The cryptocurrency market experienced significant momentum leading into mid-December, as Solana (SOL) extended its upward trend for the third consecutive day. While Bitcoin remained in a tight range around $90,500, Solana moved decisively in the right direction, adding 6% to reach a market cap of $185 billion.
This rally comes as over 6,000 attendees descend into Abu Dhabi for the flagship Solana Breakpoint conference running from Dec. 11 to 13, and amidst breaking news of major ETF filings. Solana emerged as the standout performer, demonstrating strong resilience and flashing bullish potential based on steady institutional inflows.
Why Is Solana Surging? ETF Filings and Breakpoint Fever
The primary catalyst for the current momentum is the buzzing development regarding spot ETFs. Global asset management giant Invesco has taken a decisive step by filing a Form 8-A with the U.S. Securities and Exchange Commission (SEC) for a Solana ETF.
In the world of finance, this document is typically filed immediately before a security is listed on an exchange, signaling that Invesco’s Solana ETF is not just a concept but is poised for an imminent launch.
"This filing is a critical signal, often the final step before a new security begins trading. For investors, this move could be the key to unlocking a new, regulated avenue for Solana exposure."
🚨 JUST IN: NEW $SOL ETF BY INVESCO/GALAXY FILES FORM 8-A WITH THE SEC— "ETF WILL GO LIVE THIS WEEK!"
— curb.sol (@CryptoCurb) December 10, 2025
#SOLANA ⚡️ pic.twitter.com/gYdHtvp4bE
Simultaneously, Franklin Templeton has launched its Solana ETF, bringing the ticker SOEZ to NYSE Arca and adding fresh Wall Street exposure to SOL. This fund is particularly notable because it includes staking rewards, giving investors a direct way to tap into Solana’s network growth.
LATEST: ⚡ Franklin Templeton has officially launched its Solana ETF on NYSE Arca under the ticker SOEZ, with the fund staking as much of its SOL "as is practicable." pic.twitter.com/qhRGeqOgWo
— CoinMarketCap (@CoinMarketCap) December 4, 2025
Institutional Confidence and Derivatives Market Data
Beyond the headlines, the on-chain and derivatives data paint a picture of aggressive institutional accumulation. Persistent inflows into Solana Exchange Traded Funds (ETFs) over the last four days suggest steady institutional confidence.
Key Derivatives Data:
- •Open Interest (OI): SOL futures Open Interest stands at $7.26 billion, up 2.89% over the last 24 hours.
- •Funding Rates: The OI-weighted funding rate stands at 0.0224%, indicating that buyers are paying a premium to hold long positions.
- •Long/Short Ratio: There has been a sharp increase in long positions to 52.55%, suggesting a bullish shift in the Solana derivatives market.
This increase in bullish bets aligns with a surge in open interest, indicating that investors are increasing their risk exposure in anticipation of further recovery.
Solana Price Prediction: Technical Analysis Reveals Breakout Potential
Technical analysis indicates that the Solana Price Prediction is increasingly bullish as the asset challenges key resistance levels. SOL is currently trading within a consolidation range of $121-$145. The recovery run is approaching the critical November 14 high at $145, which serves as the ceiling of this consolidation phase.
Technically, Solana is regaining strength as selling pressure wanes. The Relative Strength Index (RSI) on the daily chart is at 48, inching toward the midline, suggesting a decline in bearish pressure. Furthermore, the MACD histogram has turned positive (+1.52), signaling a momentum shift.
Forecast and Targets:
If Solana clears the $145 boundary, the Solana price prediction becomes aggressively bullish. The 50-day and 200-day Exponential Moving Averages (EMAs) at $152 and $172, respectively, could serve as immediate potential targets.
Analysts note that SOL has reclaimed its 20-day EMA and formed a "cup-and-handle" pattern, a classic bullish setup. Conversely, if the breakout fails, the key support for Solana lies at the $126 mark, followed by April’s low at $95.
Ecosystem Expands: SKR Airdrop and Cross-Chain Bridges
The rally is further supported by massive ecosystem growth and incentives announced just ahead of Breakpoint. Solana Mobile is launching its SKR token in January, introducing a new asset designed to power ownership and incentives across its mobile ecosystem.
The tokenomics are drawing significant retail attention:
- •Total Supply: 10 billion SKR tokens.
- •Allocation: 30% reserved for airdrops and unlocks.
The official Solana Mobile account confirmed the buzz surrounding the new token, which is expected to drive high engagement during the conference.
"Solana Mobile is launching its SKR token in January, introducing a new asset designed to power ownership, incentives, and activity across its growing mobile ecosystem."
Additionally, infrastructure developments are bridging liquidity gaps. Base has launched a Chainlink-secured bridge to Solana, enabling smooth cross-chain transfers.
"Builders can now integrate SOL and Solana assets directly into Base apps."
Base meets Solana. Connected by Chainlink. The Base-Solana Bridge is now live & secured by CCIP, unlocking native Solana asset support on Base and unified liquidity between both ecosystems. @Base 🤝 Chainlink 🤝 @Solana https://t.co/iaXe4GYDJx https://t.co/Zaf3SoPtpY pic.twitter.com/2SbI0P2oeO
— Chainlink (@chainlink) December 4, 2025
Broader Market Performance: Bitcoin and Macro Factors
While Solana is outperforming, the broader market remains cautious. Bitcoin is hovering in a tight range as the market awaits the FOMC rate decision, which will determine where the market goes from here.
However, the correlation between Bitcoin and Solana remains a critical factor. Historically, when the BTC/USD structure strengthens, the SOL price often reacts with amplified volatility. If Bitcoin breaks out following the FOMC decision, Solana could be positioned for one of its strongest short-term rallies in recent months.
Solana Price FAQ
Is the Invesco ETF approved yet? Invesco has filed Form 8-A, which is a registration form typically filed just before a security starts trading on an exchange. While this indicates a launch is imminent, the exact start date depends on the SEC’s final approval.
What is the next price target for Solana? According to the latest Solana price prediction, if the token stays above $130 and attempts a breakout above $145, analysts predict Solana could reach $150 and, from there, potentially $180.
Is Solana a good buy right now? Institutional metrics are positive. Short liquidations of $9.64 million over the last 24 hours outpace long liquidations, indicating buy-side dominance. Additionally, total value locked (TVL) has climbed 7% to $8.8 billion. However, investors should play it safe as the FOMC decision can create volatility.