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

TL;DR Wyckoff chart shows SOL moving from Phase D to Phase E, hinting at breakout ￰0￱ 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 ￰1￱ Structure Points to Final Phase Solana (SOL) is trading at $202 with a daily turnover of $11.19 ￰2￱ token has regained 3% in the past 24 hours, but has dumped by over 15% over the past ￰3￱ suggest the decline may be part of a longer structure that still points ￰4￱ posted a chart presenting SOL crossing the phases of Wyckoff ￰5￱ to the chart, Solana is transitioning from Phase D to Phase E, which is based on the Son of Wyckoff theory, a concept where markets tend to break ￰6￱ token has traded between $120 and $210, with the current dip portrayed as the final shakeout before a run-up.) September 26, 2025 ETF Filings Bring Institutional Focus ETF filings are also adding attention to ￰7￱ Capital has updated its S-1 registration for its Solana ETF, which plans to both hold and stake SOL through a partnership with Marinade ￰8￱ fund aims to provide investors with exposure to Solana while also passing along staking ￰9￱ Capital files S-1 for #Solana ETF, covering $SOL holdings and ￰10￱ — CryptoPotato Official (@Crypto_Potato) September 26, 2025 As reported by CryptoPotato , Grayscale’s proposed Solana ETF faces its first deadline on October ￰11￱ outcome could determine whether institutional flows begin to support Solana in the same way they did for Bitcoin and Ethereum after spot ETFs gained approval.

Yet, it maintains a cautious ￰12￱ from Polymarket shows traders pegging the probability that Solana would have a new all-time high in 2025 at just 34%. ETF filings and technical structures have fed optimism, but all the same, the sentiment expresses doubt about how fast Solana can make the move up.