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SOL may be on the brink of a significant movement, with several ETF decisions anticipated by October 10, which could drive a bullish Solana price forecast exceeding $500 in the short term.
The likelihood of approval is now nearly 100%, and the market is already adjusting for what might be a transformative change.
NEW: @EricBalchunas & I are increasing our probabilities for the vast majority of the spot crypto ETF applications to 90% or above. Interaction from the SEC is a very encouraging indicator in our view pic.twitter.com/5dh8G8rK6Y
— James Seyffart (@JSeyff) June 20, 2025
The inaugural Solana spot ETF, introduced by REX-Osprey in July, was the first SEC-sanctioned product featuring built-in staking rewards, and it has accumulated over $400 million to date.
Currently, major firms such as Grayscale, Fidelity, Franklin Templeton, and VanEck are awaiting approvals for their own Solana ETF offerings, with decisions anticipated within the next 48 hours.
If granted approval, this could trigger a new influx of institutional investment into SOL, propelling its price upward.
Solana Price Forecast: SOL’s RSI Indicates Buy Signal as Price Surpasses $200
The daily chart indicates that Solana encountered significant resistance near $250 last month, yet the token appears poised to revisit that level as positive momentum has resumed.
The Relative Strength Index (RSI) has recently risen above its 14-day moving average – a movement typically regarded as a traditional buy signal.
$200 level will be a crucial support point to monitor. A robust rebound from that area would strengthen a bullish Solana price forecast and could initiate the next surge toward new all-time highs.
With macroeconomic conditions, market sentiment, and institutional inflows all appearing positive, the outlook for SOL seems increasingly promising.
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Simultaneously, top crypto presales are also benefiting from this momentum.
Pepenode ($PEPENODE) has successfully raised $1.7 million to develop its mine-to-earn (M2E) gaming platform, providing early investors an opportunity for substantial returns prior to the token’s listing on major exchanges.
Pepenode ($PEPENODE) Simplifies Mining Like Never Before
Pepenode ($PEPENODE) has transformed mining into an engaging game that requires no hardware but offers substantial rewards to early participants.
Rather than purchasing and waiting for the presale token to launch, users can earn $PEPENODE by establishing virtual mining nodes to start collecting rewards immediately.
To ascend the leaderboard, players can acquire additional rigs, enhance their setups, and engage in competitions.
Those who reach the top will qualify for appealing airdrops of tokens such as Fartcoin ($FARTCOIN) and Bonk ($BONK).
Moreover, the project incorporates a deflationary burn mechanism, where 70% of tokens spent on upgrades are permanently removed from circulation to decrease $PEPENODE’s supply.
To initiate your own virtual mining system and begin earning, simply visit the Pepenode official website and connect a compatible wallet (e.g. Best Wallet).
You can either exchange USDT or ETH for this presale token or opt to invest using a bank card instead.
The post Solana Price Prediction: ETF Approval Could Be Days Away – Countdown Begins for New Highs appeared first on Cryptonews.
