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Solana Price Prediction: As The SEC Postpones Solana ETF Decision
The Solana price has dropped 6.3% in the last 24 hours to trade at $194.76 as of 12:43 a.m. EST on an 18.6% surge in trading volume to $14.3 billion.
SEC Postpones Its Solana ETF Decision To October
This happens as the SEC delays its decision on proposals for Solana ETFs from Bitwise and 21Shares. The next deadline is October 16 for both the Bitwise Solana ETF and the 21Shares Core Solana ETF.
Approval could open the door for broader SOL exposure via traditional brokerage accounts. The timeline now hinges on October’s decision — a green light could trigger significant inflows, while another delay or rejection might cool current SOL momentum.
ADVERTISEMENTMeanwhile, the cumulative Futures Solana ETF volumes just reached a new all-time high of $3.38 billion as of August 13, 2025, according to data from The Block. With such success on Futures, Spot ETFs are expected to drive volume way higher once they get approval from the SEC
Top analyst Ali Martinez has predicted that Solana price may be heading to $360 and that it is currently in its last pullback. Ali posted the SOL price chart, showing a bullish structure which looks like an ascending triangle, and projects that Solana may once more dip to around $175 before breaking out and rallying to $360.
ADVERTISEMENTOn the flip side, if the price of Solana fails to break above the bullish structure, the asset may fall to $160 or $130, with the next support levels below $175. If bears are aggressive, the Solana price may drop even lower, finding further support around $98.
Solana is now at a make-or-break point, in which the next couple of days could determine whether Q3 will be bullish or bearish for the asset.
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