As of Might 21, 2025, the 4-hour chart of Solana (SOLUSD) on Coinbase exhibits the formation of a bullish flag sample. This technical setup developed after a pointy upward transfer, adopted by a downward-sloping consolidation vary drawn in purple.

A bullish flag is a continuation sample. It kinds when the price climbs rapidly (flagpole), consolidates in a downward channel (the flag), and sometimes breaks out to proceed its prior uptrend.

If the breakout confirms, Solana’s price may surge by roughly 29% from the present stage of $170.80. The projected goal stands at $220.01, primarily based on the peak of the flagpole added to the breakout level.

On the identical time, the 50-period Exponential Transferring Common (EMA) is positioned at $168.54. This EMA acts as a short-term dynamic help stage, and SOL is at present buying and selling above it.

In the meantime, the Relative Power Index (RSI), which measures momentum, reads 54.40. This worth is simply above the impartial 50 mark and signifies slight bullish power with out being overbought.

Quantity information additionally exhibits a decline through the flag formation. This habits is typical in such patterns and sometimes precedes a breakout when the quantity will increase once more.

If Solana breaks above the flag’s higher purple trendline with sturdy quantity, it might affirm the bullish flag and open the way in which towards the $220.01 goal.

Solana BBTrend Stays Bearish as Downward Momentum Persists

Menawhile,  Solana’s BBTrend (Bollinger Band Pattern) indicator stands at –4.31, exhibiting sturdy bearish momentum. That is the third day in a row that the indicator stays in detrimental territory.

The Bollinger Band Pattern measures the power and route of price motion in relation to the width of the Bollinger Bands. Bollinger Bands are volatility indicators that increase and contract primarily based on price fluctuations. When the BBTrend is above zero, it usually indicators bullish (upward) momentum. When it stays beneath zero, it signifies bearish (downward) momentum.

Proper now, the BBTrend for Solana is hovering round –4. This exhibits constant downward strain with no indicators of volatility increasing upward. The sample means that sellers nonetheless management the short-term development, and the price just isn’t gaining bullish power.

If the BBTrend continues at these ranges, Solana may stay in a sideways or downward section, until a pointy reversal pushes the indicator above zero. Merchants usually watch this indicator to evaluate whether or not a breakout is probably going or if the market will keep weak.

SEC Delays Solana ETF Resolution Once more, Cites Market Considerations

On Might 20, 2025, the USA Securities and Change Fee (SEC) delayed its choice on a number of Solana-based exchange-traded fund (ETF) purposes. Firms affected embrace Bitwise, VanEck, 21Shares, Canary Capital, and Constancy.

The SEC stated it wants extra time to evaluate whether or not Solana markets are secure for buyers and free from manipulation. Though the choice just isn’t a full rejection, it continues the SEC’s cautious strategy to approving crypto ETFs that don’t contain Bitcoin or Ethereum.

This newest delay exhibits that the SEC stays cautious relating to altcoin-based ETFs. The company defined that it wants to check authorized points, market construction, and the way effectively Solana’s buying and selling atmosphere can defend buyers from manipulation.

In contrast to Bitcoin and Ethereum, which have already obtained ETF approvals, Solana should clear a number of regulatory hurdles earlier than approval is feasible. The SEC has now opened a proper remark interval, asking the general public to share opinions on the pending Solana ETF proposals.

What’s Subsequent for the Solana ETF?

The SEC’s subsequent evaluate deadline is in July 2025. By then, ETF candidates are anticipated to submit extra information, suggest stronger monitoring programs, and current methods to scale back investor dangers. Nevertheless, there isn’t any assure the SEC will approve the purposes in July. The company could request extra particulars or delay the method once more.

Solana stays a prime altcoin with a quick and rising blockchain community. However earlier than it may enter conventional finance by way of an ETF, it should first move the SEC’s authorized and security checks.

For now, Solana stays within the regulatory ready room.

Solana Prepares for a Consensus Change with Alpenglow Innovation

Solana is ready to improve its community consensus with the introduction of Alpenglow. In a significant announcement on the Solana Speed up occasion on Might 19, 2025, research agency Anza revealed that Alpenglow will change Solana’s present hybrid system primarily based on Proof-of-Historical past and TowerBFT.

Transitioning to a brand new period, Alpenglow focuses on considerably growing consensus pace. The progressive protocol introduces two key elements: Votor and Rotor. Particularly, Votor will function the voting mechanism. It finalizes blocks primarily based on community participation – finalizing a couple of times relying on the out there stake. For instance, when 80% of the stake is obtainable, just one voting spherical is required, but when solely 60% participates, two rounds are required.

In the meantime, Rotor will improve information transmission throughout the community. In contrast to Solana’s earlier Turbine construction, Rotor will use single-layer nodes as a substitute of a multilayer tree configuration. This alteration is predicted to scale back the delays attributable to a number of information “hops” throughout block propagation.

Moreover, Alpenglow goals to scale back block finality time dramatically – reducing it from 12.8 seconds down to a median of 150 milliseconds. This enchancment implies that Solana can match, and even problem, the responsiveness of conventional Web2 infrastructures. Consequently, the community’s total pace and effectivity will enhance considerably.

As well as, Solana founder Anatoly Yakovenko praised the Alpenglow mannequin on social media, describing it as a “simple and elegant design that’s really easy to intuit.” His endorsement displays the sturdy confidence throughout the Solana neighborhood concerning this improve.

At present, the Alpenglow prototype is obtainable for testing. Trying forward, the brand new consensus mechanism might be built-in into the Solana testnet within the coming months. Nevertheless, a full mainnet improve will rely on a Solana Enchancment Doc (SIMD) proposal anticipated later this yr.

Total, Solana’s upcoming transition to Alpenglow marks a big step ahead. The community not solely bolsters its efficiency but in addition reinforces its dedication to innovation within the blockchain area.