Solana Price Prediction: Bitwise CIO Says ‘Solana Season’ Is Just Weeks Away

Bitwise CIO Matt Hougan is asking for a “Solana Season” forward of October’s catalyst-heavy month, including weight to bullish Solana price predictions.

The tipping level, in accordance with Hougan, would be the October 10 deadline for spot Solana ETFs, when the SEC should both approve or deny issuers’ functions.

He likened the setup to Bitcoin and Ethereum, crediting ETP flows and company buys because the recipe that paved the best way for his or her present highs in a note revealed this week.

Market individuals are more and more assured that the altcoin may quickly acquire regulated publicity in TradFi markets.

Prediction markets are pricing in near 100% approval odds, bolstered by Dogecoin’s current ETF approval, seen by many as clearing the trail for much less speculative belongings like Solana.

Solana ETF approval odds. Source: Polymarket.

Hougan additionally highlighted a current company shift, with non-financial corporations more and more including crypto to their public treasuries, of which Solana has seen explicit momentum.

Corporate adoption provides one other tailwind. Non-financial corporations have begun integrating digital belongings into public treasuries, with Solana seeing explicit momentum.

Something which may speed up within the coming weeks with the U.S. CLARITY Act, which stands to unlock sidelined capital from establishments ready on regulatory clarity.

Solana is positioned for deeper integration into U.S. capital markets and mainstream stability sheets, setting the stage for parabolic momentum within the coming weeks.

Solana Price Prediction: How High Can SOL Go?

These stacking elementary catalysts may give SOL the push it wants to appreciate the total momentum of a rising wedge sample that has held for the reason that mid-April market backside.

SOL / USD 1-day chart, ascending wedge breakout. Source: TradingView.

The present each day candle will show decisive in whether or not a breakout or a correction is subsequent for Solana.

Momentum indicators again a bullish case. The RSI suggests there’s nonetheless room to run as 65, removed from the oversold threshold at 70 that usually marks rally tops.

The MACD has additionally confirmed a golden cross, widening its lead sign line after hovering indecisively above and under the sign line over the previous week.

This confirms the present uptrend has endurance, opening the doorways for a Solana worth rally to retest its early-year all-time high close to $300.

With this degree reclaimed as assist, the door opens for brand spanking new worth discovery with little historic assist to restrict upside, setting sights on the patterns projected $400 goal for an 85% acquire.

As the bull market matures, momentum may carry additional. Greater TradFi demand from potential Solana ETF approval in October may push the Solana worth to $1,000, marking a 380% acquire.

Solana Won’t Benefit the Most From a Solana Season

With U.S. rates of interest anticipated to fall by as a lot as 75 foundation factors earlier than year-end, danger urge for food is climbing.

That units the stage for a fair stronger altcoin rally as capital rotates into higher-risk, higher-reward performs.

Few stand to profit as a lot because the low-cap meme cash in Solana’s ecosystem. There’s a purpose it coined the time period “meme coin mania,” it has a fame for printing 10x–1000x positive aspects.

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