SOL Price Prediction: Analyzing the Path to $155 and Beyond

#SOL

• SOL trading above 20-day MA indicates bullish momentum
• Franklin Templeton ETF filing shows institutional confidence
• Technical setup supports move toward $152-$155 resistance zone

SOL Price Prediction

Technical Analysis: SOL Shows Bullish Momentum

According to BTCC financial analyst John, SOL is currently trading at $142.83, slightly above its 20-day moving average of $142.54, indicating potential upward momentum. The MACD reading of -3.66 suggests some bearish pressure in the short term, but the price holding above the middle Bollinger Band at $142.54 shows underlying strength. John notes that if SOL can break through the upper Bollinger Band at $164.86, it could signal a strong bullish breakout.

Mixed Sentiment with Institutional Support

BTCC financial analyst John highlights that while the 'Crypto Copilot' security incident creates some negative sentiment, the Franklin Templeton ETF filing demonstrates significant institutional confidence in Solana. John believes the technical prediction aligns with the positive institutional developments, suggesting that the security concerns are likely temporary while the ETF news provides substantial long-term support for SOL's price appreciation.

Factors Influencing SOL's Price

Malicious Chrome Extension 'Crypto Copilot' Secretly Steals From Solana Traders

A fraudulent Chrome extension dubbed 'Crypto Copilot' has been siphoning funds from Solana traders under the guise of a legitimate trading tool. Security researchers at Socket exposed the scam on November 25, 2024, revealing its operation since June 18, 2024—making it one of the longest-running crypto scams on Google’s Chrome Web Store.

The extension masquerades as a convenient trading assistant, enabling users to trade Solana tokens directly from Twitter feeds. However, it covertly diverts a portion of each transaction—0.0013 SOL or 0.05% of the trade amount, whichever is larger—to an attacker-controlled wallet (Bjeida13AjgPaUEU9xrh1iQMwxZC7QDdvSfg73oxQff7). The theft mechanism is sophisticated, leveraging Raydium, a legitimate Solana trading protocol, to mask its activities.

Despite its longevity, the scam has netted minimal gains due to low user adoption. The discovery underscores the persistent risks of malicious crypto tools in decentralized ecosystems.

Solana Price Prediction: SOL Eyes $152–$155 Liquidity After Reclaiming Mid-Range Support

Solana's price is gaining momentum as it approaches the $143–$145 resistance zone, a critical level that has capped upward moves during November's volatile trading. Trading at $142.92, SOL shows signs of a potential breakout, with analysts pointing to improving technical indicators and bullish sentiment.

Fresh_Fontana, a noted analyst, highlights SOL's reclaiming of key order blocks and interaction with bullish zones around $142–$144. The token's structure suggests compression beneath resistance, often a precursor to significant price movements. Higher lows and increasing volume further bolster the case for an impending breakout.

Franklin Templeton Files for Solana ETF, Signaling Institutional Confidence

Franklin Templeton, the $1.67 trillion asset management giant, has taken a decisive step toward launching a Solana ETF by filing SEC Form 8-A. This regulatory move could provide traditional investors with a regulated gateway to gain exposure to SOL without direct cryptocurrency ownership—a testament to growing institutional acceptance of blockchain technology.

Solana's price action shows tentative signs of stabilization, trading at $136.37 with a 1.23% daily gain. The Relative Strength Index at 39.69 suggests selling pressure may be exhausting, though short-term consolidation remains likely. Technical analysts eye $142 as a critical breakout level that could propel SOL toward $188, while failure to hold support risks a retracement.

The ETF filing marks a watershed moment for Solana's institutional adoption trajectory. SEC approval would dramatically enhance liquidity and mainstream recognition for the high-performance blockchain, potentially mirroring the transformative impact of Bitcoin ETF approvals earlier this year.

How High Will SOL Price Go?

Based on current technical indicators and market developments, BTCC financial analyst John projects SOL could reach the $152-$155 range in the near term. The combination of technical positioning above key moving averages and strong institutional interest through the ETF filing creates favorable conditions for upward movement.