Solana Price Prediction: Could SOL Become Next Ethereum of 2025?

Can Solana Really 10X? Solana Eyes Breakout as SEC Reviews ETF Filings

Could Solana (SOL) be up for the biggest breakout yet? With the U.S. SEC pushing ETF applicants to update their S-1 filings and chart analysts seeing a classic bullish setup, buzz is growing around Solana's potential to go 10X from current levels. Could this altcoin possibly achieve the historic rally Ethereum had and hit $1,000?

SEC Pushes for ETF S-1 Amendments, Sparks Investor Optimism

According to sources, the SEC has officially asked fund managers pursuing spot Solana ETFs for amended S-1s, saying they have the next seven days to submit them. The regulator will also issue comments on the amended filings within 30 days, putting aside the possibility of momentum toward the ETF approvals. This measure comes months following similar action on Bitcoin and Ethereum, leading many to speculate that altcoin might be next for institutional exposure.

Not that it kept the positive sentiment from enlisting it further. In the last 24 hours, altcoin rose above 4%, and traded near $165. With a fully diluted market cap of $100 billion and a $5.4 billion crock of high daily trading volume, SOL continues to prove to be liquid with strong investor interest.

On-Chain Metrics Strengthen Bullish Outlook

On-chain and derivatives data  also support the bullish sentiment. Solana derivatives volumes saw a meteoric rise of 41.12% to $18.18 billion, while open interest was up 8.62% to $7.44 billion—testimony enough to intensified trader conviction. Binance trader's long/short ratio is a strong 2.37+, and impulse-driven short liquidations were crossing $9.3 million for the past 24 hours.

The data-to-eye draws the following conclusion: upside bets from traders are aggressive while short-sellers are getting wiped out. Usually, setups of this kind become major rallies.

Source: CoinGlass

Solana Mirrors Ethereum’s Bullish Fractal: Cup-and-Handle in Play

As per prominent crypto analyst Ali, the chart is releasing strong insights of a cup-and-handle, which is widely regarded as one of the most reliable bullish continuation signals in technical analysis. The setup implies that if SOL can break above the key resistance of $200, a parabolic rally might just be around the corner.

Ali forecasts a 5X to 10X rally, with target price projections in the $1,000–$2,000 zones. This price action is quite happily the same as what Ethereum witnessed during its 2020–2021 bull run, which saw it rally from lower than $300 to more than $4,000.

But the question remains—can Solana truly 10X from here and become the next Ethereum in this cycle? All signs are starting to say yes.