Solana Nears $200 as ETF Delays and Meme Coin Momentum Shape Price Outlook

Solana's price is approaching $200 despite delays in spot ETF approvals, driven by a 6% weekend rally and rising meme coin activity. On-chain revenue from Solana surpassed the combined total of Ethereum and Binance Smart Chain over 24 hours. Analysts have identified bullish technical patterns, with potential breakout targets reaching $1,000. The surge reflects strong ecosystem engagement amid ongoing regulatory uncertainty.