SOL’s faces a fresh wave of challenges from competing blockchains, and the path to $250 depends on a potential spot ETF approval and institutional inflows.
SOL traders saw the drop to $190 as the perfect buy opportunity and with the SEC set to decide on Solana ETFs by October 10, the altcoin could be en-route to new highs.
Bitcoin’s swift rally to $114,000 shows bulls are back, but a CME gap near an underlying support could see a retest of $111,000 before Uptober really starts.