Solana's Price Prospect: Will ETF Momentum and $197 Foundation Propel the Next Upsurge Beyond $215?

Solana, the high-performing blockchain network, has been generating significant buzz this year. Its on-chain performance, validating both demand for block space and real network activity, has been a testament to its growing popularity.

According to DeFi Dev Corp, Solana outperformed Ethereum in 2025, generating a revenue of $1.25 billion. This impressive figure underscores Solana's increasing relevance in the crypto landscape.

A critical support level for Solana has been identified at $197.64, based on realized price distribution data from Glassnode. This level, now also highlighted by analysts, is seen as a crucial point for Solana's price movement. If Bitcoin were to fall or Solana fails to hold above this level, a deeper retracement could be in play.

However, the alignment of adoption, on-chain growth, and the $197 support suggests that if price breaks above the $215 resistance, SOL could gain momentum for a meaningful rally. Analyst Slimm, however, warns of a potential head-and-shoulders setup on Solana's chart, with risks of a drop toward $170-$175 if the $197 support gives way.

The launch of Solana's first spot ETF with staking in Kazakhstan offers investors regulated access to SOL with an estimated 5.5%-7.5% staking yield. Freedom Finance, the company that released this ETF on the Astana International Exchange, is spearheading this initiative. The launch of new Solana ETFs continues to strengthen the bullish case for Solana.

The new Solana ETF could act as a major long-term trigger for Solana price prediction if the momentum continues. Solana's price is currently consolidating inside an ascending triangle, with price repeatedly testing resistance near the $210 to $215 zone. If Solana can push above this resistance with conviction, the alignment of technicals and on-chain activity suggests a sustained rally towards higher levels.

Interestingly, a large cluster of volume sits at the $197.64 level, indicating that many market participants entered positions here. Moreover, volume and open interest are trending higher, indicating that traders are actively positioning for a breakout.

The alignment of these factors suggests that Solana, currently the top-performing blockchain in terms of revenue generation, is poised for a significant move. As the trend of Solana ETFs becoming more common across different regions continues, signaling wider institutional access and global adoption, the stage is set for Solana's potential rally. However, it's crucial to remember that all investments carry risk, and it's essential to do thorough research before making any investment decisions.

Solana's Price Prospect: Will ETF Momentum and $197 Foundation Propel the Next Upsurge Beyond $215?