Solana price faces a decisive moment this week as the ETF deadline nears, with participants watching key support levels to gauge the next major move.
The countdown to Solana’s ETF deadline has sparked a wave of speculation across the market. Market watchers are closely looking whether the SEC delivers long-awaited approval or another delay that could sway SOL’s short-term sentiment.
Solana current price is $196.78, up 11.99% in the last 24 hours. Source: Brave New Coin
ETF Deadline Sparks Speculation
The upcoming Solana ETF deadline this Thursday has injected fresh anticipation into the market. Analyst TED is watching closely to see whether the SEC finally provides clarity or opts for another delay. Historically, similar events have triggered short-term volatility, especially when decisions are postponed, often prompting profit-taking before a potential relief rally.
If approval chatter picks up, momentum could shift bullish as institutional narratives resurface. However, another delay could momentarily dampen sentiment, pushing Solana price back towards lower supports before buyers step in again. Either way, this week’s outcome is likely to shape Solana’s short-term volatility window, with traders treating it as a critical inflection point.
Technical Outlook: Solana Price Levels in Focus
Recent chart structure shared by ctm_crypto shows Solana consolidating between $180 and $250, with price currently retesting its ascending support trendline. The reaction here will decide whether SOL reclaims strength or confirms a breakdown. Price has so far held above the $179 to $182 zone, where multiple wicks indicate strong buyer defense.
Solana consolidates within the $180–$250 range, holding firm above its ascending trendline support. Source: ctm_crypto via X
To the upside, reclaiming $205 to $210 would revalidate short-term bullish momentum, while a rejection could send SOL Solana price back towards $160 to $155 support levels. Momentum indicators remain neutral, suggesting a coiled structure where direction depends on the next few daily closes. Participants are closely watching for a bounce confirmation from this long-standing diagonal support.
Solana Weekly EMA200 Retest Ahead
A closer look from Trader Koala’s analysis highlights that Solana is nearing a key weekly EMA200 retest, a region historically known to act as a long-term accumulation zone. Previous cycles show that touching this moving average often coincides with trend resets before major upside phases.
Solana is lining up for a crucial retest of the weekly EMA200. Source: Trader Koala via X
However, the near-term tone remains cautious. Failure to hold above $165 could expose lower levels near $140 to $135, matching previous retracement zones. That said, a clean EMA200 reaction would reaffirm structural strength and restore confidence in the broader bullish setup. Until then, volatility near the moving average should be expected.
Solana Price Prediction: Key Support Must Hold
Crypto Naive’s outlook stresses that $170 remains Solana’s defining line of defense. Holding above this level keeps the trend intact, while a decisive close below would shift focus toward short setups. The chart shows multiple tests of this same horizontal zone since early Q2, reinforcing its importance as a pivot between continuation and correction.
Solana’s $170 support stands as the critical pivot separating continuation from correction. Source: Crypto Naive via X
From a broader Solana Price Prediction perspective, maintaining the $170 support could pave the way for a push back into $200 to $220 territory. A breakdown, however, might drag SOL into the $150 region before a fresh accumulation phase starts. Overall sentiment remains cautious yet balanced, hinging largely on ETF news and how the $170 mark reacts under pressure.
Final Thoughts: What’s Next for Solana Price?
Solana’s technical landscape is at a defining point, with the ETF deadline and $170 support forming the core of short-term sentiment. The broader structure remains constructive as long as price holds above the $165–$170 region, where both historical support and weekly moving averages converge. A confirmed defense here could trigger renewed momentum, especially if ETF-related optimism fuels broader inflows into Layer-1 assets.
From a medium-term Solana Price Prediction standpoint, a sustained reclaim above $210 would open the path towards the $240 to $250 resistance band, marking the next major liquidity zone.
On the contrary, a close below $165 could shift the structure into deeper correction territory, retesting $140 before new demand builds. With volatility rising into Thursday’s deadline, traders are bracing for a decisive move that could dictate Solana’s trend heading into Q4.