Solana Price Prediction: $4.4B Trading Volume Sends SOL Soaring – Can SOL Overtake Ethereum? 

Solana appears to be among the trades of choice amid a fresh wave of retail liquidity, surging 8% with 4.4 billion in volume as bullishness builds for the Solana price outlook.

The altcoin has gained 12% since the weekend in what now appears to be a lasting reversal, and a potential continuation of its mid-July bull run.

These gains follow news that Trump signed an executive order granting crypto assets access to the $9 trillion 401(k) investment market, with Solana likely to see adoption.

Speculators now anticipate up to three U.S. interest rate cuts before year-end, starting as early as September, with the potential to stimulate new inflows into risk assets like cryptocurrencies.

BREAKING:

THERE'S NOW 91.4% CHANCE OF A RATE CUT IN SEPTEMBER. pic.twitter.com/pUgcfI0KE2

The Solana price appears to have shaken off its downtrend, breaking out of the descending channel that defined its recent fall.

Post-breakout momentum, however, has started to stall, with resistance emerging at $180 as key indicators flash early warning signs.

The RSI has reversed sharply after touching the overbought threshold at 70, often signaling buyer exhaustion before a corrective pullback.

The MACD tells a similar story, flattening above the signal line, often an early sign of a short-term reversal on the 4-hour chart.

A retest of the channel’s upper resistance trendline as support, in line with the $175 resistance, could be the next step to find more level footing for continued upside.

From there, the Solana price can reattempt a breakout from a 7-month head and shoulder pattern.

Its neckline rests at $186, the key threshold for a move toward its previous all-time high at $297, representing a potential 75% gain from current prices.

While still far from the 5x needed to challenge ETH, fundamentals create a compelling argument.

While Ethereum has already tapped into TradFi markets through its approved spot ETF, Solana is still awaiting the SEC’s green light.

NEW: Bloomberg has placed a 90% approval odds for a $SOL ETF in 2025

Alt coin ETF summer with Solana leading the way? pic.twitter.com/XyKpa54WsE

The October 10 deadline for a potential spot SOL ETF, combined with possible 401(k) adoption and rate cuts as fuel for interest, could open the floodgates for massive TradFi demand.

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