SEC Delays Solana ETF to October, Can SOL Still Rally to $360?

2025-08-17

The U.S. Securities and Exchange Commission (SEC) has again taken a cautious stance by postponing its decision on Solana exchange-traded funds (ETFs) to October 16, 2025. This delay introduces short-term uncertainty, but optimism within the crypto community remains resilient.

Solana (SOL), trading near the $210 resistance level, is under the spotlight as analysts continue to forecast significant upside potential. Some even project a rally to $360, provided momentum holds and the ETF eventually secures approval.

This article examines how the SEC’s delay impacts Solana, the current technical setup, and whether the bullish case for SOL remains intact ahead of October.

Why the SEC Delayed the Solana ETF

Delays are not uncommon in U.S. regulatory reviews of crypto ETFs. Similar situations occurred with Bitcoin and Ethereum before their spot ETFs gained approval.

For Solana, the SEC is conducting a comprehensive review on:

Staking mechanics: ensuring Solana’s staking rewards do not conflict with securities laws.
Custody arrangements: verifying institutional-grade storage for Solana assets.
Investor protections: assessing risk disclosures and safeguards for retail investors.

This delay should not be interpreted as rejection. In fact, analysts suggest the SEC’s methodical approach may strengthen long-term trust, reducing the risk of disruptive policy changes after an ETF launch.

Solana Price Overview Today

Despite regulatory hesitation, Solana’s price has demonstrated remarkable resilience. Following the announcement, SOL briefly dipped but quickly recovered, stabilizing above $190 support.

Current Range: $190–$210
Support Levels: $190, $175
Resistance Levels: $210 (immediate), $250 (secondary)
Market Sentiment: Cautiously bullish

On Bitrue and other exchanges, trading volume remains healthy, indicating that investors see the delay as procedural rather than negative.

Why the Delay May Not Harm Solana’s Momentum

At first glance, a delayed ETF might appear bearish. Yet, in Solana’s case, several factors show otherwise:

ETF Still Alive – The SEC did not reject the proposal, meaning approval remains possible.
Positive Precedent – Bitcoin and Ethereum ETFs also faced delays before greenlighting.
Institutional Demand – Products like the REX Shares Solana Staking ETF still attract inflows.
Investor Confidence – Solana’s ability to hold above $190 reflects strong buying interest.

Put simply, the delay keeps the door open while allowing time for more regulatory clarity.

Solana Technical Analysis: The Path Toward $360

SEC Delays Solana ETF to October, Can SOL Still Rally to $360? .png

Immediate Resistance at $210

Solana’s key battleground is the $210 resistance zone. Breaking above this level would unlock upside momentum and potentially trigger a wave of short covering.

Upside Targets

$250 – First target post-breakout, aligning with Fibonacci extensions.
$310 – Second target, backed by ascending triangle breakout projections.
$360 – The ambitious target, dependent on ETF optimism and sustained momentum.

Risks and Reversals

The main risk is a false breakout. Without strong trading volume, any surge beyond $210 could reverse, dragging Solana back toward $190. Traders should watch for RSI and MACD confirmation before entering aggressive positions.

Solana’s Fundamental Strengths Support the Bullish Case

While technical analysis maps the short-term price journey, Solana’s fundamentals strengthen the long-term narrative:

High Throughput: With its Proof-of-History mechanism, Solana consistently handles thousands of transactions per second at extremely low fees.
Network Upgrades: The upcoming Firedancer validator client promises even greater scalability, reducing network congestion and downtime.
Ecosystem Growth: Solana is rapidly expanding across DeFi, NFTs, GameFi, and Web3 partnerships, fueling demand for SOL tokens.
Reliability Improvements: Past outages hurt Solana’s image, but recent protocol upgrades demonstrate a commitment to stability.

Combined, these factors position Solana as a serious Layer 1 contender, rivaling Ethereum while offering a more cost-efficient alternative.

Market Outlook Ahead of October

As October 16 approaches, Solana’s trajectory will hinge on both technical and regulatory dynamics. Possible scenarios include:

Bullish Breakout: Strong volume drives SOL above $210, paving the way toward $250–$310.
Sideways Consolidation: Price fluctuates between $190–$210 as traders wait for clarity.
Pullback Before Rally: A rejection at resistance forces a retest of $190 before momentum resumes.

In each case, October’s ETF decision acts as a macro catalyst, capable of sparking institutional inflows if approval is granted.

Conclusion

The SEC’s decision to delay the Solana ETF until October 16, 2025, is not the setback it may first appear. Instead, it highlights the regulator’s cautious but deliberate approach, which could ultimately enhance long-term trust in Solana-based investment products.

With price consolidating near $210, technical setups remain bullish, projecting a path toward $250, $310, and potentially $360 if momentum aligns with regulatory developments. Coupled with Solana’s strong fundamentals and ecosystem growth, the outlook remains optimistic.

For traders and investors, the key is to monitor support/resistance levels closely while preparing for heightened volatility around the SEC’s October decision.

FAQ

What is the current price of Solana (SOL)?

As of August 2025, Solana trades between $190 and $210, consolidating near resistance.

Why did the SEC delay the Solana ETF decision?

The SEC postponed the ruling to October 16, 2025, to further evaluate staking mechanics, custody solutions, and investor protections.

Can Solana rally to $360 despite the delay?

Yes. If Solana breaks above $210 with strong volume, analysts see a potential rally toward $250, $310, and $360.

Does the SEC delay negatively affect Solana’s price?

Not significantly. The delay is routine, and Solana has held firm above $190, showing investor resilience.

Where can I track Solana’s price in real time?

You can monitor SOL/USDT pairs and live charts on Bitrue.

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Disclaimer: The content of this article does not constitute financial or investment advice.

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