Analyst predicts Solana hitting $2,700 by late 2025 as ETF approval odds reach 99%, driven by institutional inflows and bullish patterns.
A renowned market analyst has identified a breach from a cup and handle pattern, suggesting that the price of Solana may be on the brink of a parabolic bull run to $2,700. The analyst’s optimistic assessment is warranted as SOL continues to experience gains in tandem with the broader crypto market.
The price of Solana may be increased to $2,700 as a result of the Cup and Handle Breakout
Ali Martinez recently stated in a post on X that a 1,500% Solana rally to $2,700 is imminent due to the emergence of a massive pattern that has been in development since 2022. As per this analyst, this breakout was a sign that SOL was on the brink of “melting faces” by outperforming the rest of the market.
This cup and handle demonstrates that the Solana price has recently undergone a significant correction phase after the FTX collapse. The initial stage of this correction phase concluded in 2023, before the rally that propelled SOL to an all-time high price of $294 in January 2025. Nevertheless, the pattern’s handle was ultimately formed by a downward consolidation as traders began to sell at the peak.
The price tests the resistance of the falling channel, signaling the imminent commencement of a more substantial upward trend, as the downward consolidation concludes. The SOL price could reach the $2,700 level, which is the 161.8% Fibonacci level, as indicated by the profundity of this cup.
Nevertheless, the analyst’s favorable Solana price forecast must first contend with numerous obstacles, such as the previous high of $294 and another resistance at $787, before it can be realized. The 141.4% Fibonacci level of $1,314 is the other critical resistance.
The rally in SOL may be influenced by institutional interest, regulations, and ETF approval
Although the notion of a SOL price rally to $2,700 may appear unrealistic, there are numerous indicators that such an event could occur in the years ahead. One of these factors is the imminent approval of a spot SOL ETF. According to data from Polymarket, the probability of this product receiving regulatory approval before the end of 2025 is 99%.
The recent performance of the Rex Shares SOL staking ETF, which surpassed the XRP futures ETF on its first day of trading, indicates the significant demand that a spot SOL ETF will garner. At the time of publication, the ETF had accumulated a net value of $42 million, having been introduced earlier this month.
The ongoing surge of crypto treasuries has also impacted Solana, as DeFi Development Corp has become the largest SOL holder following its recent acquisition of over 153,000 tokens. If this buying activity persists, the Solana price may experience substantial gains in the future, which could propel it toward the $2,700 cup and handle target.
At the same time, the crypto market is abuzz with anticipation that the US House will enact the GENIUS Act and other crypto-friendly legislation, which will facilitate the adoption of the Solana token and blockchain. This could bolster the 1,500% SOL price rally to $2,700.
Consequently, although Martinez’s prediction of a Solana price rally to $2,700 may require months or even years to materialize, numerous bullish indicators suggest it is probable.
