From a technical perspective, SOL has been on a three-line multi-row for about ten days. Yesterday, it broke below the 5-day and 10-day lines, ultimately finding support at the quarterly line. Today, it has risen by 4.5%. If it can effectively stabilize above 146, it will advance to 154. It is showing an upward 📈 trend.

On the fundamental side, according to Cointelegraph, Bloomberg

Intelligence has raised the probability of Solana ETF being approved in 2025 to 90%. The approval probabilities for other altcoin ETFs, such as XRP and Dogecoin, have also been increased.

As of April 30, six asset management companies, including Grayscale, VanEck, and 21Shares, are waiting for the U.S. Securities and Exchange Commission (SEC) to approve the Solana ETF. The ETFs for XRP and DOGE are also awaiting approval.

Since taking office in January, U.S. President Donald Trump has been working to ease the SEC's regulatory stance on cryptocurrencies. The Chicago Mercantile Exchange has listed Solana futures contracts, indicating that the approval of the Solana ETF may be imminent.

Therefore, SOL should have an exciting performance coming up!