Solana Price Could Rally to $210 as ETF Speculation Heats Up

In Brief

• Solana trades above $200 with analysts eyeing a potential move toward the $210 mark.
• Bitwise launches BSOL while VanEck advances Solana ETF filings, boosting investor optimism.
• Solana DApps generate $18M weekly revenue, led by Pump.fun and Axiom platforms.

Solana is showing renewed bullish strength as traders anticipate a possible rise toward the $210 level. The token is currently trading near $202.11 after breaking above the $195 resistance zone.

Analyst projections indicate that Solana could test the $210–$211 range before facing potential profit-taking pressure. A short-term pullback toward $195 or even $176–$180 could follow if momentum weakens.

The price structure on the 4-hour chart reflects strong bullish control driven by rising investor confidence. The upward move coincides with heightened optimism surrounding potential Solana ETF developments in the United States.

Derivatives market data supports this sentiment, with trading volume surging 45.32% to $21.36 billion and options volume jumping 351.76% to $2.7 million. Open interest remains firm at $9.75 billion, indicating sustained trader engagement and positioning.

ETF Developments and DApp Growth Strengthen Market Sentiment

ETF speculation has intensified after Bitwise announced the launch of BSOL, the first U.S. exchange-traded product offering 100% Solana exposure. The product will stake all SOL holdings in-house, enhancing returns through blockchain validation.

Meanwhile, VanEck filed an amended prospectus for its Solana ETF, confirming a 0.30% sponsor fee waiver for the first three months. The firm will seed 400,000 shares at $25 each, signalling readiness for potential approval.

Across derivatives platforms, traders remain bullish as Binance and OKX long/short ratios stand at 2.32 and 2.02 respectively. Liquidation data shows $9.31 million in long positions and $10.38 million in shorts, underscoring market balance.

Additionally, Solana’s ecosystem continues to expand, generating over $18 million in DApp revenue in the past week. Pump.fun and Axiom led contributions with $9.62 million and $3.73 million, respectively, reinforcing Solana’s growing on-chain activity and user engagement.