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 — Crypto Rover (@rovercrc) August 8, 2025 Solana Price Analysis: Can Solana Overtake Ethereum? The Solana price appears to have shaken off its downtrend, breaking out of the descending channel that defined its recent fall. SOL / USDT 4-hour chart, descending channel breakout feeds into a head and shoulder pattern. Source: TradingView, Binance. 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 $SOL ETF in 2025 Alt coin ETF summer with Solana leading the way? pic.twitter.com/XyKpa54WsE — CryptosRus (@CryptosR_Us) June 12, 2025 The October 10 deadline for a potential spot SOL ETF, combined with possible 401(k) adoption and rate cuts as fuel for interest, could open the floodgates for massive TradFi demand. The Solana Ecosystem Holds Higher Gain Opportunities In crypto, speed matters, and Snorter ($SNORT) is built to help everyday users move faster and smarter. Unlike most meme coins, Snorter actually does something useful. It connects directly with Telegram , so you can check prices, get alerts, and even trade tokens without switching apps. You don’t need to be an expert to use it. Snorter makes it easy to spot new opportunities , follow successful traders , and avoid shady projects with built-in scam detection . Whether you’re just getting started or already deep into crypto, Snorter gives you the tools to stay ahead – all in one simple, easy-to-use platform. With its presale already gaining traction, this is one project you won’t want to ignore. Snorter Bot vs. other popular trading bots. The project is off to a strong start— $SNORT has already raised almost $2.5 million in its initial presale weeks, likely driven by its high 151% APY on staking to rewards early investors. You can keep up with Snorter on X , Instagram , or join the presale on the Snorter website . Click Here to Participate in the Presale The post Solana Price Prediction: $4.4B Trading Volume Sends SOL Soaring – Can SOL Overtake Ethereum? appeared first on Cryptonews .
