Solana is surging to new heights in the cryptocurrency market. Analysts point to a bullish technical setup and VanEck’s proposed spot ETF filing as catalysts for this growth. Analyst Ali Martinez highlighted a rising triangle pattern near $200 resistance, suggesting potential upside following sustained buyer support since spring. He noted that if this structure breaks out, Solana could reach $360 within months. Meanwhile, the VanEck proposal for a JitoSOL ETF combines direct SOL exposure with staking rewards through liquid staking. The filing marks a significant step toward integrating DeFi innovation with traditional financial channels. Solana co-founder Anatoly Yakovenko envisions the blockchain as a future marketplace for global commerce. With these developments and its increasing adoption by institutional investors, Solana’s trajectory is attracting much attention in the crypto market.