Solana ($SOL) Slides 3.8% as SEC Postpones ETF Decision to October
Solana ($SOL) , a prominent crypto asset, has gone through a noteworthy market downtrend on Friday. As per reports, Solana’s ($SOL) price has touched $187.92 after a 3.86% dip over the past twenty-four hours.
A key factor behind this decline is reportedly the delay in the United States Securities and Exchange Commission’s (SEC) decision over Solana ETF proposals despite the crypto-friendly administration of Donald Trump. Hence, now, the respective decision has been postponed to the 16th of October.
$SOL Market Value
At this time, Solana ($SOL) is changing hands at $187.92, presenting a 3.86% slump over 24 hours. The current price level indicates a recovery following a substantial plunge from the notable $198 mark. Thus, after a drop to $183, it has been gradually moving upward, raising the possibility for notable growth in the near term.
$SOL Key Statistics
Just like the price slump, the market cap and 24-volume of Solana ($SOL) have also recorded considerable dips.
- Market Cap: The current market capitalization of Solana ($SOL) stands at $101.46B, displaying a 3.87% drop over twenty-four hours.
- 24-Hour Volume: Just like market capitalization, $SOL has recorded a 42.98% plunge in its 24-hour volume.
- Supply: The cumulative supply of Solana ($SOL) accounts for 607.61M $SOL, while its circulating supply has reached 539.93M $SOL.
$SOL Price Analysis
At the start of the latest 24-hour session, $SOL was hovering around $195.07. Subsequently, it briefly jumped to $198.13 and then declined. Thus, over the next few hours, it dropped to the low-price level of $183.76. However, after that, the price has been gradually moving upward, as its present price is $187.92 .
Keeping this in view, the 24-hour performance of $SOL highlights a 3.86% drop in its price. However, in line with the current recovery, the notable altcoin can overcome its short-term decline to soon break above the immediate resistance.
$SOL Support and Resistance Levels
Based on the price chart of Solana ($SOL), $190 serves as the immediate resistance level. Subsequently, after surpassing $190, it could find resistance at $198 and the psychological $200 mark.
Contrarily, the immediate support level for $SOL is $183.76. After that, $179.36 and $73.68 operate as the 2nd and 3rd resistance levels.
$SOL Price Prediction
The gradual recovery in $SOL’s price signifies its potential to shortly enter the green zone. Hence, in the case of the current trend’s continuation, $SOL is anticipated to gain a 4.25% over the next 30 days. As a result of this, it could reach the $196.09 mark over the month.
Bifrost and Meria Shake Hands to Expand Crypto Staking Opportunities in France
Bifrost and Meria set together for the expansion of crypto staking in France with liquid staking tok...
Ethereum vs Bitcoin 2025: Can SEI Outperform Leading Cryptos Next Bull Run?
As the 2025 bull run approaches, analysts debate Ethereum vs Bitcoin dominance—while SEI emerges as ...
Ethereum Foundation-Linked Crypto Wallet Sells $33.25 Million in $ETH
The market data provided by Lookonchain reveals that the Ethereum Foundation related wallet has sold...