In the week ending June 30, 2025, Solana (SOL) saw a significant increase. It rose by 16.5%, closing at $158.12. This surge highlights Solana's strong performance among the top cryptocurrencies.
Bitcoin remained stable above $107,000, as traders watched macroeconomic data. The U.S. Securities and Exchange Commission (SEC) reviewed filings for Solana ETFs. Companies like Canary Capital amended their filings on June 13, 2025, but the SEC has not approved them yet. (Source: Reuters, June 13, 2025)
Technical indicators support Solana's price movement. The price is above both the 50-week and 200-week EMAs. The ADX is at 13, suggesting a strengthening trend. The RSI of 59 indicates moderate bullish momentum. The Squeeze Momentum Indicator has a 'Short' bias, suggesting potential volatility.