SOL’s Last Dip? Analyst Sees $500 Target This Cycle

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TL;DR

  • Wyckoff chart shows SOL moving from Phase D to Phase E, hinting at breakout potential.
  • SOL must hold $177-$180 support; failure risks $150, while bounce targets $240-$250.
  • ETF filings and institutional focus grow, though markets give only a 34% chance of new highs.

Wyckoff Structure Points to Final Phase

Ah, Solana. Always the drama queen of the crypto world. Trading at a crisp $202 and pulling in a neat $11.19 billion in daily turnover, the token has been swinging between brilliance and despair. With a modest 3% recovery in the past 24 hours, it’s still down a whopping 15% over the past week. But don’t go planning a funeral just yet – analysts are whispering that this might be part of some larger-than-life story that still has an epic ending.

ZYN, the crypto equivalent of a fortune teller, posted a chart showing Solana transitioning from Phase D to Phase E in its Wyckoff accumulation saga. Essentially, it’s on the cusp of a breakout, and if you’re lucky (or just stubborn enough), it could be the last dip before a rocket ride up. The current price range of $120-$210? Oh, that’s nothing. Consider it the final “shakedown” before the next big rally. Buckle up, buttercup.

ZYN had this to say:

“$SOL is in the final phase of its Wyckoff accumulation. This is probably the last big dip before a big rally in Q4.”

He added, “Anyone buying SOL at these levels will be grinning in 2-3 months. $500 SOL? Oh yeah, it’s coming.”

Key Levels and Market Signals

Wise Crypto, aka the guy who’s always watching, shared a chart showing that Solana is currently lounging at a key support zone around $180-$177. This zone? It’s the lower boundary of a rising channel that’s been guiding the price since March. Kind of like a road trip – if you veer off, things could get bumpy.

Now, let’s talk about the Stochastic RSI. It’s doing that thing again – sitting deep in oversold territory. Translation? We might be on the verge of a rally. But hey, Wise Crypto isn’t ready to throw a party just yet. If this support holds, we could be looking at a move to $240-$250. If it doesn’t? Oh, well, the next major support is around $150. Don’t say we didn’t warn you.

$SOL at Critical Support Zone!

“$SOL is hanging at a key support level around $180-$177, with the Stochastic RSI signaling a possible bounce.”

If this support holds, expect a nice move up towards… you guessed it, $240-$250.

– Wise Crypto (@WiseCrypto_) September 26, 2025

ETF Filings Bring Institutional Focus

Ah, the institutional crowd. Nothing gets them more excited than ETF filings. Canary Capital has updated its S-1 registration for a Solana ETF, and this one’s got all the bells and whistles. The fund plans to hold and stake SOL through a partnership with Marinade Finance. Essentially, they’re offering investors the chance to ride the Solana wave while getting a slice of staking rewards. Who wouldn’t want that?

Canary Capital files S-1 for #Solana ETF, covering $SOL holdings and staking.

– CryptoPotato Official (@Crypto_Potato) September 26, 2025

Meanwhile, Grayscale’s Solana ETF is counting down to its first big deadline on October 10. Will this be the moment when Solana gets its institutional stamp of approval? Who knows. Data from Polymarket shows that traders are betting there’s only a 34% chance Solana will hit new all-time highs in 2025. Yes, the ETF filings are generating some buzz, but even the optimists aren’t entirely sure about how quickly Solana will make its move.

For now, Solana is sitting pretty at a crossroads. With both technical and regulatory factors hanging in the balance, its next move could either make you a crypto genius or make you wish you’d never heard of the word “blockchain.”

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2025-09-27 09:14