After suffering a sharp downturn last week, Solana’s price has bounced back into positive territory as ETF optimism and fresh treasury purchases revive momentum.
Summary
- Solana price is up 6.6% on the day, now trading slightly above $205.
- VanEck recently updated its Solana Staking ETF filing as the SEC decision window nears.
- Corporate treasury bids for SOL are growing, with total holdings now surpassing 20 million.
- Solana’s RSI at 46.82 and CMF at +0.23 show improving momentum, though volume remains low and resistance sits at $210–$225.
Solana is showing signs of a rebound after the recent slide that drove prices below the $190 level. The token is up roughly 6.6% in the past 24 hours, trading at $205.36 at press time, according to data from crypto.news.
Though still well below its recent peak near $250, the latest price movement hints at a return of bullish sentiment for SOL (SOL). The recovery comes amid growing anticipation around Solana exchange-traded funds (ETFs), particularly with ongoing amendments by issuers as the SEC’s ruling edges closer.
Asset manager VanEck recently submitted an updated filing for a Solana Staking ETF with a proposed fee of 0.30%. This move has added to the optimism around potential approval, with the first SEC decision due by October 16, 2025. Several other spot Solana ETF applications are also under review, including proposals from Bitwise, Fidelity, Franklin Templeton, CoinShares, Grayscale, and VanEck.
Adding to the bullish momentum around SOL is increasing institutional interest. Solana treasury company Solmate recently announced a direct acquisition of $50 million worth of the token, building on the strategy it
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Author: Grace Abidemi
