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Solana's key showdown: ETF mania and technical indicators reveal the market outlook

Anatoly 2025-10-31 08:59 59195人围观 SOL

Solana (SOL) real-time price fluctuated around the key range of 194-200 US dollars. It pulled back slightly from yesterday's closing price above 200 US dollars during the day, reflecting the fierce competition between bulls and shorts at important technic
Solana (SOL) real-time price fluctuated around the key range of 194-200 US dollars, with a slight correction from yesterday's closing price above 200 US dollars during the day, reflecting the fierce competition between bulls and shorts at important technical positions.

Interpretation of core news

1. ETF’s historic launch: Bitwise Solana Staking ETF (BSOL)’s first-day trading volume reached US$56 million, far outperforming other Altcoin ETFs. Grayscale Solana Trust (GSOL) was also officially approved to convert into an ETF, bringing US$102 million in institutional holding support to SOL.

2. Major ecological benefits: Global remittance giant Western Union announced that it will issue its stablecoin USDPT on the Solana chain, which is expected to be launched in the first half of 2026. This move significantly enhances the imagination of SOL in real-world financial applications.

3. On-chain performance verification: Solana network’s real-time throughput reached 912 TPS, and its strong technical fundamentals provide a solid foundation for its continued growth.

Key technical signals

· Short-term pressure: US$204-208 constitutes the recent core supply area, and US$210 is the key resistance of the parallel channel. If it can break through with heavy volume, the upward target will point to $225-240.

· Current support: $194 (near the 7-day moving average) is the first line of defense, and the $188-190 area is the core support of the trend. Once it falls, it may drop to $182-183.

· Indicator status: The 4-hour MACD has entered the negative area, indicating that short-term selling pressure has increased. The RSI has fallen back from a high of 62 to around 43, indicating that market sentiment is returning from fanaticism to rationality, providing a healthier foundation for subsequent trends.

Comprehensive judgment and operation strategy

SOL is currently at a critical stage where the news is strong but the technical side needs to be consolidated. The adoption of ETFs and the cooperation of Western Union constitute solid fundamental support, and the short-term price correction can be regarded as a technical repair to the recent surge.

Specific operation ideas:

· Radical operation: When the current price is close to the support of $194, it can be arranged in batches. The stop loss is set below $188. The target is first to see $210, and after the breakthrough, hold to $225.

· Prudent operation: wait for the price to confirm that it has stabilized above US$200 before following up, or fall back to the strong support area of ​​188-190 US dollars and stabilize before intervening.

· Key point: If the closing price effectively falls below $188, you need to be wary of a deeper correction to the $180-183 area, and you should reduce your positions to control risks.

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Summarize:

Driven by both ETF and ecological benefits, Solana's mid- to long-term trend is still positive. The short-term shock is to build momentum for the subsequent rise. Pay close attention to the breakthrough of the support of $194 and the resistance of $210, which will be the key to determining the direction of the next wave.

  The above content is only reference information and does not serve as a basis for investment. The crypto market is unpredictable, so please be safe and have more real-time guidance⬇️⬇️⬇️⬇️




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