Solana (SOL), the sixth-largest cryptocurrency by market capitalization, has elevated by almost 9% within the final 24 hours.
Solana’s worth seems to profit from the restoration throughout the cryptocurrency market and renewed optimism over a potential Solana ETF approval within the U.S. following Paul Atkins’ affirmation as SEC chair. On Polymarket, the betting odds for a SOL ETF approval in 2025 are at the moment 76%. During the last three months, the prospect of approval has shifted 11% in favor of the bulls, from roughly 65% on Jan. 4.
On the time of writing, SOL was up 6% within the final 24 hours to $125, outperforming the highest 10 cryptocurrencies in every day beneficial properties. SOL is growing weekly, up 4%. Solana has been in a gentle rebound since April 7, when it discovered help at $95.16.
🗣️ Because the weekend kicks off, the highest trending tokens seeing an uptick from their standard dialogue ranges of social media are:
🪙 Ethereum $ETH: Discussions have spiked revolving round Ethereum’s efficiency in comparison with Bitcoin and different cryptocurrencies. Many customers categorical… pic.twitter.com/IkdSpXET20
— Santiment (@santimentfeed) April 12, 2025
After a dip on Thursday, Solana resumed its rebound on Friday, reaching intraday highs of $125.49 within the early Saturday buying and selling session.
Solana beneficial properties curiosity in market
The rebound in SOL worth coincides with an general optimistic shift in sentiment throughout the crypto market with some crypto tokens attracting curiosity available in the market, together with Solana.
In line with on-chain analytics platform Santiment, because the weekend kicks off, Solana is among the many prime trending tokens seeing an uptick from standard dialogue ranges on social media.
Santiment famous that Solana conversations, that are on the rise, spotlight buying and selling methods, worth actions and market evaluation involving Solana, indicating its significance within the present crypto panorama. Moreover, Solana is famous as one of many main altcoins experiencing a surge, which contributes to its visibility and relevance in monetary discussions.
If the present rebound sustains, Solana could rise to the 50-day SMA at $132.14 after which to $153. This view shall be invalidated within the brief time period if the SOL worth turns down sharply and breaks beneath $110. Solana might then retest the April 7 intraday low of $95.
