Solana (SOL) has achieved positive price movement in recent days, with an increase of up to 7% due to momentum in demand for cryptocurrencies and institutional consumer transactions, as the open interest in Solana futures contracts rose to around $7.54 billion, reflecting increased activity among investors.

On the regulatory side, several entities such as Canary Marinade, 21Shares, and Bitwise have submitted amendments to the ETF files related to Solana to the U.S. Securities and Exchange Commission (SEC) in order to address the agency's questions, but it seems that the commission is taking a cautious approach, and the approval process may take some time.

On the technical front, the Solana Coalition – including the Solana Policy Institute, Orca, and Phantom – launched the "Project Open" initiative to provide a legal framework for updating U.S. regulatory rules to align with the nature of blockchain, clearly stating how protocols like Solana differ from traditional financial intermediaries.

Analysts have also recently mentioned the phrase "Solana Summer," referring to an expected summer season of growth, driven by increased network activity and the expansion of trading volumes on decentralized platforms (DeFi), with strong indicators of potential price breakthroughs near resistance and support levels (such as $140 and $150).

Overall, Solana is experiencing a mix of technical, regulatory, and fundamental momentum, which enhances optimism about the network's growth prospects.