Solana Holds Firm at $210 as Institutional Buyers Counter Retail Liquidations Ahead of Critical SEC Deadline
On Tuesday, Solana (SOL) showed amazing strength by bouncing back from a flash drop to $204.17 and staying stable around $210, even while
Quick overview
- Solana (SOL) demonstrated resilience by recovering from a flash drop to $204.17 and stabilizing around $210 amid market uncertainty.
- Institutional buying pressure has increased confidence in SOL's fundamentals, especially ahead of the SEC's ETF decision on October 10.
- Recent data shows significant institutional inflows into Solana, surpassing Ethereum, indicating a shift in investor sentiment towards blockchain scalability.
- Analysts predict that if SOL breaks above $250, it could quickly rise to the $280-$300 range by the end of October.
On Tuesday, Solana SOL/USD showed amazing strength by bouncing back from a flash drop to $204.17 and staying stable around $210, even while the rest of the market was shaky because of fears of a U.S. government shutdown. The fast recovery, which was helped by institutional buying pressure, shows that traders are becoming more confident in SOL’s fundamentals as they prepare for the Securities and Exchange Commission’s October 10 ETF decision deadline.
SOL/USD Technical Analysis: Institutional Support Emerges at Key Levels
The price activity during the day made it evident that retail and institutional behavior were very different. Hyblock’s data showed that retail traders, especially those who bought leveraged long positions at the highs of Monday’s range, were aggressively sold off throughout the drop to $205. But this flush made bigger market players buy right away, and wallets containing between $1 million and $10 million showed robust accumulation trends through anchoring cumulative volume delta (CVD) indicators.
SOL closed down 1.38% for the day, but it regained its median weekly range and is now trading above $209.50, which means that bulls were able to protect important support zones. Professional traders quickly established new spot and leveraged long positions after the liquidation cascade caused negative funding rates. This is a classic sign that they are quite sure about where the asset is going in the near future.
Bitcoin’s rise from $112,656 to $114,400 gave the altcoin markets further support, and the strength of the top cryptocurrency helped keep the price of SOL from falling any more.
Solana’s Institutional Inflows Signal Major Confidence Shift
Aside from the technical comeback, the fundamental data shows that Solana is becoming more positive. On September 29, institutional investors put $291 million into Solana exchange-traded products. This was one of the biggest single-day inflows ever. More importantly, Solana’s proportion of institutional inflows is now higher than Ethereum’s for the same time period. This is a turning point that shows how sophisticated investors are changing their minds about blockchain scalability and adoption measures.
This acquisition by institutions happened while SOL was trading significantly below its all-time high of about $293 in January 2025. This suggests that smart money is positioning itself ahead of possible catalysts instead of chasing momentum.
Solana ETF Approval Odds Hit 100% as Regulatory Landscape Transforms
The big change in the chances of getting Solana ETF clearance is what traders are most enthused about. Eric Balchunas, a senior ETF analyst at Bloomberg, now gives SEC approval a 100% chance because the agency recently adopted general listing rules for commodity-based exchange-traded products. This paradigm gets rid of the necessity for separate 19b-4 filings for each crypto ETF, which was a big bureaucratic roadblock that kept launches from happening.
“The baby could come at any time. “Be ready,” Balchunas told investors, adding that issuers have already sent in their fourth S-1 modifications and might get approval at any time, even before the official deadline of October 10.
Solana Price Prediction: Path to $250-$300 in October
Solana looks ready for a big move up because institutional accumulation is speeding up, ETF certification is almost probable, and technical support is holding strong. The immediate resistance zone is between $245 and $250. This is a very important psychological and technical level that needs to be broken with significant volume to confirm the next leg up.
If SOL can break clearly above $250 on news of ETF clearance, it is quite likely to quickly move up to the $280–$300 level before the end of October. The combination of Federal Reserve rate reduction, possible Bitcoin strong spillover, and SOL-specific catalysts makes this a very good time for bulls.
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