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Solana $SOl Reclaims $150 Amid Bullish Momentum and ETF Optimism #Solana (SOL) has reclaimed the $150 level in the current session, gaining nearly 3% as it eyes a potential bullish breakout. After plunging to an intraday low of $140 on Wednesday, SOL found strong support near the 20-day Simple Moving Average (SMA), triggering a rebound above $150. On-chain indicators remain bullish, with Solana’s stablecoin market cap surging to $13 billion signaling increased network usage and growing investor interest. Investor sentiment received another boost following a Bloomberg Intelligence report suggesting a 90% likelihood of U.S. regulatory approval for a Solana spot ETF. This optimism is fueled by filings from six major asset managers Grayscale, VanEck, 21Shares, Canary, Bitwise, and Franklin who are seeking to launch SOL-based ETFs. Weekly Price Overview SOL began last week in negative territory, slipping nearly 1% to $137. However, it rebounded sharply on Tuesday, rallying almost 9% to close at $148. The bullish momentum continued on Wednesday, with a 1.59% gain taking SOL to $151. On Thursday, SOL dropped to an intraday low of $145 but bounced back, rising nearly 1% to reclaim $150 and settle at $152. Friday brought some weakness as SOL briefly touched $156 before losing steam, falling over 1% to close at $150. The bearish trend extended into the weekend, with SOL dipping 1.08% on Saturday and 0.84% on Sunday to settle at $148. The downtrend continued on Monday and Tuesday, with SOL dropping to $147 and then $146, respectively. On Wednesday, selling pressure pushed SOL to a weekly low of $140, but a quick rebound helped it close at $147, posting a modest 0.81% gain. In today’s session, SOL has climbed back to $151. If bulls maintain momentum and break past the $155 resistance zone, the next leg higher could take Solana toward $160 and beyond, especially amid strengthening fundamentals and growing ETF optimism.

⚡️LATEST: Solana led all blockchains in revenue generation for Q1 2025.

DeFi Development plans to raise $24M @defidevcorp (formerly Janover), a U.S.-listed company that adopted Solana ( $SOL ) as a strategic reserve asset recently, announced that it plans to raise a total of $24 million through private investment in public equity (PIPE). The company

Solana Surges 8% Despite Global Macro Tensions. Can It Hit $155 in Short-Term?

3/ Transfer volume: from $740B in Jan → $480B in April. Solana volume crashed (19% → 8%), while Bitcoin gained ground (29% → 37%). Tron and @ethereum stayed steady.