The post Solana Price Prediction: On-Chain Growth and Technicals Align for Next Bullish Leg Towards $259 appeared on BitcoinEthereumNews.com.

Solana holds firm above key support as large holders accumulate, with ETF delays doing little to shake its long-term bullish structure. After weeks of steady climbs, Solana is now holding firm around the $190 mark, a level that has flipped from stubborn resistance into solid support. The move comes as the SEC delays its decision on the Bitwise Spot Solana ETF, extending the wait but not dropping long-term optimism. SEC Delays Decision on Bitwise Spot Solana ETF The SEC has officially extended its review period for the Bitwise Spot Solana ETF application, meaning a final decision will take a little longer than initially expected. While this delay may pause immediate market reactions, it does not indicate a rejection; regulatory processes often involve additional review periods before an approval or denial is issued. Solana’s spot ETF decision faces an SEC delay. Source: SolanaFloor via X For Solana, the extended timeline simply pushes the potential milestone slightly further out, but expectations for a spot ETF remain intact. Historical trends with Bitcoin and Ethereum ETFs show that delays are a normal part of the process, often preceding eventual approvals. Investors and market watchers will now be watching closely for the new decision date, as it could still serve as a key catalyst for SOL’s next major move. Key Support Holds as Higher Targets Emerge For Solana The latest chart from analyst Ali Martinez shows Solana respecting a long-term ascending trendline that has been in place since early 2025. Price is currently consolidating just above the $195 to $200 zone, which also aligns with a key horizontal resistance-turned-support level. This structure is supported by a series of higher lows, suggesting that buying interest has remained consistent throughout the climb. Solana holds steady above the $195–$200 support zone, with higher lows signaling sustained bullish momentum.…

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Filed under: News - @ August 15, 2025 11:26 pm