Analysts and community members are buzzing about Solana’s potential price surge, fueled by robust app revenue and the upcoming launch of its first-ever spot ETF in Hong Kong. 4.83 million USD in daily app revenue puts Solana at the top of the blockchain landscape, with Binance Smart Chain and Hyperliquid L1 trailing behind. This performance has ignited excitement within the community as they believe it could drive a price recovery if trading volume increases in the coming weeks. 20-day moving average crossed below 50-day moving average on Solana’s daily chart, which some view as temporary weakness. However, Solana is currently holding near $190 support, and a clear move above $211 could signal a shift towards higher prices. Analysts believe a new driving force for the network is needed to accelerate this progress. The possibility of approval for a Solana ETF in the fourth quarter from financial institutions like 21Shares, combined with strong on-chain activity and app revenue, are fueling optimism about the coin’s future. Whether it reaches $260 will depend on how Solana handles current market pressure and investor responses to upcoming ETF launches.