Solana (SOL) Eyes $200 Amid Market Rebound and ETF Optimism

Solana (SOL), the sixth-largest cryptocurrency by market cap, is showing strong signs of recovery as investor sentiment improves. After dipping to a weekly low of $145.66, SOL rebounded to $150.03, up nearly 1% in the past 24 hours, according to CoinMarketCap. The asset has gained over 14% in the last seven days, rising from $133.66, signaling bullish momentum.

Despite the price increase, trading volume remains subdued—down 30.71% at $3.88 billion—indicating that investors are still cautious. However, optimism is growing due to a combination of macroeconomic shifts and regulatory developments.

Prominent trader DonAlt, not typically known as a Solana supporter, recently predicted SOL could hit $200, citing its potential to benefit from geopolitical market trends like U.S. trade tariffs. In addition, Solana is one of the top crypto assets awaiting ETF approval from the U.S. Securities and Exchange Commission (SEC). With a new SEC chair now in place, market participants are hopeful that long-pending applications could soon be reviewed, paving the way for increased institutional adoption.

Institutional interest appears to be on the rise, as evidenced by Cathie Wood’s ARK Invest making its first direct investment in Solana. Trader Peter Brandt also surprised the market by suggesting that Solana might eventually outperform Ethereum, adding to the bullish sentiment.

With strong ecosystem development, ETF prospects, and growing interest from major investors, Solana is positioning itself as a key player in the next phase of crypto market growth. If momentum continues, SOL’s path to $200 may become more realistic.