Solana (CRYPTO:SOL) is gearing up for a potential price surge following the filing of the first spot Exchange Traded Fund (ETF) by VanEck with the Chicago Board Options Exchange (CBOE).

The Securities and Exchange Commission (SEC) has until mid-March 2025 to decide on these applications.

The MACD indicator shows a bullish crossover, indicating strengthening market recovery.

Solana's price, currently at $142, has tested $126 support multiple times.

If Solana flips $150 into support, it could rise further and recover recent losses. However, losing $126 support could send the price down to $100.