Key Insights:
- Solana’s price rally ahead of the ETF approval deadline; analysts give it a 95% chance of approval.
- SolidTradesz predicted Solana could reach $500. His analysis is based on past fractals resembling BNB’s 2021 rally.
- Moreover, a Nasdaq-listed firm purchases $530M worth of SOL, bolstering Solana’s institutional credibility.
Solana price gains renewed strength amid anticipation of its spot ETF approval this week. Analysts expect the SEC’s final decision, scheduled for October 10, 2025, to be a turning point for SOL’s subsequent rally.
The combination of whale buying, bullish chart patterns, and massive treasury accumulation has set the stage for an explosive Q4.
ETF Approval Could Push Solana Price Surge
Crypto analyst Lark Davis stated that the decision on the Solana ETF is only four days away. He believed the odds of approval are high at 95%, one of the strongest probabilities for major altcoins.
According to Davis, this ETF decision could be Solana’s biggest market catalyst in 2025. Grayscale, VanEck, and Franklin Templeton have submitted filings. These filings show that major funds are preparing their exposure channels.
The goal is to attract institutional investors. Davis stressed that approval could echo Bitcoin’s early-year rocketship as its ETF debut spurred billions of inflows.
The SEC reportedly views SOL price as a “likely commodity.” This classification could simplify future regulatory treatment. It also boosts the chances of harmonization across financial frameworks.
If confirmed, the ETF would place Solana in the top tier of digital assets available to traditional investors. Davis added that once institutional liquidity enters, the Solana price could accelerate toward the $300 zone within weeks.
Solana Price Could Mirror BNB $500 Breakout
Meanwhile, analyst SolidTradesz conducted a comparative chart structure analysis of Solana and Binance Coin’s breakouts in 2021. His fractal analysis indicated similar price movements before parabolic expansion.
This projects the SOL price at $500 in Q4 2025. The chart has shown both tokens forming similar rounded bases before surges of strength going up.
SolidTradesz believes that the Solana price is entering an acceleration phase. He compares it to BNB’s setup before its rally past $600. If history repeats itself, SOL price could reach the $500 region faster than expected.
He noted that macro sentiment is bullish for risk assets. ETF narratives are now playing a bigger role in guiding institutional investor decisions. For him, a confirmation of a bullish continuation structure is a price level above $230.
The next impulse could occur once the SOL price breaks above the $250 resistance. An increase in derivatives volume and whale positioning accompanied it.
Nasdaq Company Piles $530M in Solana Treasury
A report from Whale Insider revealed that a Nasdaq-listed company, Solana, purchased $530M worth of SOL for its treasury reserves. The news highlighted increasing institutional confidence in Solana as a long-term blockchain asset.
Interestingly, the timing of the purchase, within days of the ETF deadline, implies confidence in the regulatory results. Such treasury allocations are reminiscent of early Bitcoin accumulation waves by corporations like MicroStrategy and Tesla.
This purchase positions Solana as one of the few non-Bitcoin blockchains with exposure to corporate treasuries. Whale Insider believes this may signal a broader trend. Listed companies could start diversifying into digital assets with solid fundamentals.
If the ETF gets approved, more acquisitions could follow. This may lead to steady support for the Solana price driven by institutional demand.
Solana Regains Uptrend Channel Before Breakout
Meanwhile, analyst Zia ul Haque pointed out Solana’s reclaim of its main ascending channel after a temporary breakdown. The 4-hour chart shows SOL price hovering around $235.55. It has been forming higher lows in a clear uptrend since mid-August.
Zia said reclaiming the trendline is crucial to maintaining momentum and reaching new highs. Resistance zones are found near $250, then $280, and $320. These are Fibonacci extensions of the last leg of the trend.
His analysis indicated that buyers are still defending the $196 and $156 supports. They are solid demand areas. Zia expects the Solana price to break its resistance if the ETF is approved this week. This could trigger a move into a new all-time-high phase.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
