Solana Fall Reach $185 Because SEC ETF Delay, Eye $360 Breakout
Solana price scatter reach di $185 support zone afta US SEC push dem decision on plenty spot SOL ETFs go October 16, 2025. Di big crypto market, wey bitcoin just hit new all-time high and Ethereum reach multi-year peak, fall back cus unexpected macroeconomic signals and regulatory caution. Even wit di drop, ETF specialist James Seyffart see di delay as neutral and expect approval by mid-October. SOL test di $180-$190 area again and again and dey trade near $184.9 last Friday. Technical analysts still dey bullish: Ali Martinez talk say six-month ascending triangle dey for SOL chart wey dey target $360 after breakout, call di current dip final buy-the-dip chance. On-chain data show wallets holding over 10,000 SOL reach record high, meaning strong accumulation. Market watcher Sjuul from AltCryptoGems talk say four-month ascending channel and three tests of $200 resistance dey, suggest say if Solana hold over $180, e fit reach new highs. Traders suppose watch these technical patterns and ETF approval timelines for potential entry points.
Bullish
Even though price drop small-small because SEC delay dey push ETF waka, Solana tech side still strong well well. The fall go back to di $180–$190 support place na clear chance to buy when price dey low, just like before when Bitcoin ETF delay cause small small sell-off but e later lead big rally. Analysts like Ali Martinez see say ascending triangle dey target $360, plus record dey for on-chain gathering wey show say market dey bullish. With experts talk sey ETF go get approval by middle October, both short-term traders and long-term investors fit use this chance catch better, e go boost market go high.