Solana News Today: Price Jumps 5% as ETF Optimism & Whale Buying Fuel Rally 🚀
Solana (SOL) is once again in the spotlight after a sharp 5.39% price surge to $247.34, outpacing the broader crypto market’s 2.52% gain. The rally comes amid rising optimism around Solana ETFs, heavy whale accumulation, and a strong technical breakout — positioning SOL as one of today’s top-performing assets.
📈 ETF Hype and Institutional Inflows
ETF momentum builds: Bloomberg analysts now give 90% approval odds for a Solana spot ETF by late 2025 after the SEC engaged with issuers like VanEck and 21Shares.
The REX-Osprey SOL Staking ETF (SSK) launched on Sept 18 with $72M in inflows on day one.
Institutions like Forward Industries ($1.65B commitment), Pantera Capital, and Galaxy Digital ($306M combined buy) are fueling demand.
Total public treasury holdings of SOL now sit near 13.5M tokens, worth $3.32B.
🔎 Technical Breakout: Key Levels to Watch
SOL has broken above its 7-day SMA ($238.63) and reclaimed the 23.6% Fib retracement ($231.87).
MACD (+2.01) and RSI (74.7) show strong momentum, though approaching overbought.
Upside targets: $269 Fib extension, then $295 ATH resistance.
If $295 breaks, a cup-and-handle pattern points toward $540 long-term.
🚀 SOL vs BNB: Can History Repeat?
Analysts compare Solana’s setup to BNB’s breakout past $1000, which led to new all-time highs. If SOL follows a similar path, a 20%+ rally could push it beyond its previous ATH of $295 in the coming weeks.
✅ Key Takeaways
SOL up 5.39% in 24H, beating market average
ETF optimism: 90% approval odds by late 2025
Institutions accumulate $1.95B+ in fresh capital
Breakout levels: $269 → $295 → $540 (long-term)