- Solana’s Wyckoff phases have sparked a price rally, with analysts projecting a potential 157% rise in Phase E.
- Canary Capital’s ETF filing signals institutional confidence, adding weight to Solana’s growth and mainstream adoption.
- Grayscale’s Crypto 5 ETF further positions Solana among top digital assets, increasing institutional exposure.
Solana’s price action continues to make waves, with analysts noting significant technical patterns that align with the Wyckoff accumulation phases. Pseudonymous analyst Zyn has highlighted Solana’s movement through these phases, generating considerable interest from both traders and institutional investors. The focus on these phases provides a clearer view of Solana’s potential price trajectory, with experts suggesting that it could climb to as high as $500 in the long term.
The price journey began in March 2024 with Solana trading around $204, marking the start of Phase A. During this phase, the price dropped to $125 by July, setting the stage for the next move. In Phase B, which extended from July 2024, Solana saw a rally that brought its price to $293 before correcting sharply to $95 by April 2025. Analysts indicate that the upcoming Phase C could test previous support levels, potentially offering opportunities for further growth.
Source: TradingView
By September 2025, Phase D drove the price to $254, with current trading at around $194. Looking ahead, experts predict Phase E to spark a significant rally, with a potential 157% increase from the current level. This phase, according to the analysts, could propel Solana toward its long-term price target, possibly reaching $500.
Institutional Interest and the ETF Filings
Alongside Solana’s technical chart, institutional interest in the asset has increased. Canary Capital’s recent ETF filing adds another layer of credibility, marking one of the first significant steps to bring Solana into regulated investment products. The filing emphasizes staking and holding mechanisms, differentiating this ETF from traditional spot products. This move is seen as both a strategic initiative and an indicator of growing confidence in Solana’s ecosystem.
Moreover, Grayscale’s CoinDesk Crypto 5 ETF, which now includes Solana alongside top cryptocurrencies like Bitcoin and Ethereum, further strengthens Solana’s position in institutional markets. This shift from the GDLC fund to a regulated ETF is expected to provide broader exposure, attracting more institutional players to the Solana ecosystem. The growing ETF momentum could enhance investor confidence and foster more mainstream adoption in the coming years.
