- Approval from SOL ETF rose to 87% after the debut of CME Sol Futures.
- Analyst predicted that the SOL price can be weeks or months.
On March 17, the CME (Chicago Mercantile Exchange) debuted the long -awaited Solana [SOL] Futures Trading, a movement analysts who are considered great for ETF approval opportunities.
The exchange offers Two Sol Futures products: a standard futures contract that represents 500 SOL and a ‘micro’ alternative with 25 Sol for each contract.
Solana ETF Opportunities
According to Mathew Sigel, head of Digital Assets Research at Vaneck, it was a ‘step closer’ for the likely American place ETF Greenlight. He stated”
“One considerable step closer to a sol ETF.”
Sigel, however, soon pointed out that although the CME Futures were not needed for ETF approval, it would still increase his opportunities.
“There is no need for CME Futures to mention an ETF; But it still helps. “
On the polymarket of the prediction site, the chances From SOL ETF approval in 2025 rose from 81% to 88% after the launch.
That said, the debut made Sol the third cryptocurrency to act on cme -futures after bitcoin [BTC] and Ethereum [ETH]. For his part, Giovanni Vicioso, CME Group’s head of cryptocurrency products, said, said,
“As Solana continues to evolve towards the favorite platform for developers and investors, these new futures contracts offer a capital-efficient tool to support their investment and covering strategies.”
Sol’s likely price range
Despite the bullish updates, the Sol price can remain stuck in the medium term. According to Crypto Trader, Cryyp NuevoSol could fluctuate between $ 120 – $ 175 if BTC is above $ 77k.
“We will probably spend a few weeks or even a few months, ranging here between $ 120- $ 175 If BTC holds the 1w50ema $ 77k.”
Source: X
Nuevo even warned that the downward risk could not be overrun, especially a dip below $ 100 as Bitcoin -Dominance higher climbed to 63% and higher.
“It feels pretty vulnerable at the moment, in the way BTC.d is pumping to 63% -64% simultaneously when BTC falls back to $ 77k, then Sol can easily reach so low and even show a few hours/few days <$ 100."
Source: Santiment
The Bearish Grip on SOL markets was also clearly due to the weighted sentiment, which the majority of the Q1 2025 was exaggerated.
In the meantime, considerable liquidity was higher than $ 130 (bright yellow area) when traders opened Shorts around the level. This can attract price promotion in the short term in the case of a liquidity -driven pump.
Source: Coinglass
