Solana Price Falls Below $180 Despite Weekly ETF Gains, Will SOL Rebound Today?

Solana, which witnessed $419 million ETF inflows in the U.S. with its BSOL and GSOL products last week, is nearly 6% down today. It broke below the key support at $180 and continues the downtrend despite the ETF gains.

While multiple market experts signal a rebound for Solana soon due to the anticipated Alpenglow consensus upgrade and the partnership with Western Union, others suggest the continuation of the downtrend. Currently, SOL is trading at $176.25.

Source: TradingView

Why is Solana Down Today? Market Outlook

The market-wide liquidation affected major altcoins, including Solana, which broke below the 100 billion market capitalization today. The correction was due to the ongoing profit-taking momentum, the uncertainty regarding the continuation of the U.S. government shutdown, and the technical weakness.

Solana is more than 40% down from the all-time high of $294.33 it achieved 9 months ago, on January 19th, 2025, and the recent transfer from whale wallets to exchanges increases the risk. However, the fundamentals, the upcoming upgrades, and the partnerships make it a strong asset that will likely witness institutional inflow soon. 

Solana’s ETF Momentum to Reignite the SOL Bull Run Soon

Following the certification of the 8-A filings by the New York Stock Exchange (NYSE) that effectively bypassed the manual approval by the SEC, Bitwise’s SOL spot ETF and Grayscale’s SOL ETF commenced trading on October 28th and 29th, respectively. Both ETFs together witnessed around $199 million in inflows before closing on October 31st.

Bitwise’s BSOL ETF, which witnessed $417 million in inflows, surpassed BlackRock’s IBIT as the top crypto ETF of the past week. While the SOL ETF momentum was highly positive in the charts, the correction in the entire crypto market significantly affected SOL in the charts. However, the positive momentum is expected to rebound after the current profit-taking frenzy.

Is Solana Expected to Rise Today? Short-Term Price Prediction

The short-term price prediction suggests that Solana will trade between $172 and $176 today. The key Fibonacci supports are $174.39, $159.01, and $134.11. The resistance levels are $224.19, $239.57, and $264.47. A weekly forecast till next Monday is provided in the table below.

Can Solana Hit $500? Long-Term Price Prediction

The partnership with Western Union, which has chosen Solana as the chain to build its stablecoin USDPT, is expected to increase the market capitalization of SOL in the coming months. Also, the Alpenglow consensus upgrade, which will drastically reduce transaction finality time from the current average of 12.8 seconds to just 100 to 150 milliseconds, increases the long-term optimism surrounding the asset. Let’s check its price movements in the coming months and in the long run.

Solana (SOL) Price Prediction: November, December 2025

SOL will likely reach $204.42 before the end of 2025. 

Solana (SOL) Long-Term Price Prediction: 2025 to 2030

SOL will likely reach a maximum value of $439.3 by 2030.

Disclaimer: These Solana (SOL) price forecasts are based on predictive modeling and should not be considered financial advice.

The Bottom Line: Is SOL a Good Investment at the Moment?

Various investors consider Solana’s ongoing downtrend as a perfect dip to purchase it, and the above-provided price predictions align with this view. However, it is important to become aware of the inherent volatility in the Solana charts and in the crypto industry in general. Always try to do maximum research on your own before making critical investment decisions on Solana.

Also Read: Solana (SOL) Price Prediction 2025, 2026-2030

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