Solana Price Prediction: Trader Thinks SOL Could Rise to $200 in July – Here’s Why

Solana (SOL) has gone down by nearly 21% in the past month as rising tensions in the Middle East triggered some selling pressure for cryptos.

After the cease-fire agreement between Iran and Israel, the token recovered some of the territory it had lost and now trades above a key support at $140.

Market participants are still cautious as the geopolitical conflict has not yet been fully resolved. However, some technical indicators seem to be pointing to an upcoming surge in the price of SOL.

Crypto trader Cipher X, whose X account is followed by more than 50,000 users, shared an interesting Solana price prediction that sees the price rising to $200 before the end of July as long as this key support holds.

He emphasized one key driver that could ignite the next leg up for this altcoin – the approval of a SOL-linked exchange-traded fund (ETF) in the United States.

According to wagers in Polymarket, the odds that a Solana ETF will be approved before the end of next month currently sit at 53%, which gives this event a slightly better chance than a coin toss.

However, when that period is extended to December 2025, the odds rise dramatically to 90%. So, Cipher X may not be necessarily right about the timeline but if SOL does get an ETF approved this year, this could trigger a rally to $200.

Solana Price Prediction: Daily Chart Confirms Relevance of $140 Support

Looking at the daily chart, the price action does seem to support the possibility of a new leg up for SOL in the near term if the $140 support holds.

The price bounced off $125 last weekend after the cease-fire and propelled the token above this critical threshold. Although SOL has encountered some selling pressure at these levels, there is still a chance for a rebound in the next 24 hours or so.

If this happens, we could witness a strong push toward $185 as this is the nearest point of interest for market participants in this higher time frame.

Another interesting catalyst that has aided Solana to make a new all-time high this year has been the huge success of meme coins like Official Trump (TRUMP) as these popular tokens boost the network’s transaction volumes.

However, spotting the most promising meme coins can be a daunting task. A new crypto presale aims to make things easier for investors, its name is Snorter (SNORT) – an advanced trading bot capable of sniping the best new tokens in the Solana ecosystem.

Snorter (SNORT) Surpasses $1M Just a Few Weeks After Its Presale Was Launched

Snorter (SNORT) is a sophisticated multichain trading bot that tracks the best meme coins on Solana, Ethereum, and BNB Chain with the help of some advanced algorithms.

It offers lower commissions per trade compared to other bots and protection against scams and rug pulls.

Investors can use limit orders with Snorter every time they get a signal from the bot to secure profits and lock in the best entries.

You will no longer need to spend hours and hours reading Reddit forums or going through X posts to snipe the best new meme coins. Snorter will do the heavy lifting for you and you can join the community by buying $SNORT at its discounted presale price of $0.0963.

To buy this token, head to the Snorter website and connect your wallet (e.g. Best Wallet). You can either swap USDT or SOL for SNORT or use a bank card to invest.

Alejandro Ar