Is Solana price pattern actually a bear trap? Experts expect Solana ETF approvals soon as markets brace for Uptober bull moves.
Solana’s recent pullback around the $200 mark may prove short-lived, with analysts pointing to US regulatory decisions that could bring Solana staking exchange-traded funds (ETFs) to market in a matter of days.
ETF specialist Nate Geraci said on Friday that multiple spot Solana ETF applications, including those with staking features, could win approval “within the next two weeks.”
Another flurry of S-1 amendments filed today on spot sol ETFs…
Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, & Canary.
Includes staking (yes, bodes well for spot eth ETF staking).
Guessing these are approved w/in next two weeks. pic.twitter.com/g13NDFKSEU
— Nate Geraci (@NateGeraci) September 26, 2025
His comments followed a wave of amended S-1 filings from major issuers such as Franklin Templeton, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary Capital.
What Do the SEC’s New ETF Listing Rules Mean for Solana?
The filings follow the US Securities and Exchange Commission (SEC) approval of new generic listing standards earlier this month.
The rules cut review timelines from up to 270 days to as little as 75 days, allowing exchanges to fast-track digital asset ETFs beyond Bitcoin and Ether. Reuters reported that Solana and XRP could be among the first beneficiaries, with launches possible as soon as October.
In the meantime, US investors already have access to the REX-Osprey SOL + Staking ETF (ticker: SSK), which debuted on Cboe BZX in July.
It drew $33 million in trading volume on its first day and has continued to post inflows. European markets have also seen steady interest in Solana staking products, setting a precedent for U.S. demand.
$SSK ended day with $33m in volume. Again, blows away the Solana futures ETF and XRP futures ETFs (or the avg ETF launch) but it is much lower than the Bitcoin and Ether spot ETFs. pic.twitter.com/t6LkQwDXLc
— Eric Balchunas (@EricBalchunas) July 2, 2025
Solana traded near $202 on Saturday, down about -2% over 24 hours and more than -10% on the week, as per Coingecko data.
Technical charts show a “rising wedge” pattern, which some see as a risk of breakdown. But others argue the setup could flip into a classic bear trap if ETF approvals arrive on schedule.
Geraci suggested the timeline could act as a spark for a broader “altcoin season.” Still, analysts caution that investor appetite for non-Bitcoin and Ether ETFs remains untested.
For now, markets are watching whether the SEC delivers a decision in October that could reshape the altcoin investment landscape.
DISCOVER: 9+ Best Memecoin to Buy in 2025
Solana Price Prediction: Will Solana Maintain Its $200 Support Zone After the Pullback?
Solana is holding close to the $200 level after a sharp retreat from September highs above $240.
On the 3-day chart, the former range high at $220 has flipped into resistance. Beneath that, price sits on an ascending trendline that has supported the rally since April.
And look where its holding.
Soon friends.$SOL pic.twitter.com/UgNJmXKrux
— Exy (@eth_exy) September 27, 2025
The Bull Market Support Band, now between $178 and $186, is the next safety net if the trendline breaks.
Historically, closing above this band has lined up with extended bullish phases. Key resistance remains at $260, a 2021 high, and the all-time peak near $295.
Momentum has cooled after weeks of steady gains. The rejection at $240 led to profit-taking, pushing SOL into consolidation.
Still, the structure of higher lows and higher highs suggests the uptrend is intact. The $200-$186 area could fuel another push toward $260.
A break below $178, however, risks a deeper slide toward $150.
Token Metrics, a crypto research platform, predicts a sharp upside if the crypto market capitalization grows to $8 trillion.
6/6 TM Price Prediction
Big Picture Paths for $SOL (8T Crypto Market Cap):
🔴 Bear Case: ~$768 (+227%)
🟡 Base Case: ~$926 (+294.9%)
🟢 Moon Case: ~$1,083 (+362%)These are data-driven scenarios based on current market conditions. pic.twitter.com/EQi1s0ehCX
— Token Metrics (@tokenmetricsinc) September 27, 2025
Their models put Solana at $768 in a bear case, $926 in a base case, and $1,083 in a bullish “moon” scenario.
At today’s price near $219, those targets imply multi-fold returns if adoption and liquidity expand.
CoinGlass data shows Solana’s OI-weighted funding rates turned negative in late September as the price dipped under $200.
The move signals that long positions were unwinding. Similar shifts in the past have often marked local bottoms, hinting that sentiment may be overly bearish and setting the stage for a bounce.
Best Solana Play? New Solana Trading Bot That Could Redefine Meme Coin Sniping
Solana traders know speed is everything. When a new meme coin launches, milliseconds separate those who ride the pump from those left as exit liquidity. That is exactly where Snorter Bot Token (SNORT) comes in.
With just 22 days left in presale and over $4.1M already raised, SNORT is building momentum as one of the biggest early-stage trading bot raises of 2025. Tokens are available at $0.1061, but this price point will not last once listings go live.
Snorter is built natively on Solana, delivering ultra-fast mempool scanning and lightning execution that Ethereum-based bots struggle to match. It detects new liquidity pools and token launches in real time, then filters them through contract verification and anti-rug checks.
The result: fewer false positives, more viable early entries, and a tool that puts retail traders on the same footing as whales.
The SNORT token is central to the ecosystem. Simply holding it slashes trading fees to 0.85%, an industry-low that ensures more trades stay profitable.
Holders also unlock unlimited snipes, advanced analytics, staking yields of up to 114% APY, and governance rights to steer the project’s roadmap.
While SNORT functions as a serious utility token, its aardvark branding embraces meme culture, a nod to “sniffing out” early gems before they trend.
Analysts are already calling SNORT a potential 100x play in the next Solana cycle because of this blend of practical advantage and meme appeal.
Visit SNORT HereDISCOVER: 16+ New and Upcoming Binance Listings in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
