Solana price prediction: Key levels to watch

After a strong September run, Solana is holding around $219 to start October. Hype around potential ETF approval is catching the eye of bigger investors.

With bullish momentum building, the Solana price prediction is eyeing $235 as the next major resistance level.

Solana price prediction: Current scenario

Solana (SOL) is heating up again. It’s sitting just shy of $220 after a strong few weeks, and as of early October, it’s trading around $219.

Both retail and institutional investors are piling in. One reason? The ETF hype. Everyone’s watching Bitcoin and Ethereum, but that optimism is lifting the whole altcoin space, and Solana’s looking strong with a growing ecosystem behind it.

With more action in altcoins and traders eyeing top Layer 1s, SOL could be getting ready to pop.

Upside for Solana price

Solana getting past $220 would be a big deal. If that happens, the near-term projection could land between $225 and $235, as long as the momentum stays strong.

With ETF approvals potentially on the horizon, institutional confidence in Solana is growing, laying the foundation for a more favorable Solana outlook. Increased inflows and visibility from ETFs could give prices an extra push.

At the same time, ecosystem development and higher staking demand are reducing available supply, further supporting the case for continued price strength.

Downside risks to SOL price

While the current optimism is encouraging, there remain several risks for Solana’s near-term outlook. 

Should SOL fail to hold above the critical $200 support, a retreat toward $190 could follow, which would disrupt the current bullish pattern and threaten short-term gains. 

Overbought technical indicators hint at a possible consolidation or cooldown phase ahead. Added to that, ongoing macroeconomic uncertainties and a fragile broader crypto market might weigh heavily on price action. 

Even with solid inflows, the SOL price forecast might shift to bearish territory if investor sentiment changes or if there are delays in ETF approvals.

Solana price prediction based on current levels

The main trading range for Solana is $200 to $220. If the price moves above $220, it could head toward $225–$235. But dropping below $200 could shift the Solana price prediction to bearish, with $190 as the next support. 

For now, the Solana price forecast is bullish, backed by improving institutional sentiment, solid on-chain activity, and positive ETF chatter. The expectation is that gains will continue as long as support and liquidity hold strong.