Bullish June Outlook for Solana Supported by High ETF Hopes and a Key “Firedancer” Upgrade

Solana’s native cryptocurrency, SOL, has been the subject of bullish predictions since the beginning of 2025. Although the cryptocurrency has yet to rediscover last year’s bullish momentum, most analysts and prediction softwares believe SOL will push higher this year and potentially achieve new heights.

In the meantime, Solana suffered a notable pullback in the past few days, leading to a 16.5% collapse in price. The latest pullback plunged SOL into the daily support region around $140 after the price rose to $168 as of last Wednesday. The support level coincides with Solana’s 50% Fibonacci retracement from the latest significant rally.

Solana’s price action has been impressive in recent months. The token resumed an upward movement on April 7, 2025, after bouncing off a $95 yearly low.

That rally saw the scalability-focused cryptocurrency achieve a 99% profit in less than two months after SOL’s price reached $187 for the first time since February 2025.

Beyond the technical charts, several major fundamental developments are adding to Solana’s long-term bullish case.

Analysts and analysis softwares considered underlying developments within the blockchain project’s network to predict SOL’s future price. For instance, the DeFi Development Corporation (DFDV) has announced an equity line of credit agreement with RK Capital Management to raise $5 billion in sales of its shares to stack additional SOL. Analysts expect this development to boost Solana’s adoption.

In the meantime, Artificial Intelligence (AI) software ChatGPT predicts that SOL could hit $400 before the end of 2025. The intelligent software cited factors that could boost Solana’s adoption, including network innovation rollouts like Firedancer and Alpenglow and the tokenized asset initiatives via the R3 partnership.

Besides these innovations, an upcoming Solana ETF, which most analysts think is imminent, would boost SOL’s adoption. JP Morgan expects between $3 billion to $6 billion in inflows in the first year, which could spark an explosive surge in the Solana price.