Overview

• The U.S. Securities and Exchange Commission has pushed its decision on Bitwise and 21Shares spot Solana ETFs to October 2025, a move analysts view as routine rather than a rejection.
• SOL is trading near $190–$195 and holding key yearly-open support between $185 and $195 while chartists note an ascending triangle that could spark a breakout through $210–$215.
• Analysts forecast that a decisive breach of resistance could send SOL to between $230 and $360 based on Fibonacci extensions and volume projections.
• Solana’s DeFi ecosystem has topped $11.24 billion in total value locked, driven by Kamino Finance, Jito Sol and Jupiter Exchange as wallets holding 10,000+ SOL reach an all-time high of 5,224.
• A recent rally triggered more than $30 million in short-position liquidations, removing bearish bets and potentially reinforcing further upward momentum.