Solana Aims for $360 as ETF Application and Positive Market Conditions Coincide
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 24 2025
VanEck's JitoSOL ETF Proposal: VanEck has filed for the first spot Solana ETF, named the JitoSOL ETF, which aims to combine direct SOL exposure with staking rewards through liquid staking.
Bullish Outlook on Solana: Analyst Ali Martinez highlights a bullish technical setup for Solana, noting a rising triangle pattern and key resistance at $200, with potential upside targets of $240, $280, and $360.
Solana's Market Positioning: Co-founder Anatoly Yakovenko envisions Solana as a future global marketplace, aiming to support large-scale commerce and digital interactions beyond just payments and applications.
Current Trading Status: As of the latest update, Solana is trading at approximately $205.84, reflecting a daily increase of 3.01%, indicating strong buyer support since spring.
About the author
Preview
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
