Solana ETF Decision Sparks Market Buzz Ahead of October 16
Crypto traders and investors are on high alert this week as speculation mounts around a potential Solana (SOL) ETF approval by the U.S. Securities and Exchange Commission (SEC). Market chatter began after Solana’s official X (Twitter) account posted just two words — “Big Week” — which instantly ignited excitement across the crypto community.
According to renowned crypto analyst Ted Pillows, the SEC could finally reveal its decision regarding Solana’s exchange-traded fund (ETF) as early as Thursday, October 16, 2025. If approved, analysts believe the move could trigger a strong rally that might send SOL prices soaring toward $300.
Why This Week Matters for Solana
The potential SEC approval date has become the central focus for traders worldwide. Even without official confirmation, the anticipation alone has pushed Solana’s price up nearly 8% in the past 24 hours, marking a strong rebound after weeks of decline.
However, there’s still uncertainty. The SEC hasn’t publicly confirmed an exact date, but experts suggest that October 16 could be the most likely window for a decision — especially after the previous October 10 deadline was postponed due to the U.S. government shutdown.
What Happened After the Previous Delay (Oct 10–13)
Before the delay, Solana was trading around $210–$215 alongside ETF applications from Grayscale, Fidelity, and VanEck. Once the decision was postponed, however, the market reacted sharply:
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Price fell below $160, triggered by the ETF delay, concerns over Trump’s China tariff news, and a wave of $19 billion in liquidations.
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After the drop, SOL found stability between $175–$185, suggesting that institutional buyers were accumulating during the dip.
The Comeback: Solana’s Strong Recovery (Oct 11–13)
From October 11 to 13, Solana showed impressive resilience. It formed a bull flag pattern, often a bullish continuation signal in technical analysis.
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Price (Oct 13): $195.65 (+7.93% in 24h)
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Trading Volume: $11.57B (+18.92%)
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RSI: Recovered from 32 to 50–54, signaling growing buying strength
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MACD: Turned slightly bullish
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Support: $180–$185 | Resistance: $210–$215
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The crypto market as a whole also rebounded by roughly 3% during this period.
This momentum indicates renewed confidence in Solana as traders position themselves ahead of the potential ETF approval.
Why October 16 Could Be a Game-Changer for $SOL
Experts believe October 16 is more than just another speculative date. Historically, the SEC tends to issue delayed ETF decisions in the next available business window — making this Thursday the most likely time for a ruling.
Key reasons analysts are optimistic include:
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Whale accumulation: Large holders have been steadily buying SOL, suggesting confidence in an upcoming approval.
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Regulatory timing: Finalizing ETF decisions during a government shutdown could restore confidence in the broader crypto market.
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Market sentiment: Investors are betting on a bullish outcome that could reignite altcoin momentum.
Price Forecast: What Happens Next for Solana?
If the SEC approves the Solana ETF, analysts predict a swift breakout toward $230–$250, with the potential to reach $300 by the end of 2025 if momentum continues.
However, if the approval is delayed again, SOL could consolidate between $185–$200. A failure to hold the $180 support level might even drag prices back down toward $160.
Bottom Line
The next few days could define Solana’s short-term trajectory. With investor sentiment heating up and market indicators turning positive, October 16 may prove to be one of the most significant days in Solana’s history.
Whether the SEC delivers a long-awaited green light or another round of delays, one thing is clear — the crypto market will be watching Solana very closely this week.