Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses below $165 and might decline further below $150. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $150 or $145. Solana Price Dips Heavily Solana price failed to remain stable above $180 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $175 and $165 support levels. The price gained bearish momentum below $160. A low was formed at $145, and the price is now consolidating losses. The price recovered a few points above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. Solana is now trading below $160 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $158 level. There is also a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair. The next major resistance is near the $162 level. The main resistance could be $166 and the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. A successful close above the $166 resistance zone could set the pace for another steady increase. The next key resistance is $175. Any more gains might send the price toward the $180 level. Another Decline In SOL? If SOL fails to rise above the $166 resistance, it could continue to move down. Initial support on the downside is near the $155 zone. The first major support is near the $150 level. A break below the $150 level might send the price toward the $145 support zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $150. Major Resistance Levels – $162 and $166.
Solana started a fresh decline below the $180 zone. SOL price is now consolidating losses below $175 and might decline further below $165. SOL price started a fresh decline below $180 and $175 against the US Dollar. The price is now trading below $175 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $191 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $165 or $162. Solana Price Dips Further Solana price failed to remain stable above $185 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $182 and $180 support levels. The price gained bearish momentum below $175. A low was formed at $163, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $188 swing high to the $163 low. Solana is now trading below $175 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $170 level. The next major resistance is near the $175 level or the 50% Fib retracement level of the downward move from the $188 swing high to the $163 low. The main resistance could be $182. A successful close above the $182 resistance zone could set the pace for another steady increase. The next key resistance is $190. There is also a key bearish trend line forming with resistance at $191 on the hourly chart of the SOL/USD pair. Any more gains might send the price toward the $200 level. Another Decline In SOL? If SOL fails to rise above the $175 resistance, it could continue to move down. Initial support on the downside is near the $165 zone. The first major support is near the $162 level. A break below the $162 level might send the price toward the $154 support zone. If there is a close below the $154 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $175 and $182.
Amid the market pullback, Solana (SOL) has hit a new local low after its price fell below a crucial support level for the first time in months. Some analysts have suggested that the altcoin is in a healthy retest of a key area, but others warned that the cryptocurrency risks another major correction if the current levels are also lost. Related Reading: Bitcoin Bull Run: Over Or Just Paused? CryptoQuant CEO Presents The Data Solana Risks 30% Correction On Monday, Solana recorded an 8.3% drop after losing the lower boundary of its three-month range. The cryptocurrency has been trading within the $175-$250 levels after the August breakout, hitting a multi-month high of $253 during the September rally. Since then, the altcoin has retraced nearly 35% to the current levels and failed to successfully reclaim the $200 psychological barrier despite multiple attempts. Following the early October correction, when SOL dropped to $168, the price has repeatedly retested the $170-$180 mark as support, bouncing from this area each time. Nonetheless, the recent market volatility, which sent Bitcoin (BTC) back to the $107,000 mark, has dragged Solana below its crucial support zone to a new local low of $165. Amid this performance, some analysts have suggested that SOL’s pullback may not be over, as the price risks another major correction. Analyst Ali Martinez highlighted the cryptocurrency’s macro range between $100-$260, emphasizing that Solana must reclaim $200 to show strength and potentially target the range highs. He previously affirmed that a confirmed breakdown from the $180 level would set the stage for further losses. Per the chart, the next support level sits around the $158 area, which marks the mid-zone of the macro range and a key support and resistance level throughout the early Q3 run and Last November’s breakout. However, the analyst considers that the next crucial support actually “sits much lower.” As he explained, if Solana fails to bounce from the current levels and reclaim $180, it could face a 30% pullback to $115. Meanwhile, analyst DonAlt affirmed that “It’s probably wise to have a bearish bias between here and $210 and then aggressively flip if SOL manages to flip the $210 resistance.” Investor Bet On SOL’s Long-Term Performance Despite the bearish outlooks, some have suggested that SOL is “showing a clean retest setup” within its long-term support. Trader Elite Crypto considers that SOL’s recent pullback “looks like a healthy correction after months of upward movement.” He noted that the cryptocurrency is still holding a major ascending support zone that has served as a crucial bounce point since 2023. Based on this, the market watcher expects Solana’s price to retest the $158 area before the next leg up. “Overall, I am still bullish on SOL,” he affirmed. Bitwise CEO Hunter Horsley suggested a bullish long-term performance for the leading altcoin. In an X post, he highlighted that the asset management firm “opened a bridge to Solana for many investors” with its recently launched SOL Staked Exchange-Traded Fund (ETF). Related Reading: Is Crypto ‘Boring’ Now? Bitwise CEO Says The Market Is Changing Notably, the second wave of crypto-based ETFs started trading last week, with the SOL-based investment product recording $400 million of inflows on its first four days. According to Bloomberg analyst Eric Balchunas, it led “all crypto ETPs by a country mile in weekly flows.” Horsley highlighted that “ETF investors tend to be long term oriented,” signaling that the cryptocurrency is expected to have an overall bullish performance in the future despite the current price action. As of this writing, SOL is trading at $167, a 17% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Solana started a fresh decline from the $188 zone. SOL price is now consolidating losses below $180 and might decline further below $175. SOL price started a fresh decline below $185 and $180 against the US Dollar. The price is now trading below $182 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls defend $175 or $172. Solana Price Dips Again Solana price extended gains above $180 and $182, like Bitcoin and Ethereum. SOL even surpassed $188 before the bears appeared. A high was formed near $189 and the price dropped. There was a move below $185 and $180. A low was formed at $176, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $188 swing high to the $176 low. Besides, there is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL/USD pair. Solana is now trading below $185 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $182 level or the 50% Fib retracement level of the downward move from the $188 swing high to the $176 low. The next major resistance is near the $185 level. The main resistance could be $188. A successful close above the $188 resistance zone could set the pace for another steady increase. The next key resistance is $192 and the trend line. Any more gains might send the price toward the $200 level. Downside Continuation In SOL? If SOL fails to rise above the $188 resistance, it could continue to move down. Initial support on the downside is near the $175 zone. The first major support is near the $172 level. A break below the $172 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $175 and $172. Major Resistance Levels – $188 and $192.
Solana (SOL) is presently priced around $186, after a rather turbulent display in the past week. While the leading altcoin notably showed a significantly volatile price action, bearish sentiments reigned supreme, resulting in a net 4.37% loss. Interestingly, popular expert Ali Martinez has highlighted a critical price level for Solana investors’ attention amid the current market uncertainty. Related Reading: Bitwise CIO Calls Solana An ‘Explosive’ Two-Way Bet: Here’s Why Bitwise Chief Investment Office To Fly Or Crash? Solana Future Rests On Key Price Point In a recent X post, Martinez dives into the present Solana market structure, highlighting several potential developments tied to the $180 price level. Notably, the daily chart reveals that Solana has been strictly trading in an ascending channel since May 2025, with zero deviations recorded. Importantly, the altcoin has been moving near the lower boundary of this channel, currently around $180, which acts as a pivotal support. This price point also aligns with the 200-day simple moving average, thereby reinforcing its validity. Furthermore, on-chain data from the leading analytics platform Glassnode shows that 24.5 million SOL were purchased at this level, reflecting a high market demand that will likely prevent further price incursion upon a retest. Looking at Martinez’s analysis, a consistent price hold above $180 retains the validity of the ascending channel and presents a setup for a potential price gain to $230, with further price targets at $290. However, if an overwhelming bearish pressure pushes Solana below $180, investors can expect a further decline to around $115, while a potential crash to $50 is also feasible. Therefore, Solana’s behavior at $180 presents a possible 56% gain or 72% loss from current market prices. Related Reading: Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis Solana Market Overview At press time, Solana (SOL) is trading at $185, up 4.57% over the past 24 hours. Despite the daily rebound, its monthly performance remains negative, with a 14.27% decline highlighting the broader weakness seen in the last week. In a notable development, Bitwise launched the first-ever Solana Spot ETF on the New York Stock Exchange (NYSE) this week, marking a major milestone for altcoins. The achievement was quickly followed by Grayscale, which introduced its own Grayscale Solana Trust, further signaling growing institutional interest in Solana. This week’s events represent a significant step toward broadening institutional access to Solana and other altcoins, paving the way for deeper market participation beyond Bitcoin and Ethereum. According to SoSoValue data, the two newly launched ETFs have already attracted strong demand, recording $154.73 million in net inflows and $439.97 million in net assets within the first three trading days. Meanwhile, several other Solana-linked ETFs are reportedly in the pipeline, including the Canary Solana ETF, VanEck Solana Trust, and CoinShares Solana ETF, all currently awaiting SEC approval. Featured image from iStock, chart from Tradingview
Solana failed to stay above $198 and corrected gains. SOL price is now trading below $195 and might find bids near the $188 zone. SOL price started a downside correction below $198 against the US Dollar. The price is now trading below $195 and the 100-hourly simple moving average. There is a declining channel forming with resistance at $200 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $188 zone. Solana Price Approaches Support Solana price failed to surpass $205 and started a downside correction, beating Bitcoin and Ethereum. SOL dipped below $200 and $198 to enter a short-term bearish zone. There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high. However, the bulls are active near the $192 support. Besides, there is a declining channel forming with resistance at $200 on the hourly chart of the SOL/USD pair. Solana is now trading below $195 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $220. Any more gains might send the price toward the $225 level. Downside Break In SOL? If SOL fails to rise above the $198 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level. A break below the $188 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $177 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $192 and $188. Major Resistance Levels – $198 and $200.
Following the recent launch of multiple crypto ETFs, Bitwise Asset Manager’s CIO has forecasted a bright future for the firm’s Solana Staking Exchange-Traded Fund (ETF), as investors show strong initial interest in the investment product. Related Reading: November Preview: Will Bitcoin Break The Cycle Or Repeat It? Bitwise Solana Staking ETF Sees Strong Start On Tuesday, Bitwise CIO Matt Hougan predicted that the Bitwise Solana Staking ETF (BSOL) could attract significant institutional interest and become one of the leading investment products based on digital assets. Hougan argued that Solana is “one of the most exciting crypto investment opportunities that exists today,” as it records “the most revenue of any blockchain.” He explained that institutional investors “love” both ETFs and revenue, which suggests that these investors will “love Solana ETFs.” Bitwise’s CIO previously pointed out that there must be fundamental reasons for investors’ interest in investment vehicles such as ETFs and Digital Asset Treasuries (DATs), signaling that Solana has them. Therefore, he has “a feeling the Bitwise Solana Staking ETF, BSOL, is gonna be huge.” Ahead of the launch, ETF Expert Eric Balchunas predicted that the first day volume for Bitwise’s Solana ETF could surpass the $50 million mark. Notably, the firm’s spot Bitcoin ETF (BITB) and spot Ethereum ETH (ETHW) recorded $237.9 million and $204 million on their first day, respectively. Hougan has highlighted that Solana’s market capitalization is 1/20th the size of BTC and less than 1/4th the size of ETH. Based on this, the volume for an SOL ETF is expected to be smaller than that of ETFs based on the two leading crypto assets. According to data shared by Balchunas, BSOL recorded an impressive volume of $10 million in the first 30 minutes of trading, hinting at initial demand. This amount surged to approximately $33 million by the half-day mark and hit $56 million by the end of its first trading day. According to the analyst, BSOL had a strong start, noting that its “$56m is the MOST of any launch this year.. More than XRPR, SSK, Ives and BMNU.” Crypto ETFs Launch Amid Government Shutdown BSOL was among the crypto ETFs launched on October 28 despite the US government shutdown. As reported by NewsBTC, Bitwise, for its Solana Staking ETF, and Canary Capital, for its spot Litecoin (LTC) and Hedera (HBAR) ETFs, filed 8-A forms on Monday to launch the investment products this week despite the government shutdown. Notably, the Securities and Exchange Commission (SEC) was set to approve over a dozen altcoin ETFs between October and November after delaying the decision deadline and releasing new generic listing standards for the products. Related Reading: Bitcoin Obsession Costs Saylor — S&P Tags Strategy As ‘Junk’ However, investors expected that the long-awaited green light would be delayed until the end of the government shutdown. Journalist Eleanor Terret explained that the launch was possible because an open government isn’t required and the 8-A filings are “just as important” as the S-1 forms, as they formally register ETF shares under the Securities Exchange Act of 1934. As a result, after the NYSE certified all the filings for the ETFs, they could start trading on Tuesday. Meanwhile, Grayscale’s Solana Trust (GSOL) will convert into an ETF on Wednesday. Featured Image from Unsplash.com, Chart from TradingView.com
Global financial services company Western Union is making a strategic move into the world of stablecoins, responding to the evolving landscape created by the recent passage of the GENIUS Act in the US. On Tuesday, the company announced its intention to launch the US Dollar Payment Token (USDPT), a new stablecoin, alongside its Digital Asset Network designed to integrate digital and fiat currencies. Western Union New USDPT Stablecoin Built on the Solana (SOL) blockchain and issued by Anchorage Digital Bank, USDPT aims to broaden the options for transferring money for customers, agents, and partners, while also bolstering Western Union’s treasury capabilities. Through this initiative, the company plans to provide users with access to digital assets, allowing them to send, receive, spend, and hold USDPT with ease, supported by Western Union’s global compliance and risk management framework. Related Reading: China Intensifies Crypto Crackdown With Latest Warning Against Stablecoins Devin McGranahan, President and CEO of Western Union, expressed the company’s commitment to harnessing emerging technologies to empower customers and communities. “As we transition into the digital asset space, USDPT will enable us to take ownership of the economics associated with stablecoins,” McGranahan stated. He also highlighted the significance of the Digital Asset Network, which aims to simplify cash off-ramps for digital assets by partnering with wallets and wallet providers, thereby allowing seamless access for customers via Western Union’s extensive global network. Western Union anticipates that USDPT will launch in the first half of 2026, with plans for users to access the stablecoin through partner exchanges, ensuring broad availability and user-friendliness. Stablecoins To Reduce Reliance On Traditional Banking During Western Union’s third quarter of the year earnings call last Thursday, McGranahan revealed that the company has initiated a pilot program utilizing stablecoins for value transfer. He noted that this pilot aims to leverage blockchain technology and stablecoins to decrease reliance on traditional correspondent banking systems, which will help shorten settlement times and enhance capital efficiency. Related Reading: The Next Chapter For Crypto: Legislative Clarity, Institutional Support Set Stage For Major Growth Historically, Western Union has maintained a cautious approach towards crypto, primarily due to concerns regarding volatility, regulatory challenges, and customer protection. However, with the enactment of the GENIUS Act, McGranahan indicated that new opportunities are emerging for integrating digital assets into the company’s operations, enhancing efficiency, reducing friction, and ultimately improving the customer experience. Western Union facilitates the transfer of billions of dollars annually, boasting a market capitalization of over $2.9 billion as of October 28, and generating more than $1 billion in adjusted revenue in the third quarter of the year alone. Despite the announcement, SOL’s price has failed to react positively, currently attempting to hold the $200 line as the cryptocurrency’s next short-term support. Featured image from DALL-E, chart from TradingView.com
Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192. SOL price started a downside correction below $200 against the US Dollar. The price is now trading below $198 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $192 zone. Solana Price Corrects Some Gains Solana price started a decent increase after it settled above the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $198 level to enter a short-term positive zone. The price even smashed the $200 resistance. A high was formed near $205 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high. Besides, there was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair. Solana is now trading below $198 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. More Losses In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $166 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $192 and $188. Major Resistance Levels – $200 and $205.
An analyst has explained how Solana could decide its next big move after rising to $210, the resistance level of a Parallel Channel. Solana Has Been Trading Inside A Parallel Channel Recently In a new post on X, analyst Ali Martinez has talked about how the trajectory of Solana is looking from the perspective of a technical analysis (TA) pattern. The pattern in question is a Parallel Channel, which forms whenever an asset’s price trades between two parallel trendlines. The upper line of the channel is considered a source of resistance, meaning that tops can be probable to appear on retests of it. Similarly, the lower level is assumed to provide support to the price, helping it to arrive at bottoms. A breakout of either of these bounds can signal a continuation of the trend in that direction. That is, a surge above the Parallel Channel can be a bullish signal, while a drop under it may lead to bearish action. There are a few different types of Parallel Channels, depending on how the channel is oriented with respect to the graph axes. Channels that have a positive slope are known as Ascending Channels, while those that slope downward are called Descending Channels. In the context of the current topic, the third and simplest type is the one of interest: a Parallel Channel that’s also parallel to the time-axis. This case corresponds to a phase of true sideways consolidation in the asset. Now, here is the chart shared by Martinez that shows the Parallel Channel that the 4-hour price of Solana has been stuck inside for the last couple of weeks: As displayed in the above graph, Solana retested the lower level of the Parallel Channel last week and successfully found support. The cryptocurrency has since been rising and nearing the resistance level, located at $210. Considering the coin’s current trajectory, the analyst has noted that its price may be heading for a retest at $210 before making its next big move. However, the direction of such a move, if one happens, remains uncertain. Given that the $210 level corresponds to the resistance line of the Parallel Channel, it’s possible that a retest could reject Solana all the way back down to the support level around $176. It’s also possible, though, that this retest could instead lead to a breakout. In this case, SOL could naturally see a sustained bullish push. It now remains to be seen which of the two scenarios will play out for the asset if the Parallel Channel holds and a retest takes place. SOL Price At the time of writing, Solana is floating around $200, up over 7.5% in the last seven days. Featured image from Dall-E, charts from TradingView.com
The Solana decentralized finance (DeFi) ecosystem just gained another powerful addition with the launch of SolsticeFi. This innovative new platform is poised to introduce a much-needed layer of risk-controlled yield generation, directly addressing one of the primary concerns for users venturing into the safety of their deposited capital. SolsticeFi is reimagining how investors earn on Solana by introducing a defensively engineered approach to yield, one that directly protects the value of user deposits. According to crypto commentator Madissa’s post on X, one of SolsticeFi’s most compelling features is its ability to allow users to continue earning staking rewards while keeping their assets liquid and usable across the broader DeFi ecosystem. How SolsticeFi Balances Risk While Generating Yield This innovation created continuous opportunities for user to deploy their capital in other protocols without interrupting their base yield, instead of locking up funds. SolsticeFi platform is designed to prioritize full transparency and validator diversification, minimizing exposure to single-validator risks and opaque yield platforms. Furthermore, depositing capital into SolsticeFi provides support for SOL’s network security while generating sustainable returns for users. Related Reading: Solana Stays Strong: Network Outperforms Rivals Amid AWS Outage Turmoil Crypto analyst Hokage has also mentioned how Solana is improving and completely revolutionizing financial transaction speeds in traditional finance (TraFi), where transfers take days, settlements drag, and middlemen slow everything down. SOL has changed the game by creating a new block every 400 milliseconds, and currently, the central to this acceleration is Bam, the new block assembly marketplace. This Bam will speed up how quickly user transaction gets picked up and integrated into a block, and slash inclusion times to an astonishing 50-100 milliseconds. Building on this is Alpenglow, which takes finality down to an incredible 100-150 milliseconds faster than a blink, and the point where the network confirms the user transaction is 100% done and irreversible. One project that stands out in these ultra-fast ecosystem steps is SolsticeFi’s USX, a stablecoin specifically built to move at that speed, which enables users to send dollars, deploy capital, and settle instantly. Hokage concluded that “while these advancements might sound like pure sci-fi, if you’ve been around the SOL ecosystem, you would know it’s not.” Market Confidence Returns To Solana While SolsticeFi provides speed and reduces risk to Solana yield platforms, KOLS Manager at Binance, investor, and trader BitGuru, has noted that SOL’s price is currently showing a strong bullish setup, after following a steady downtrend and now stabilizing near key support. Related Reading: Solana Pauses To Recharge – Will $195 Support Hold The Line For A Comeback? As a result of that action, the SOL market is now pulling back with considerable strength, aiming to break above the critical $210 resistance level, a zone that has capped multiple attempts at recovery. A decisive breakout above $210 would likely trigger SOL’s next leg higher toward $230 and beyond. Featured image from Adobe Stock, chart from Tradingview.com
Multiple crypto exchange-traded funds (ETFs) are set to launch this week despite the government shutdown, with investment products based on Solana (SOL), Litecoin (LTC), and Hedera (HBAR) seemingly ready to start trading as soon as Tuesday. Related Reading: Crypto Analyst Shows The Possibility Of The Ethereum Price Reaching $16,000 Big Week For Crypto ETFs On Sunday night, Nate Geraci affirmed that the next two weeks will be key for the long-awaited spot crypto-based ETFs as Solana, XRP, LTC, and other ETF filings are “all lined up & ready for launch.” Similarly, Bitwise CEO, Hunter Horsley, hinted that this week would be a “Big week,” suggesting progress related to its Solana Staking ETF. It’s worth noting that the crypto community has been awaiting the US Securities and Exchange Commission (SEC)’s approval of the investment products following the numerous ETF applications filed over the past few months. Between August and September, the regulatory agency postponed the decision deadline of most applications by two months, pushing back the key dates to mid-October and mid-November. However, the government’s shutdown, which started on October 1, reduced the odds of the products receiving a green line during the expected timeline. On Monday morning, ETF expert Erich Balchunas reported that multiple issuers were looking to launch their crypto-based ETFs this week, despite the government shutdown. According to the Bloomberg analyst, Canary Capital had filed 8-A forms for its spot Litecoin and Hedera ETFs, while Bitwise had filed one for its Solana Staking ETF. “These are the ones rumored to be poss looking to launch (along w Grayscale solana) this week despite shutdown. Not a done deal but clearly preparations being made. Stay tuned,” Balchunas stated. Solana, Litecoin, Hedera Products Take The Lead Later, Balchunas confirmed the reports that the exchange had posted listing notices for Bitwise’s Solana Staking ETF, and Canary’s LTC and HBAR ETFs to launch on October 28, while Grayscale’s Solana trust is set to convert on Wednesday. “Assuming there’s not some last min SEC intervention, looks like this is happening,” the analyst added. Crypto Journalist Eleanor Terret also shared the news, citing Canary’s CEO, Steven McClurg, who confirmed that the Canary spot HBAR and LTC ETFs will begin trading on Nasdaq on Tuesday. “Litecoin and Hedera are the next two token ETFs to go effective after Ethereum,” McClurg told the journalist in a statement. “We look forward to launching tomorrow.” Terret explained that despite the government shutdown, the launch is possible because “the operation of law does not always actually require an open government.” Related Reading: Ethereum Moves Higher — Buyers Strengthen Grip Amid Renewed Market Optimism According to the post, the 8-A forms are “just as important” as the S-1s filings: the former formally registers ETF shares under the Securities Exchange Act of 1934, while the latter registers the investment products under the Securities Exchange Act of 1933. After NYSE certified all the 8-A filings for the ETFs above on Monday, shares can start trading, Terret affirmed, adding: “Here’s the key: The issuers included language in their amended S-1s that lets them automatically go effective 20 days after filing. Typically, issuers delay S-1s until the SEC takes them effective, but the legal default is that the S-1 goes automatically effective without SEC intervention. That means the agency doesn’t need to approve them manually and the filings can go live on their own, even during the shutdown. So, long story short, all the legal boxes are checked and these ETFs are on track for launch.” Featured Image from Unsplash.com, Chart from TradingView.com
Solana started a fresh increase above the $200 zone. SOL price is now consolidating above $200 and might aim for more gains above the $208 zone. SOL price started a fresh upward move above the $188 and $195 levels against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $208 resistance zone. Solana Price Jumps Again Above $200 Solana price started a decent increase after it settled above the $180 zone, like Bitcoin and Ethereum. SOL climbed above the $188 level to enter a short-term positive zone. The price even smashed the $198 resistance. The bulls were able to push the price above $200. The price is now consolidating gains above the 23.6% Fib retracement level of the recent upward move from the $177 swing low to the $204 high. Solana is now trading above $200 and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $198 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $205. The next major resistance is near the $208 level. The main resistance could be $212. A successful close above the $212 resistance zone could set the pace for another steady increase. The next key resistance is $225. Any more gains might send the price toward the $232 level. Another Pullback In SOL? If SOL fails to rise above the $205 resistance, it could start another decline. Initial support on the downside is near the $198 zone and the trend line. The first major support is near the $192 level and the 50% Fib retracement level of the recent upward move from the $177 swing low to the $204 high. A break below the $192 level might send the price toward the $184 support zone. If there is a close below the $184 support, the price could decline toward the $180 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $198 and $184. Major Resistance Levels – $205 and $208.
Anatoly Yakovenko, co-founder CEO of Solana Labs, has unveiled plans for a new decentralized exchange (DEX) named Percolator, designed as a sharded perpetuals protocol built directly on the Solana blockchain. The platform aims to provide a self-custodial and high-speed solution for perpetual futures trading, allowing crypto traders to speculate on price movements without the limitation of expiry dates. Solana’s Percolator Documentation Released The documentation for Percolator was released on GitHub, where it is described as “implementation-ready.” It introduces two primary components: a Router and a Slab program. The Router manages collateral, portfolio margins, and cross-slab routing, while the Slab program functions as a matching engine overseen by liquidity providers (LPs). Each slab operates independently, enabling what Yakovenko refers to as “fully self-contained matching and settlement.” Related Reading: Analyst Uses AI To Show How The XRP Price Could Rally To $1,700 This design ensures that any issues arising from a particular slab do not affect users who have not interacted with it. Yakovenko emphasized the advantages of this architecture, stating: This design keeps each LP’s slab fully self-contained and innovable, while the Router guarantees atomic routing, portfolio netting, and capability-scoped safety. The project’s GitHub repository already shows completed data structures for order books and memory pools, although the development of liquidation systems is still in progress. However, no official launch date has been announced. Competition In Derivatives Market Intensifies Currently, the Solana Foundation has not disclosed whether Percolator will receive formal ecosystem support or if it will emerge as a community-driven protocol. Should it succeed, Percolator would add to the expanding repertoire of native financial primitives being developed on the Solana blockchain, which already includes decentralized options, lending protocols, and tokenized asset platforms. At present, the code for Percolator remains under review on GitHub, and developers engaged with the repository indicate that the project is “deep in testing.” This suggests that a launch could be imminent, provided that the liquidation and governance components are finalized. The introduction of Percolator comes at a critical time, as competitors like Hyperliquid (HYPE) are expanding their presence in the derivatives-focused DEX space. Related Reading: ‘Buy Of The Century’: Cardano Could Be The 2026 Game-Changer Under $0.20 — Analyst Hyperliquid recently implemented permissionless, builder-deployed perpetual contracts through its HIP-3 upgrade, allowing users to stake a minimum of 500,000 HYPE tokens—approximately $18 million—to launch their own perpetual markets with independent margin rules. Hyperliquid accounted for 35% of all blockchain revenue in July, attracting users away from platforms like Solana, Ethereum (ETH), and BNB Chain. Asset manager VanEck recently noted that Hyperliquid has successfully retained high-value users, thanks in part to its “simple, highly functional product.” As of press time, SOL is trading at $187.70, marking a 20% loss over the past fourteen and thirty days. This puts SOL 35% below its all-time high of $293, which was reached earlier this year. Featured image from DALL-E, chart from TradingView.com
Solana started a fresh decline from the $208 zone. SOL price is now consolidating losses below $200 and might decline further below $182. SOL price started a fresh decline below $212 and $200 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There was a break below a key rising channel with support at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls defend $182 or $175. Solana Price Dips Again Solana price extended gains above $200 and $202, like Bitcoin and Ethereum. SOL even surpassed $210 before the bears appeared. A high was formed near $208 and the price dropped. There was a move below $200 and $182. A low was formed at $174, and the price recently attempted a minor recovery wave. It climbed above the 50% Fib retracement level of the downward move from the $208 swing high to the $174 low. However, the bears remained active below $195. They protected the 61.8% Fib retracement level of the downward move from the $208 swing high to the $174 low. SOL is again moving below $190. Besides, there was a break below a key rising channel with support at $188 on the hourly chart of the SOL/USD pair. Solana is now trading below $188 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $188 level. The next major resistance is near the $195 level. The main resistance could be $200. A successful close above the $200 resistance zone could set the pace for another steady increase. The next key resistance is $208. Any more gains might send the price toward the $215 level. Downside Continuation In SOL? If SOL fails to rise above the $195 resistance, it could continue to move down. Initial support on the downside is near the $182 zone. The first major support is near the $175 level. A break below the $175 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $182 and $175. Major Resistance Levels – $195 and $200.
As Solana’s (SOL) price attempts to hold a crucial support area, an analyst has warned investors that the highly anticipated “Solana season” might not happen as the altcoin risks a massive price crash. Related Reading: Has The Crypto Treasury Bubble Burst? Tom Lee Thinks So Solana Risks ‘Serious Downside’ On Friday, Solana followed the rest of the market and fell below the $180 support to retest the recent lows. The cryptocurrency started this week by recovering from last week’s correction to its two-month low of $168, briefly attempting to reclaim the $210 resistance on Tuesday. However, the recent market volatility has seen the altcoin lose the $200 level again and retest a crucial support area that could determine SOL’s next move. Amid this performance, analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that a 75% crash from current prices might be coming. In Q2, the market watcher warned that the cryptocurrency’s bull market was “likely over,” highlighting its structure in the higher timeframe chart. Per the post, SOL “had a clear 5-wave Impulse to the upside that ended in January with $TRUMP coin blow off top,” when the altcoin hit its all-time high (ATH) of $293. Based on this, he forecasted that Solana would see an ABC corrective wave pattern in the coming months, with a potential bounce to the $240-$250 area for the B wave, before “the most painful wave down (C).” The analyst affirmed that the cryptocurrency has likely completed the B wave, although it could have a bounce to a new higher high before the breakdown. “The monthly candle still has 2 weeks to close green, but frankly speaking, Solana looks cooked (whether we get a higher high to trap more people or not),” he affirmed. Crypto Bullet cautioned SOL holders that if the C wave has started, they “should be prepared for some serious downside” in the mid-term toward the $40 target. Can SOL Retest $210? Analyst Ted Pillows also cast a warning for investors, asserting that “Solana treasury companies are in free fall right now.” He suggested that the recent dump is partially driven by the halt in institutional bidding. “Until these companies show some recovery, I think Solana’s price recovery will be difficult,” the post read. Despite the bearish predictions, some market watchers consider that SOL’s bullish outlook is still in play. Man of Bitcoin highlighted that Solana’s price is potentially forming a 1-2 setup, which could send its price back to the $200-$210 area. To the analyst, as long as the price holds above the $170 support level, the bullish scenario could continue to play out. Meanwhile, Crypto Yapper noted that Solana is currently retesting a double support in the daily chart, which could set the stage for a 15%-20% bounce. Related Reading: Ethereum Ready For ‘Rapid Expansion’ As Price Holds $3,900 Support – 30% Rally Coming? Per the post, SOL’s price is retesting the lower boundary of a 2-month falling wedge formation and the crucial $170-$180 horizontal level, which has served as a major support and resistance level throughout the year. Holding these levels in the daily and weekly timeframe could spark a rebound and propel the price to retest the falling wedge’s upper boundary and the crucial horizontal resistance around the $210-220 mark, the analyst noted. As of this writing, SOL is trading at $182, a 12.6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Solana meme economy has evolved into one of the most explosive forces in crypto, and the community is now moving billions in daily trading volume. The culture surrounding SOL’s meme coins has become a foundational driver of its network activity, liquidity, and overall market dominance in decentralized exchange (DEX) trading. How Meme Liquidity Fuels Solana’s Growth Crypto analyst known as BagCalls on X has pointed out that the memecoin menia and Degen energy culture of Solana is what defines the project. This is where the project SolsticeFi steps in, and it’s building a native stablecoin and yield infrastructure designed to anchor the ecosystem. By offering institutional-grade yields through delta-neutral strategies and its YieldVault, the project is positioning itself as a cornerstone of maturity in SOL’s DeFi landscape. Related Reading: Solana Network Activity Drops 50%: Is The Rally Built On Weak Fundamentals? BagCalls noted that this kind of innovation transcends the customary hype cycle. It also generates a lasting and underpinning aspect in the SOL decentralized finance (DeFi) ecosystem, which marks an impressive move toward the maturation of the on-chain financial environment of the network. The Founder of BITMEN, BitmanTW, has also offered a compelling vision for Solana’s trajectory, that the SOL network is turning the internet’s capital market. SOL has already decisively scaled transactions, proving its capacity for high throughput and low-cost operations, while scaling its yield. At the center of this evolution is SolsticeFi, the project that’s building a baseline yield layer for SOL’s DeFi ecosystem, which Bitman calls the missing piece. Powered by USX and YieldVault, SolsticeFi delivers institutional-grade performance with a native-first design. The core of this new infrastructure is USX, a Solana-native synthetic stablecoin, which has seen explosive adoption, surpassing $210 million in Total Value Locked (TVL). By attracting over 18,000 holders, USX has become the 5th largest stablecoin on SOL in just four days. Meanwhile, YieldVault provides access to tokenized delta-neutral strategies, currently delivering around 8% APY and boasting 100% positive months over the past three years. With eUSX, users can earn a baseline yield while remaining fully flexible to move liquidity into any DeFi opportunity. Solana’s Continued Functionality As A Core Strength According to the first Korean certified Elliott wave analyst, XForceGlobal, Solana remains one of the few assets that still works correctly within its broader market structure, even after posting an impressive 150% bounce from recent lows. Related Reading: Solana (SOL) Price Risks Drop Below $200 After Losing Key Support, Analyst Warns XForceGlobal emphasized that SOL appears to be nearing the conclusion of its B wave, a phase in Elliott Wave theory often characterized by retracement and correction before the next impulsive move. The analyst suggests this B wave has either already completed near the 88.6% Fibonacci retracement level, or could still be working toward a final all-time high (ATH) fake-out into an expanded B pocket. Featured image from Adobe Stock, chart from Tradingview.com
The Solana price rebounded quite nicely from the October 10 crash, quickly reclaiming $200 after hitting as low as $150 on some crypto exchanges. Despite this, though, the altcoin is still not out of the woods, with bearish indicators that seem to be piling up around it. Unless something changes soon, the Solana price could be gearing up for another major hit that could send it down even lower than the legendary flash crash. Friday’s Crash Was Only Confirmation Of Bearish Pattern For Solana Price While the broader market thinks that the October 10 crash has come and gone, leaving the market in a more bullish state, one analyst deviates from this and believes that this has actually set the Solana price on a more bearish path to more declines. Related Reading: Analyst Reveals The Chances Of The XRP Price Rallying 300% To $9 This Bull Run According to an analysis shared on the TradingView website, crypto analyst Klejdi Cuni shows that the Solana price actually confirmed a larger bearish pattern after the crash triggered by Donald Trump’s 100% tariff comments on China. As a result, the entire bearish trend is yet to actually play out. Not only is the Solana price already on track for more corrections, but it is also further at risk as the Bitcoin price struggles to hold up. After initially recovering, the Bitcoin price has since been on a slow decline, and altcoins such as Solana have been affected as well. With the Bitcoin price already struggling, the analyst believes that the Solana price is already looking at a decline to at least $170. However, in the event that the entire bearish narrative does play out, then the Solana price is at risk of crashing 50% to $104. SOL ETFs Could Change The Narrative Amid the expected bear pressure, there is still the topic of pending Solana ETF applications that could change the entire narrative. Data from The Block website shows a total of 11 Solana ETFs that are pending a decision from the Securities and Exchange Commission (SEC). Related Reading: Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash If these Solana ETFs are approved for trading, it could trigger a large influx of institutional liquidity into the altcoin. Just like the trend seen with the Bitcoin and Ethereum ETFs, this could lead to a surge in the Solana price, effectively eliminating the bears from the table. At the time of writing, the Solana price was still trending above $200. However, with the Bitcoin price skirting around $111,000, it is possible that the altcoin could suffer a crash below $200 before finding its footing once again. Featured image created with Dall.E, chart from Tradingview.com
The sudden and violent market correction triggered by geopolitical shockwaves served as an unprecedented stress test for the entire cryptocurrency ecosystem, exposing critical differences in network architecture. While the multi-billion-dollar liquidation event sent prices plunging across the board, Solana demonstrated remarkable resilience, whereas the Ethereum network and liquidity thinned during the peak volatility. Why Solana High-Performance Design Continues To Shine In an X post, the Nasdaq-listed go-to Solana Digital Asset Treasury (DAT), DefDevCorp, has revealed that when the largest liquidation event in crypto history hit last Friday, most of the market froze, and Ethereum stumbled. However, Solana didn’t flinch, powering through one of the most chaotic trading sessions ever recorded. Related Reading: Solana Shines Bright: Network Excels Amid Largest Crypto Liquidation Event At the peak of volatility, Solana sustained 1,225 transactions per second, finalized blocks in just 350 milliseconds, and saw transaction fees briefly rise to $0.25 before normalizing below $0.01. Meanwhile, ETH’s infrastructure buckled under demand as the network struggled to process beyond 26 TPS. Its block times extended to 15 seconds, and saw average gas fees explode to $616, effectively locking out users and rendering the chain unusable during the crisis. ETH became unreliable, impractical, and effectively unusable during the chaos. As DefiDevCorp noted, when users are priced out and transactions can’t clear, the network might as well be offline. In moments of high load, the core promise of a blockchain to remain accessible, affordable, and reliable must hold. However, after nearly 20 months of uninterrupted uptime, weathering its busiest moments, it’s abundantly clear that SOL’s continued upgrades and optimizations have paid off dramatically. DefiDevCorp concluded that no other chain currently comes close to handling global value transfer at this scale, under such extreme conditions, with the same level of performance. The takeaway from the firm’s post is that only SOL stays fast, cheap, and usable, even when global markets melt down. Why SOL Price Doesn’t Match Its Reliability A Researcher at alphapleaseHQ and Advisor at KaminoFinance, Aylo, has also mentioned that he had assets and Decentralized Finance (DeFi) positions open on both Solana and Ethereum when the crypto market collapsed last Friday. During this time, he had zero issues using the SOL network, while the ETH network was unusable due to the costs, which often led to market crashes, and the Rabby wallet also went down. Related Reading: No Chain Comes Close: Solana Leads With 2.5x Ethereum’s Revenue Aylo added that the ETH maxis should be much angrier about the performance of their L1. With this development, SOL continues to prove it’s the most performant and reliable blockchain under real-world pressure that we have in crypto. He pointed out that SOL’s valuation doesn’t reflect the resilience it is proving in the digital world. Featured image from Adobe Stock, chart from Tradingview.com
Solana started a fresh increase above the $188 zone. SOL price is now consolidating above $200 and might aim for more gains above the $208 zone. SOL price started a fresh upward move above the $185 and $188 levels against the US Dollar. The price is now trading above $200 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $208 resistance zone. Solana Price Jumps Further Above $200 Solana price started a decent increase after it settled above the $172 zone, beating Bitcoin and Ethereum. SOL climbed above the $180 level to enter a short-term positive zone. The price even smashed the $188 resistance. The bulls were able to push the price above the 61.8% Fib retracement level of the main drop from the $225 swing high to the $155 low. Besides, there is a bullish trend line forming with support at $199 on the hourly chart of the SOL/USD pair. Solana is now trading above $202 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $208 level and the 76.4% Fib retracement level of the main drop from the $225 swing high to the $155 low. The next major resistance is near the $218 level. The main resistance could be $225. A successful close above the $225 resistance zone could set the pace for another steady increase. The next key resistance is $242. Any more gains might send the price toward the $250 level. Another Pullback In SOL? If SOL fails to rise above the $208 resistance, it could start another decline. Initial support on the downside is near the $199 zone and the trend line. The first major support is near the $195 level. A break below the $195 level might send the price toward the $190 support zone. If there is a close below the $190 support, the price could decline toward the $180 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $199 and $190. Major Resistance Levels – $208 and $218.
Solana started a fresh increase above the $180 zone. SOL price is now consolidating above $185 and might aim for more gains above the $200 zone. SOL price started a fresh upward move above the $175 and $180 levels against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $188 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $200 resistance zone. Solana Price Eyes More Gains Solana price started a decent increase after it found support near the $155 zone, beating Bitcoin and Ethereum. SOL climbed above the $172 level to enter a short-term positive zone. The price even smashed the $180 resistance. The bulls were able to push the price above the 50% Fib retracement level of the downward move from the $225 swing high to the $155 low. Besides, there is a bullish trend line forming with support at $188 on the hourly chart of the SOL/USD pair. Solana is now trading below $200 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $198 level and the 61.8% Fib retracement level of the downward move from the $225 swing high to the $155 low. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. Another Decline In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $190 zone and the trend line. The first major support is near the $182 level. A break below the $182 level might send the price toward the $175 support zone. If there is a close below the $175 support, the price could decline toward the $160 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $188 and $182. Major Resistance Levels – $198 and $200.
Amid the recent market volatility, Solana (SOL) has lost a crucial area for the first time in over a week, leading some analysts to forecast a potential drop toward the $200 support and below in the coming days. Related Reading: Major Event Management Platform Raises $2M To Expand Stablecoin Payments Across Entertainment Industry Solana Pullback Eyes $200 Retest Solana fell from the $225 area and recorded a 6.6% intraday retrace below the $210 level for the first time in two weeks. Notably, the cryptocurrency has been trading within the $210-$245 levels over the past month, briefly losing this range during the late September pullback. As “Uptober” arrived and the overall crypto market recovered, the altcoin bounced from the recent lows, reclaiming the mid-zone of its local price range. Over the past week, SOL traded within the $220-$235 area, retesting both the upper and lower boundaries of this zone throughout this week’s volatile market performance. Multiple market watchers warned that losing $215-$220 area could determine whether SOL’s short-term rally was at risk. On Friday morning, the altcoin lost this crucial zone, hitting a one-week low of $207. Analyst Crypto Batman forecasted that Solana would likely head lower before bouncing, highlighting two key support areas. He suggested that the altcoin’ could retrace deeper into its Bullish Fair Value Gap (FVG), between $210-$220, which previously served as a key resistance level. However, if the price continues to fall, he pointed out that a retest of SOL’s two-month ascending trendline, currently around the $200 mark, would be possible. This trendline was tested as support in late September, when the altcoin fell to the $190 level. Similarly, Crypto analyst Man of Bitcoin had affirmed that holding the $216 level was crucial to preserve a bullish scenario in which the cryptocurrency rallied toward the $270 without major pullbacks. The analyst cautioned that losing this area would invalidate the bullish setup and likely push the price down toward the local range lows, potentially risking a drop to the $200 barrier. SOL’s Make-Or-Break Level Meanwhile, market watcher Follis recently stated that SOL has “one of the cleanest” high timeframe charts in the market. He noted that Solana’s 100-day Exponential Moving Average (EMA) indicator in the daily chart holds “the key.” Notably, this indicator, currently sitting around the $200 area, has been tested as support and bounced from each time the cryptocurrency has failed to break a major resistance level since August. Based on its recent performance, if the altcoin holding the EMA100 on the daily timeframe could see a rebound and target the range highs. On the contrary, if this level is lost, the cryptocurrency risks falling to the September lows. Related Reading: BNB Chain Memecoin Season? 70% Of Investors In Profit As Four.Meme Surpasses Pump.Fun Despite the short-term correction, some analysts remain optimistic about SOL’s end-of-year rally, suggesting that it will continue its path to new highs after the retrace. “$320 remains the target,” Trader Koala affirmed, “Pullback first though.” As of this writing, Solana is trading at $205, a 12.1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Solana is experiencing sharp volatility as the broader crypto market faces growing uncertainty. While some analysts expect an expansive move across the market, others remain cautious, pointing to Bitcoin’s difficulty in breaking cleanly into price discovery as a potential headwind. Solana, which has rallied strongly in recent weeks, now shows signs of divergence between its price action and underlying network activity — a signal that often raises questions about sustainability. Related Reading: Short-Term Holder Supply Rises By 559K Bitcoin – New Buyers Flood the Market According to Crypto Onchain, a CryptoQuant analyst, a closer look at Solana’s onchain data reveals a negative divergence between its price and the number of network transactions. This means that while SOL’s price continues to climb, overall transaction activity on the network has dropped significantly. Such patterns are typically viewed as warning signs, suggesting that price momentum might be driven more by speculative trading than organic growth in network usage. Still, market sentiment around Solana remains mixed. Bulls argue that the decline in transaction count could stem from structural changes in the network’s voting activity rather than a true drop in user engagement. As Solana consolidates amid these conflicting signals, investors are watching closely to determine whether this volatility marks a healthy correction — or the early signs of exhaustion in its rally. Solana Activity Declines Despite Strong Price Rally According to data from CryptoQuant, Solana’s network is showing a sharp contraction in transactional activity even as its price continues to rally. The daily transaction volume has fallen from roughly 125 million on July 24, 2025, to around 64 million today, marking a drop of nearly 50%. What makes this decline particularly notable is that it has occurred during a period of strong upward movement in SOL’s price, creating a negative divergence between price momentum and network fundamentals. This divergence presents an important warning signal. In a healthy market environment, price appreciation should ideally be supported by growth in real ecosystem usage — meaning more DeFi activity, NFT transactions, and user transfers. Instead, the data suggests that Solana’s recent rally could be driven more by market sentiment and speculative enthusiasm rather than sustained organic demand on-chain. However, to understand the full picture, it’s necessary to examine which transactions are declining. Historically, 80–90% of Solana’s activity consists of “voting” transactions, which are essential for maintaining network consensus. A reduction in those does not necessarily reflect lower user activity. If, however, the drop stems from reduced DeFi and NFT interactions, it could signal weakening fundamentals behind Solana’s price surge. Analysts are watching closely to determine whether this trend represents a temporary technical adjustment or an early warning of speculative overheating. If user-driven activity continues to decline, Solana could face increased risk of a deeper correction, testing whether the recent price rally is truly sustainable. Related Reading: Coinbase Premium Gap Signals Strongest Bitcoin Accumulation Since ETF Launch – Details Price Analysis: Consolidation After a Strong Rally Solana (SOL) is showing signs of consolidation after an extended rally that pushed its price above the $240 level earlier this month. The chart reveals that SOL has entered a short-term corrective phase, currently trading near $221, down about 3.5% on the day. Despite the pullback, Solana maintains a bullish market structure, as it continues to trade above the key 50-day, 100-day, and 200-day moving averages, which are trending upward — a sign that momentum remains in favor of the bulls. The $210–$215 zone stands out as the immediate support area, coinciding with the 50-day moving average. Holding above this level would confirm that buyers remain in control and could prepare the asset for another attempt to reclaim $240–$250. A successful breakout above these levels could open the path toward $280, where Solana faced resistance in late 2024. Related Reading: Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows However, a decisive drop below $210 could trigger deeper corrections, with potential downside targets near $190. Overall, Solana appears to be stabilizing after its recent surge, and maintaining support above the 50-day MA will be key for sustaining bullish momentum as the market awaits confirmation of the next major move. Featured image from ChatGPT, chart from TradingView.com
Solana (SOL) is flashing a powerful bullish setup as it forms a classic cup and handle pattern on the monthly chart. With the 1.618 Fibonacci target sitting near $425 and the monthly MACD gearing up for a golden cross, momentum is building fast. As speculation around a potential Solana ETF approval heats up, traders are eyeing what could be the start of a major breakout rally. Cup And Handle Formation Signals A Major Bullish Setup Lark Davis, a well-known crypto analyst, recently shared an optimistic outlook on SOL, highlighting a significant technical formation that could set the stage for a major rally. According to Davis, Solana is currently developing a classic cup and handle pattern on its monthly chart. This setup often signals the potential for a strong bullish breakout once the pattern completes. Related Reading: Solana (SOL) Declines Again – Is This A Dip Worth Buying For Recovery? He further explained that the 1.618 Fibonacci extension level, which often serves as a key target during large upward moves, sits around $425. Adding to the bullish case, Davis noted that the monthly MACD indicator is also forming a golden cross. This powerful technical signal typically marks the beginning of a sustained uptrend. Finally, with growing anticipation surrounding a potential Solana ETF approval, the analyst believes Solana could be on the verge of an exciting and rapid upward move, one that might redefine its position in the crypto market if the pattern unfolds as expected. Swift Recovery Pushes Solana Back Into Profit Territory Crypto VIP Signal, in a recent update, highlighted a notable shift in SOL market structure following a sharp move below the $200 level. The drop triggered a wave of liquidations among high-leverage long positions, causing weak hands to be shaken out of the market. This correction, however, proved short-lived as buying pressure quickly returned, showcasing strong support and renewed bullish momentum. Related Reading: Solana (SOL) Attempts Recovery – Yet Lacking Momentum Could Stall Bullish Breakout Following the dip, SOL rebounded impressively, allowing long positions to secure over 16% in profit from their initial entry points. Looking ahead, the analyst noted that Solana could be gearing up for a move toward the $250 resistance level, which stands as the next major hurdle for the bulls. A successful break and close above this level could open the door for additional gains and confirm the continuation of the broader uptrend. In terms of strategy, Crypto VIP Signal advised traders to maintain their long positions while implementing a stop-loss at breakeven to protect profits from any unexpected volatility. With bullish momentum returning to the market, careful position management could ensure traders remain well-positioned for the next potential leg higher. Featured image from Adobe Stock, chart from Tradingview.com
Solana started a fresh decline from the $238 zone. SOL price is now consolidating losses below $225 and might decline further below $218. SOL price started a fresh decline below $232 and $230 against the US Dollar. The price is now trading below $225 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls defend $218 or $212. Solana Price Dips Below Support Solana price extended gains above $225 and $230, like Bitcoin and Ethereum. SOL even surpassed $235 before the bears appeared. A high was formed near $238 and the price dropped. There was a move below $232. Besides, there was a break below a key bullish trend line with support at $230 on the hourly chart of the SOL/USD pair. The pair traded as low as $217.47 and is currently consolidating losses below the 23.6% Fib retracement level of the recent decline from the $237 swing high to the $217 low. Solana is now trading below $225 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $222 level. The next major resistance is near the $228 level or the 50% Fib retracement level of the recent decline from the $237 swing high to the $217 low. The main resistance could be $230. A successful close above the $230 resistance zone could set the pace for another steady increase. The next key resistance is $238. Any more gains might send the price toward the $245 level. Another Drop In SOL? If SOL fails to rise above the $230 resistance, it could continue to move down. Initial support on the downside is near the $218 zone. The first major support is near the $212 level. A break below the $212 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $188 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $218 and $212. Major Resistance Levels – $230 and $238.
Solana found support near the $205 zone. SOL price is now consolidating gains above $220 and might soon aim for more gains above $232. SOL price started a fresh increase above $215 and $220 against the US Dollar. The price is now trading above $225 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $227 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls clear $235 and $242. Solana Price Aims Higher Solana price remained supported above the $215 pivot level and extended gains, like Bitcoin and Ethereum. SOL climbed above the $220 and $225 resistance levels. The price even spiked above $235 before there was a pullback. The price dipped below $232 and tested $228. It is again rising and trading near the 50% Fib retracement level of the recent decline from the $237 swing high to the $227 low. Solana is now trading above $225 and the 100-hourly simple moving average. Besides, there is a connecting bullish trend line forming with support at $227 on the hourly chart of the SOL/USD pair. If there are more gains, the price could face resistance near the $234 level or the 61.8% Fib retracement level of the recent decline from the $237 swing high to the $227 low. The next major resistance is near the $238 level. The main resistance could be $242. A successful close above the $242 resistance zone could set the pace for another steady increase. The next key resistance is $250. Any more gains might send the price toward the $255 level. Another Drop In SOL? If SOL fails to rise above the $237 resistance, it could continue to move down. Initial support on the downside is near the $227 zone and the trend line. The first major support is near the $225 level. A break below the $225 level might send the price toward the $220 support zone. If there is a close below the $220 support, the price could decline toward the $212 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $225 and $220. Major Resistance Levels – $237 and $242.
The Solana price had a relatively better performance than most large-cap crypto assets in September, posting a double-digit gain in the past month. The altcoin has made an even stronger start to October, enjoying the opening days of the month with an over 10% price jump so far. It is worth mentioning, though, that the Solana price somewhat struggled going into the weekend, which has seen the loss of the $230 mark. However, the latest on-chain data suggests the SOL token might only be taking a break, as it has yet to encounter the next major obstacle to its continuous ascent. Sustained Upward Run Hinges On $245 Resistance: Data In an October 4 post on the X platform, crypto analyst Ali Martinez shared an on-chain insight into the next significant resistance for the Solana price. According to the popular online pundit, the price of SOL is likely to face major resistance around the $245 price over the coming weeks. Related Reading: XRP Price Completes 7-Year Double Bottom Amid Prep For Moonshot To $19 This on-chain verdict is based on the SOL UTXO Realized Price Distribution (URPD) metric, which measures the volume of a particular cryptocurrency that was bought at a specific price level. These price levels act as support and resistance levels for Solana, as they represent the cost basis of different investors. It is worth mentioning that the strength of an on-chain support and resistance level typically depends on the number of investors who have their cost basis at the specific price level. According to Martinez, the next such level is around the $245 region, where more than 5.9 SOL tokens were acquired. This level is considered the next major resistance for the Solana price, as it is above the current spot value. The $245 zone is seen as a significant supply wall, as several investors—who have been underwater for long—are likely to dump their assets as soon as they break even or move into profit, thereby putting significant downward pressure on price. Ultimately, the return of the Solana price to its current all-time high of $293 could be in jeopardy if it fails to clear the major supply wall around $245. As observed in the highlighted chart, the SOL would likely not be facing any significant barrier on the path to the record-high price. Can Solana Price Surge 100%? Interestingly, Martinez projected in a separate post on X that the Solana price could travel to as high as $520. However, the altcoin would need a weekly close above the long-term resistance around $260 to embark on this upside rally. A run to $520 would represent an over 110% surge from the current price point. As of this writing, the Solana token is valued at around $228, reflecting a nearly 2% dip in the past 24 hours. Related Reading: Bitcoin, XRP Testing Key Resistances And Could Turn Messy Again – Here’s Why Featured image from Jakub Porzycki/Getty Images, chart from TradingView
Following a massive Q3 performance, Solana (SOL) has kicked off “Uptober” with a bounce, attempting to reclaim a crucial area as support to continue its bullish rally. Some analysts have suggested that the cryptocurrency is ready to challenge the recent highs and enter a new price discovery phase. Related Reading: BNB Eyes New Highs As Price Reclaims $1,000 – Is A 30% Rally Coming? Solana Starts ‘Uptober’ In The Green After the recent market correction, Solana has started the new quarter with a 7.3% bounce from yesterday’s lows. Last week, the cryptocurrency fell from its recent highs and hit a local low of $190 after closing below the $200 support for the first time in nearly a month. Over the weekend, the altcoin reclaimed the crucial barrier and attempted to turn the $205-$210 area into support during the last two days of September. After closing the month around the $208 level, SOL’s price bounced 5.3% on Wednesday morning toward the $220 mark. Some market watchers previously noted that $218 level was the most important level for the cryptocurrency’s recovery, as the largest supply wall exists around this level. This level coincides with Solana’s $120-$220 macro range high. Analyst Crypto Jelle considers that SOL “is ready for its second expansion wave for the cycle” after months of re-accumulation, the September rally, and the successful retest of the breakout level. Amid today’s pump, the analyst affirmed that the cryptocurrency has “one last hurdle to overcome” before the rally to new highs begins. Per the post, once Solana turns the $250 level into support, the altcoins will be “in for a great end of the year.” Similarly, Altcoin Sherpa suggested that SOL will likely rally toward the $230-$235 area and above if Bitcoin (BTC) and the crypto market remain stable. Corporate Momentum, ETFs To Fuel Q4 Rally Solana’s momentum has been partially driven by growing corporate interest in the cryptocurrency, with SOL-focused Digital Asset Treasuries (DATs) pouring billions of dollars into the strategies over the past few months. On October 1, Nasdaq-listed VisionSys AI Inc. announced a $2 billion SOL-based treasury strategy in partnership with Marinade Finance, Solana’s leading staking protocol. The initiative aims to “strengthen VisionSys’s balance sheet, enhance liquidity, and create long-term shareholder value through the strategic acquisition and staking of Solana (SOL),” the announcement reads. Marinade Finance will serve as VisionSys’s exclusive staking and ecosystem partner, and the program’s first phase is set to acquire and stake $500 million in SOL within the next six months. Additionally, the pending approval of multiple crypto-based exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) has raised expectations for an October rally. In August and September, the regulatory agency pushed its final decision deadline for multiple crypto investment products, including SOL-based ETFs, between mid-October and mid-November. Related Reading: Ethereum Ready For Round 2? Analyst Forecasts Early October Rally Amid $4,200 Retest On Monday, Senior ETF analyst Eric Balchunas affirmed that “the odds are really 100% now.” “Generic listing standards make the 19b-4s and their ‘clock’ meaningless,” he explained, adding, “That just leaves the S-1s waiting for formal green light from Corp Finance. And they just submitted amendment #4 for Solana. The baby could come any day. Be ready.” As of this writing, Solana is trading at $219, a 11.1% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
In recent months, Solana (SOL) has emerged as a formidable competitor to Ethereum (ETH), consistently outpacing its larger rival in various key metrics. Analysts from The Motley Fool have highlighted that while Solana is sprinting ahead, Ethereum seems to be trotting along in comparison. Ethereum’s Market Lead May Be At Risk A particularly telling metric in this competition is the total value locked (TVL) within each ecosystem. TVL serves as an indicator of the capital deposited in a blockchain’s decentralized applications (dApps) and smart contracts. A higher total value locked often signifies greater value within the ecosystem, reflecting growing user engagement and investment. Over the past year, Solana has seen its total value locked soar by approximately 198%, reaching around $38.5 billion. Related Reading: Bitcoin Could Go To Zero, Hedge Fund CEO Warns Meanwhile, Ethereum has also doubled its total value locked, which now stands at approximately $362.7 billion. However, the growth rate of Solana’s ecosystem outpaces that of Ethereum, signaling a shift in user activity and interest. Despite Ethereum’s substantial lead in TVL, particularly in the stablecoin sector where it hosts around $161.1 billion compared to Solana’s $12.9 billion, the rapid growth of Solana’s ecosystem raises questions about its long-term market share. The Motley Fool analysts suggest that if this trend continues, Solana could capture a significant portion of the market currently dominated by the Ethereum blockchain. Solana To Dominate The Tokenized Stock Market? One of the key factors contributing to Solana’s growth is its advantage in transaction speed and cost. As the market and interest for real-world asset (RWA) tokenization expands, Solana is said to be positioned as a preferred platform for issuing and trading tokenized stocks. This segment of the tokenization market is continuously gaining traction, and Solana has already accumulated $69.2 million in tokenized stock value within just the last three months. In contrast, Ethereum holds $274.8 million in tokenized stocks, but much of that flow occurred only recently. Related Reading: XRP Explosion Ahead? Analysts Outline Longevity And Bold $200 Target Moreover, Solana’s total tokenized assets grew by 35% to reach $671.4 million in just 30 days ending on September 24, while Ethereum’s tokenized asset value saw only a modest 2% increase, reaching $9 billion. The analysts concluded by stressing that the asset tokenization market is still in its early stages, and Solana appears well-positioned to capitalize on this opportunity. When it comes to price growth, Ethereum is in the lead, having risen by over 50% year-to-date, compared to Solana’s 33% increase in the same period. At the time of writing, the price of SOL hovers just above the $209 mark, representing a 28% gap between current valuations and its record high of $293. Featured image from DALL-E, chart from TradingView.com
Solana found support near the $192 zone. SOL price is now attempting to recover from above $200 and faces hurdles near $215. SOL price started a recovery wave above $200 and $202 against the US Dollar. The price is now trading above $202 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another decline if it stays below $215 and $220. Solana Price Eyes Recovery Solana price extended losses below $200 before the bulls took a stand, like Bitcoin and Ethereum. SOL tested the $192 zone and recently started a recovery wave. The price was able to surpass the $200 and $202 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $242 swing high to the $191 low. Besides, there is a connecting bullish trend line forming with support at $204 on the hourly chart of the SOL/USD pair. However, the price faces many hurdles near $215. Solana is now trading above $205 and the 100-hourly simple moving average. If there are more gains, the price could face resistance near the $215 level. The next major resistance is near the $216 level or the 50% Fib retracement level of the downward move from the $242 swing high to the $191 low. The main resistance could be $220. A successful close above the $220 resistance zone could set the pace for another steady increase. The next key resistance is $230. Any more gains might send the price toward the $242 level. Another Drop In SOL? If SOL fails to rise above the $216 resistance, it could continue to move down. Initial support on the downside is near the $204 zone and the trend line. The first major support is near the $202 level. A break below the $202 level might send the price toward the $200 support zone. If there is a close below the $200 support, the price could decline toward the $192 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $204 and $200. Major Resistance Levels – $216 and $220.