Solana is gearing up for several major upgrades scheduled for later this year, along with potential ETF approvals on the horizon.
Solana (SOL) has dropped 3% today to $151.69, as the broader crypto market reacts to rising geopolitical tensions amid the escalating Iran-Israel conflict.
SOL is down 4% over the past week and 11.5% in the last month. However, institutional interest in crypto seems to be making a comeback, with $1.9 billion in inflows recorded just last week — signaling potential momentum ahead.
With increasing speculation about a Solana ETF approval later this year, the long-term price outlook for SOL remains optimistic, pointing to significant upside once market uncertainties subside.
Solana Price Prediction: As Wall Street Rotates Into Alts, SOL Could Lead the Next Mega Rally
According to the latest CoinShares Digital Asset Fund Flows report, cryptocurrency funds saw net inflows exceeding $1.9 billion during the week ending June 16th.
The majority of these inflows—$1.3 billion—went to BTC-focused funds, with altcoins making up the rest.
Despite attracting just $1.26 million in inflows last week, Solana ranked fourth among altcoins, trailing Ethereum ($583 million), XRP ($11.8 million), and Sui ($3.5 million).
That said, Solana still holds the second-largest total assets under management (AUM) among altcoins at $1.39 billion, with XRP in third place at $1.25 billion.
This underscores Solana’s sustained popularity, and its current chart suggests it may be approaching a breakout.
Notably, Solana’s 30-day moving average (orange) recently dipped below its 200-day moving average (blue), signaling that the coin may be nearing a bottom.
Its Relative Strength Index (RSI) (purple) supports this outlook, having started to rise from a low earlier this month.
Given that Solana remains in an oversold condition and shows signs of a potential rebound, now could be an opportune time to buy.
Fundamentally, Solana stands out as one of the strongest altcoins, ranking second overall by total value locked (TVL) on its network.
Looking ahead, upcoming upgrades like Alpenglow and Firedancer, scheduled for later this year, are set to enhance Solana’s scalability and stability, further fueling its growth.
These improvements are expected to attract more institutional investment, with the potential approval of SOL ETFs likely to drive inflows even higher.
Considering these factors and steady institutional interest in SOL, the Solana price is poised to hit $200 by mid-July and potentially climb to $500 by year-end.
Solaxy Ready for One of the Biggest Token Launches of the Year: Next 100x Coin?
One key driver of Solana’s bullish outlook is its thriving ecosystem of Solana-based tokens, which includes everything from meme coins to more established altcoins.
Among the most notable newcomers is Solaxy (SOLX), a layer-two network that recently completed its presale, successfully raising an impressive $53.8 million.
Solaxy’s SOLX token is set to launch in just under seven days, but investors still have a final opportunity to purchase it below the expected listing price, currently available on Solaxy’s website for $0.001766.
The project’s strong fundraising success stems from its solid fundamentals, as Solaxy prepares to roll out a layer-two network for Solana.
This network will offer users lower transaction fees and faster confirmation times, helping to alleviate the delays and dropped transactions that can still affect the main Solana layer.
Additionally, Solaxy plans to launch its own token launchpad and decentralized exchange (DEX), positioning the layer-two solution as a key hub for trading activity.
As the native token of the network, SOLX will be used to cover transaction fees, and holders will have the option to stake it.
As mentioned earlier, SOLX is set to launch in just over six days, but latecomers can still purchase tokens now through the Solaxy website.
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