• Solana ETFs’ launch has boosted institutional interest and market optimism.
• Bulls target $230 as SOL holds strong above the key $200 support zone.
• Technical analysis shows rising momentum with resistance near $216–$227.

The long-awaited Solana ETFs have finally been approved, sparking renewed optimism across the crypto market.

The ETFs’ approval has reignited bullish momentum, with analysts believing that the Solana price could soon rally toward $230 and beyond.

Solana ETFs debut fuels optimism

Bitwise and Canary Capital have confirmed that their individual Solana ETFs officially begin trading on October 28 after weeks of regulatory uncertainty.

Bitwise’s product, launched under the ticker BSOL, serves as a gateway for institutional exposure to Solana, featuring staking powered by Helius Labs and a temporary management fee waiver.

Introducing $BSOL — the Bitwise Solana Staking ETF. Starts trading tomorrow.

– First U.S. ETP to have 100% direct exposure to spot SOL
– Maximizing Solana’s 7%+ average staking reward rate*
– Targeting 100% of assets staked
– Staking through Bitwise Onchain Solutions, powered by… pic.twitter.com/Vo8Ko0qOCn

— Bitwise (@BitwiseInvest) October 27, 2025

Grayscale has also moved swiftly, converting its Solana Trust (GSOL) into an ETF holding over $105 million worth of SOL.

Meanwhile, VanEck has also filed its sixth S-1/A amendment, with its Solana ETF status officially changed to “effective” and a 0.3% management fee established.

Adding to the growing momentum, Hong Kong’s first Solana ETF also began trading on Monday, marking Asia’s initial entry into the Solana ETF landscape.

Despite this wave of institutional activity, retail demand for Solana remains subdued.

Futures open interest sits near $9.75 billion — up slightly from the previous day but still below the $10 billion mark — indicating that traders are cautious amid market volatility.

Even so, analysts believe the ETF launches signal a critical turning point for Solana, reinforcing its legitimacy as an institutional-grade digital asset and providing the foundation for its steady hold above $200.

Bulls take charge as momentum builds

While retail demand for Solana remains unresponsive, the Solana price has been climbing steadily from $190 to $205, with short positions fading quickly.

Analysts note that bearish volume profiles are weakening while liquidity accumulates at higher price levels.

This shift has tilted momentum firmly in favour of buyers, with several technical indicators confirming the strength of the ongoing rally.

On the 4-hour chart, Solana trades above both its 50-day and 200-day moving averages, reinforcing the bullish setup.

The Ichimoku Cloud analysis shows a clear breakout, with price holding above key support between $197 and $201 — a signal that often precedes extended upward moves.

The Relative Strength Index (RSI) also hovers near 62, leaving room for additional gains before overbought conditions emerge.

Analysts now eye resistance zones between $204 and $208, followed by key hurdles at $216, $227, and $230.

Notably, a confirmed close above $205 could trigger a sustained rally toward these upper levels.

If momentum continues, higher targets around $237 and $253 come into view, aligning with Fibonacci retracement levels that mark previous swing highs.

Technical patterns hint at a repeat of 2023

Market observers have compared the current structure of Solana’s price chart to its 2023 breakout phase.

Analysts such as GalaxyBTC point to an ascending triangle pattern forming on the weekly chart, defined by a series of higher lows that indicate strong accumulation.

$SOL

Same pattern as October 2023.

This Q4 we should break-out from the consolidation into new all-time-highs. pic.twitter.com/pIURlH1YUu

— Galaxy (@galaxyBTC) October 25, 2025

The critical support at $188 remains intact, representing the network’s largest volume cluster where many long-term holders entered the market.

A successful breakout above $200 would confirm the pattern and potentially lead to a test of $215 and $225, echoing the bullish behaviour seen two years ago.

The broader macro picture also appears supportive.

Some traders suggest that if the US Federal Reserve signals an end to quantitative tightening, it could inject much-needed liquidity into the market — providing another tailwind for Solana’s next leg higher.

Long-term outlook stays bullish

Even as short-term traders monitor resistance near $230, long-term analysts remain optimistic about Solana’s broader trajectory.

The asset has maintained a pattern of higher lows since early 2023, and its market structure mirrors the accumulation phase that preceded its previous bull run.

Projections place potential mid- to long-term targets around $300, $390, and even $520 if momentum and institutional demand persist.

In the near term, maintaining support between $198 and $200 is crucial.

If buyers continue to defend this zone, the Solana price could strengthen further, confirming its leadership among major altcoins.

As the first wave of Solana ETFs begins trading, the market’s sentiment has clearly shifted — bears are losing ground, and bulls now have their eyes fixed firmly on the $230 milestone.

The post First Solana ETFs approved: bulls regain control with eyes on $230 appeared first on CoinJournal.

• Reliance Global Group adds Solana to diversify its financial holdings.
• The company’s crypto portfolio includes exposure to Bitcoin, Ethereum, XRP and Cardano.
• Investing in Solana allows Reliance to proactively embrace blockchain innovation.

Reliance Global Group Inc. (NASDAQ: RELI) has expanded its cryptocurrency portfolio with the addition of Solana (SOL), marking another step in its ongoing digital asset treasury strategy.

The move positions the company among a growing list of publicly traded firms integrating blockchain-based assets into their corporate balance sheets.

The announcement, made on October 27, 2025, confirms that Reliance now holds five of the top ten cryptocurrencies by market capitalization — Bitcoin, Ethereum, Cardano, XRP, and Solana.

The addition underscores the company’s belief in the long-term potential of blockchain technology and its applications in both finance and enterprise innovation.

Reliance expands its Blockchain exposure

Reliance’s decision to purchase Solana represents a milestone in its broader digital asset diversification strategy.

The company described the acquisition as part of its disciplined approach to building exposure across major blockchain ecosystems.

“By adding Solana alongside Bitcoin, Ethereum, Cardano, and XRP, we continue to execute our disciplined strategy of diversifying across leading blockchain ecosystems,” said Moshe Fishman, a member of the Reliance Global Group Crypto Advisory Board and Director of Insurtech at Reliance. “Solana represents the next generation of blockchain performance — built for real-world adoption and institutional-scale applications.”

Solana, currently the sixth-largest cryptocurrency by market capitalization at over $110 billion, has become increasingly attractive to corporate treasuries and institutional investors.

Known for its hybrid Proof-of-Stake and Proof-of-History consensus mechanisms, Solana can process over 65,000 transactions per second, with blocks confirming in about 400 milliseconds.

The blockchain’s scalability and efficiency have made it a favored platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications.

Fishman noted that expanding into Solana aligns with Reliance’s commitment to innovation while maintaining a balanced approach to governance, security, and compliance.

Institutional interest in Solana grows

Solana’s inclusion in Reliance’s treasury comes amid growing institutional and corporate interest in the blockchain.

Its expanding ecosystem — spanning DeFi protocols, tokenized real-world assets, and NFT platforms — continues to drive adoption.

Market analysts point to the increasing appeal of Solana as a potential treasury asset, bolstered by the anticipation of regulatory approval for spot Solana exchange-traded funds (ETFs).

The token traded near $200 on October 27, reflecting broader optimism surrounding blockchain utility and scalability.

Reliance’s move follows similar announcements by other public companies in recent months, as corporate treasuries diversify away from traditional assets to hedge against inflation and capture long-term value in digital markets.

Solana treasury companies

The addition of Solana to Reliance Global Group’s treasury is a strategic effort that many other public companies have tapped into across the market.

SOL’s price has largely benefited from the sentiment around these efforts.

While DeFi, NFTs and RWA traction stands out, Solana’s native token has received notable upside momentum from the growing treasury asset plays.

Forward Industries, Solana Company, Upexi, DeFi Development Corp, Sol Strategies and Sharps Technology are among the top SOL treasury companies.

Data from CoinGecko shows the 10 leading public companies cumulatively hold over 15.7 million SOL, currently worth over $3.18 billion.

The post Solana boost as Reliance adds SOL to treasury holdings appeared first on CoinJournal.

• The Launchpad has purchased a thriving multi-chain trading terminal.
• The alliance merges Padre’s high-speed execution and Pump.fun’s user-friendly platform.
• PUMP has gained over 11% amid the news.

Cryptocurrencies maintained mild bullishness on Friday as Trump pardoned Changpeng Zhao, and JPMorgan introduced BTC and ETH collateral fueling momentum.

The global crypto market capitalization saw a modest 0.8% hours to $3.73 trillion.

As altcoins displayed mixed performance, Pump.fun’s native coin stole the show with an impressive jump.

PUMP increased from $0.003757 low on its daily chart to a $0.004179 intraday peak – an 11.23% uptick.

The digital coin’s bullish momentum coincides with an optimistic announcement from the Launchpad.

The Solana-based token generator has confirmed buying PadreApp, a flourishing multi-chain trading terminal that supports Ethereum, Solana, Base, and BNB Chain.

Pump.fun’s team expressed excitement about the acquisition, stating:

The Padre team is exceptional builders who have been building in crypto for multiple cycles and have always put users first. With our resources and unique position as the most dominant and innovative Launchpad, Padre will be able to unlock more edge for traders than any competitor.

we're excited to announce that pump fun has acquired @PadreApp

Padre is an industry leading trading terminal which provides a seamless, high-speed trading experience with next level analytics for professional traders on Solana, BNB Chain, Base, and Ethereum L1

read more 👇 pic.twitter.com/Oq3EPuGjTk

— pump.fun (@pumpdotfun) October 24, 2025

Notably, the Padre App has gained traction for its high-speed trading performance, innovative analytics, and seamless user experience.

Such perks make the application a reliable tool for active traders, catering to experienced and new players.

Thus, the purchase positions Pump.fun to capture more engagement and trading volume, essential factors in the competitive blockchain industry.

Understanding PadreApp

PadreApp is a new entrant in the institutional-grade trading sector.

It has attracted a loyal community due to its innovativeness.

Pump.fun highlights the application’s competitive fees, cashback system, high-end user experience, support for traders, and advanced core technology.

why Padre?

despite Padre being one of the newest entrants in the pro-trading scene, they're already one of the most popular tools because of

– the best user experience
– most rewarding cashback & competitive fees
– best dedicated support for traders
– strongest core technology

— pump.fun (@pumpdotfun) October 24, 2025

According to the Pump.fun team:

Padre is an industry-leading trading terminal which provides a seamless, high-speed trading experience with next-level analytics for professional traders.

What’s next for PadreApp

Pump.fun declared that Padre will continue running as normal, enabling individuals to buy and sell assets on all leading DEXs and launchpads on Ethereum L1, Base, BNB Chain, and Solana.

Moreover, the application will maintain its ultra-fast shipping.

Meanwhile, users will experience various changes, including enhanced user experience for all coins launched on Pump.fun, magnified trading incentives, and improved speed and data.

Most importantly, the PADRE token will discontinue as it lacks utility on the platform.

The changes aim to advance Padre, making it a powerful tool for retail and professional traders within Pump.fun’s expanding ecosystem.

PUMP soars 11%

Pump.fun’s native token exhibited a bullish bias amidst the acquisition updates.

It is trading at $0.004016 after correcting from intraday highs.

While buyers dominate the short-term outlook, the 13% decline in 24-hour trading volume suggests weakness.

Thus, PUMP might erase the gains, especially as selling pressure overwhelms the broader market.

Technical indicators also suggest short-lived gains for PUMP.

The 1H Moving Average Convergence Divergence demonstrates buyer exhaustion as red histograms surface.

Moreover, the RSI suggests weak momentum.

Nevertheless, extended overall market recoveries will fuel continued PUMP rallies.

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