Solana News Today: Solana Eyes $360 Rally as SEC Delays ETF Decision to October 2025

The price of Solana (SOL) is currently trading near $193.67 and has been building momentum toward a key resistance level at $210. Technical analysts suggest that a successful breakout above this level could trigger a rally toward $360, based on the formation of an ascending triangle pattern and strong Fibonacci extension levels [1]. If buyers manage to push through $210, subsequent targets include $250, $310, and finally $360. A failure to break above resistance could instead lead to a pullback toward $175 before another attempt at upward movement [2].

The bullish outlook is further supported by a history of higher lows since April, indicating ongoing buying pressure and a structurally strong trendline. Analysts remain optimistic, noting that volume has been a critical factor in confirming the direction of price action. “Solana is nearing a key inflection point,” said one analyst, highlighting the importance of the coming days in determining whether the asset can maintain its upward trajectory [3].

In parallel, the U.S. Securities and Exchange Commission (SEC) has delayed the final decision on the Bitwise and 21Shares Solana ETFs until October 16, 2025. This marks the final procedural extension for the commission and has shifted the timeline for potential institutional exposure to Solana. While the delay introduces short-term uncertainty, analysts argue that the broader long-term price outlook remains positive. A successful ETF approval could unlock significant liquidity and drive increased demand from both retail and institutional investors [4].

The delay has coincided with a broader market pullback, as both Bitcoin and Solana have experienced recent price declines. However, market strategists emphasize that the ETF approval in October is expected to serve as a major macro-level catalyst. “The ruling in October is now a key macro catalyst,” one strategist noted, reinforcing the view that regulatory clarity will play a crucial role in shaping Solana’s future price action [5].

Despite the uncertainty, the projected price increase to $360 represents a strong vote of confidence in Solana’s long-term potential. The broader crypto market remains sensitive to regulatory developments, particularly around ETF approvals, which could serve as a catalyst for renewed buying interest once clarity is provided [6].

The impact of the ETF delay extends beyond investor sentiment, influencing strategic planning for exchanges and financial institutions seeking to introduce new products linked to Solana. With the final decision not expected until October, market participants are advised to remain prepared for potential volatility during the interim period [7].

Sources:

[1] Analyst Projects Solana Price Surge to $360 Despite SEC ETF Delay to October

https://coingape.com/markets/analyst-projects-solana-price-surge-to-360-despite-sec-etf-delay-to-october/

[2] SEC Punts Decision Deadlines for Solana ETFs by Two Months

https://finance.yahoo.com/news/sec-punts-decision-deadlines-solana-015620357.html

[3] Best Crypto to Buy Now as Solana ETF Decision Delayed

https://cryptodnes.bg/en/best-crypto-to-buy-now-as-solana-etf-decision-delayed-to-october-16/

[4] SEC Delays Decision on Bitwise Solana ETF Approval

https://moneycheck.com/sec-delays-decision-on-bitwise-solana-etf-approval-until-september/

[5] Solana Price Eyes $360 as ETF Decision Delayed to October 2025

https://blockonomi.com/solana-price-eyes-360-as-etf-decision-delayed-to-october-2025/

[6] Solana Price Eyes $360 as ETF Decision Delayed to October 2025

[7] Solana Price Eyes $360 as ETF Decision Delayed to October 2025