched scalability make it the ideal network for tokenizing assets on a massive scale.

Solana is emerging as a top blockchain for tokenizing real-world assets, poised to capture a share of the RWA market. Source: SolanaNews.sol via X

With institutional players actively exploring blockchain solutions, Solana is emerging as a top contender for handling real-world financial instruments like private credit, treasury bonds, and real estate. As adoption accelerates, this shift could position Solana at the forefront of the RWA revolution, unlocking unprecedented growth and solidifying its status as a leader in tokenized finance.

Solana Price Analysis

A top analyst, ElliotXSolana, believes Solana is approaching a crucial turning point, with the $109-$114 range emerging as a key area of interest. The recent a-b-c correction has brought Solana’s price into the 61.8%-88.7% Fibonacci retracement zone, a historically significant level where buyers have previously stepped in.

If SOL Solana price holds this zone, a short-term relief rally could push prices toward $135-$145, aligning with key resistance levels. However, if this support fails, it could confirm a steeper bearish continuation, with $105 or lower as the next downside target. With momentum resetting and price action tightening, traders are watching closely to see if Solana is gearing up for a strong rebound or bracing for another leg down.

The Elliott Wave pattern suggests Solana is on the edge of a bearish shift, with the next 24-48 hours being critical. Source: ElliotXSolana on TradingView

ElliotXSolana emphasizes that the next 24-48 hours will be pivotal for the SOL price trajectory. A breakdown below $105 could confirm full bearish control, potentially triggering a deeper correction. However, a strong bounce from this zone may signal a shift in momentum, setting the stage for a potential recovery. All eyes are now on Solana as it approaches this high-stakes decision point.

What Lies Ahead for SOL?

The Solana price is at a critical turning point, with ETF speculation and key technical levels setting the stage for its next big move. A breakout toward $200 is on the table, but if support fails, a deeper pullback could follow. The next 24-48 hours will be important for Solana’s price action.