Solana (Sol) is the sixth largest cryptocurrency by market capitalization, with nearly 9% increase in the last 24 hours.
Solana prices have benefited from a recovery across the Cryptocurrency Market, and appear to have renewed optimism over the approval of the Solana ETF in the US following confirmation of Paul Atkins as SEC chair. At Polymarket, the odds for the 2025 Sol ETF approved bet are currently 76%. Over the past three months, the likelihood of approval has shifted 11% in favor of bulls, from about 65% on January 4th.
At the time of writing, Sol has risen 6% to $125 over the last 24 hours, surpassing the top 10 cryptocurrencies in daily profits. SOL is increasing weekly, up 4%. Solana has been steadily rebounding since April 7th when she found support at $95.16.
Here are the top trending tokens that are seeing an upward rise from the usual discussion levels on social media as the weekend begins:
🪙Ethereum $eth: The discussion revolves around Ethereum’s performance compared to Bitcoin and other cryptocurrencies. Many users are expressing pic.twitter.com/ikdspxet20
– santiment (@santimentfeed) April 12, 2025
After dipping on Thursday, Solana resumed rebounds on Friday, reaching an intraday high of $125.49 in the early trading session on Saturday.
Solana gains interest in the market
The Sol Price rebound is consistent with the overall positive shift in sentiment across the crypto market, along with several crypto tokens that have attracted interest in the market, including Solana.
As the weekend begins, Solana is one of the top trending tokens, seeing an increase from the usual discussion levels on social media, according to the on-chain analytics platform Santiment.
Santiment noted that as Solana’s conversations are increasing, it highlights the trading strategies, price movements and market analysis that Solana is involved in, indicating its importance in the current crypto landscape. Furthermore, Solana has been attracting attention as one of the leading Altcoins experiencing a surge.
If the current rebound is maintained, Solana will rise to 50-day SMA at $132.14, then $153. This view will be void in the short term if SOL prices drop sharply and fall below $110. Solana was then able to retest the lows of $95 on April 7th.
