Solana ETF approval odds surge ahead of SEC decision, with analysts eyeing $320, while Cardano consolidates before its ETF ruling.
Solana is once more in the limelight with investors excited by ETF optimism. As spot Solana ETF filings await a decision of the United States SEC this week, experts anticipate a turning point that would make prices move towards the $320 mark. At the same time, Cardano (ADA) has already become the object of attention for analysts due to the resurgence of institutional inflows and expansion of the network.
Despite the rallies in Solana and Cardano, investors are seeking new early-stage opportunities. MAGACOIN FINANCE presale momentum offers a fresh avenue for 2025 growth seekers.
Is Solana ETF Coming This Week?
Anticipation around Solana’s first spot ETF approval has reached its peak. Crypto analyst Lark Davis, founder of Wealth Mastery, said the United States SEC’s final deadline for the spot SOL ETF decision is only days away, calling it a “big week for Solana.” Davis believes growing institutional demand and record inflows into Solana products strengthen the odds of approval.
Major firms, including Grayscale, VanEck, 21Shares, Canary, and Bitwise, are all seeking approval. Several of them have amended their S-1 filings to include staking features, allowing the funds to earn rewards from tokens held in custody. Industry observers see this as a step toward merging traditional finance with blockchain yield generation.
Source: X
Institutional enthusiasm is already visible in Solana’s exchange-traded products (ETPs). According to CoinShares data, Solana ETPs recorded $706 million in weekly inflows, more than double their previous all-time high. Total assets under management (AUM) for all Solana ETPs now exceed $5.1 billion, reflecting strong Wall Street confidence despite a partial United States government shutdown.
Solana Price Prediction: SOL Eyes $320.
Solana price latest technical image is still strong despite a moment of weakness. The leading altcoin indicated a lower low of about $190, which ended its higher-low pattern. Nevertheless, it remains to trade around its broader ascending channel which is an indication that the long-term trend is being defended by buyers.
The bottom channel line is now a good support area, with the next resistance observed to be at around the $250 to $255 area. With more bullish momentum, supported by ETF optimism and institutional inflows, the next target is around $320, the upper channel projection.
SOLUSD 1-Day Chart : Source: TradingView
Primarily, the ecosystem is performing well. In September, Solana generated over $141 million in revenue across DApps, which is more than any other L1 and L2 network. Pump.fun and Axiom were the major contributors which fueled a boom in transaction costs and user numbers.
In the meantime, public companies share a total of 13.4 million SOL, 2.46% of supply, which is an indication of long-term corporate demand.
Solana-based DApps | Source: X
Analysts feel that in the event the SEC gives a positive ETF decision this week then it is likely that the liquidity and market depth in Solana will increase exponentially. This move can make SOL and Ethereum major institutional assets.
Cardano Price Consolidates as ETF Decision Nears
In the meantime, Cardano is trading beneath major resistance since traders wait for the SEC to approve pending applications of ADA ETFs. The price is sustained between the support price of $0.75 and the resistance of $0.95, which is an indicator of future volatility when the decision is made. The impending ETF decision in the case of REX and Osprey filing on October 26 would trigger what will happen to ADA next.
With approval, Cardano will experience an escape out of its downtrend, with a potential 50% upward movement to $1.30.
ADAUSD 1-Day Chart: TradingView
MAGACOIN FINANCE Gains Investor Attention
While Solana and Cardano dominate headlines, crypto presale enthusiasm is shifting toward MAGACOIN FINANCE, an Ethereum-based project that has already raised over $15 million. The transparent stage-based business model of the presale lets early buyers enjoy benefits of entry at reduced prices, leading to a rapid community growth and analyst coverage.
Whale wallets are accumulating, indicating that there is a high upside potential for experienced investors. Also, the momentum is on the rise as MAGACOIN FINANCE receives both retail and institutional investors to prepare for a 100x growth opportunity in 2025. Early participants are pre-committing positions with exchange listings expected to occur in Q4 2025, before prices rise.
Conclusion
This week might turn out to be a turning point for Solana and the cryptocurrency market, in general. A SEC authorization of the spot SOL ETF will validate institutional interest and propel SOL to $320. At the same time, the increase in revenues of DApps and corporate holdings strengthens Solana in the long term.
Similar to Solana, the ETF decision of Cardano may turn into a breakthrough for the asset. A favorable decision will create impactful institutional inflows and a fresh market momentum. Both networks are now on the brink of possible breakout phases which may redefine their 2025 perspective.
However, beyond the large-cap buzz, projects like MAGACOIN FINANCE are drawing investors who want early-stage exposure to 2025’s next growth cycle. Both narratives highlight a clear trend, capital is flowing back into high-momentum crypto assets as confidence returns.
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