Solana Price Outlook: ETF Hopes and Tariff Pause Drive 15% Rally Toward $129

Solana (SOL) staged a big comeback today, up 15% from the intraday low of $100 to $115. This was after former President Donald Trump said he would roll back global tariffs if re-elected which sent risk assets everywhere from stocks to crypto higher.

But SOL didn’t stop there. Hours after Trump’s announcement the market got another boost: Paul Atkins was confirmed as the new US SEC commissioner, a crypto friendly figure who is expected to fast track the approval of altcoin ETFs including one for Solana.

At the time of writing Solana is trading at $114 and holding onto gains and outperforming both Bitcoin and Ethereum over the last 24 hours according to CoinGecko.

Technical Analysis: $121.41 Breakout

Despite the bounce Solana is still below the downward trendline from late March which is the main hurdle to a confirmed breakout. The recent rally pushed SOL above the 50 period EMA at $111.87 which is a key sign of improving short term momentum.

• Current price: $114

• Key resistance: $121.41 – aligns with the trendline

• Support levels: $111.64 and $102.95

• RSI: 57 – Mildly bullish but not overbought

A break above $121.41 would be a technical shift and could open up $129.31. But rejection at this trendline could see SOL fall back to retest the support near $103 where the bounce started. Traders are watching this level closely as it will likely define Solana’s next move.

SEC Shakeup Spurs ETF Speculation

Market sentiment shifted further after Paul Atkins was appointed as the new SEC commissioner, a former commissioner known for his pro innovation stance. According to Polymarket, the odds of a Solana ETF by 2025 have surged to 81% which is injecting fresh optimism into the long term outlook.

An ETF would allow traditional investors to get exposure to SOL without managing wallets or on chain activity – just like the institutional inflows we saw after Bitcoin’s ETF was approved. This would provide more liquidity, less volatility and price discovery.

Can SOL hit $1,000? The Long Term Setup

Hitting $1,000 might sound crazy but analysts aren’t ruling it out. Solana’s fundamentals are still strong:

• DEX volumes over $1B/day

• 64%+ of supply staked

• Token unlocks slowing down

If the macro conditions stay favorable and a Solana ETF comes to market analysts think SOL could be on a path to $1,000 in the next year. NFTs, memecoins and enterprise adoption are all tailwinds for this case.

Bottom Line

• SOL up 15% on tariff rollback and ETF news.

• $121.41 is the level to watch; break above and $129 could be open.

• Paul Atkins at the SEC increases the chances of a Solana ETF.

• $1,000 target isn’t impossible but depends on institutional inflows and regulatory clarity.