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Key Notes
- Following a healthy pullback, SOL price is showing signs of a bullish pattern, eyeing a strong breakout past $240.
- Grayscale’s proposed Solana ETF (GSOL) awaits SEC approval and will come with a 0.35% management fee.
- JPMorgan estimates the ETF could attract $1.5 billion in first-year inflows, reflecting growing institutional interest in Solana.
SOL
SOL
$220.3
24h volatility:
0.5%
Market cap:
$120.24 B
Vol. 24h:
$7.05 B
, the native cryptocurrency of Solana, is once again under the grip of broader market volatility. SOL price is now testing a crucial support at $220, and faces a make-or-break situation. On the other hand, optimism around the Solana ETF is growing as digital asset manager Grayscale files for an S-1 amendment for its Grayscale Solana Trust (GSOL).
SOL Price Tests a Crucial Support, Will a Rebound Follow?
Over the past month, SOL price has seen strong volatility and has oscillated in the range of $190 and $250. With almost nil returns over the past month, Solana is once again trading at a crucial support level at $220.
Crypto analyst Ali Martinez said that the $217 level will be a key pivot point for Solana. This will determine whether the cryptocurrency rebounds higher or faces a potential breakdown. Martinez noted that price action around this zone will likely set the tone for Solana’s next major move.
$217 will decide whether Solana $SOL rebounds or breaks down! pic.twitter.com/woo51tGpYy
— Ali (@ali_charts) October 10, 2025
Crypto analyst BitGuru noted that SOL price is showing a bullish pattern formation following a healthy pullback, signaling potential upside momentum. The analyst highlighted that SOL is holding firm around the $220 level, adding that a breakout above the $240 resistance zone could open the door for a move toward $253. However, as per the image below, if SOL slips under $200, the next stop could be at $190.
$SOL showing a change of pattern as it forms a bullish structure after a healthy pullback.
Price is holding strong around $226, and if it breaks above the $240 resistance zone, we could see a move toward $253 next. Momentum is building. pic.twitter.com/hMp1RZgjb4
— BitGuru 🔶 (@bitgu_ru) October 9, 2025
Grayscale Solana ETF Awaits Approval
The US Securities and Exchange Commission will take a final call on the Grayscale Solana ETF (GSOL) expected on Oct. 10. The crypto asset manager has disclosed plans to charge a 0.35% management fee for the proposed fund, according the SEC filing.
Grayscale is awaiting SEC approval to list GSOL on NYSE Arca, though the process has been delayed amid the ongoing US government shutdown. Earlier this week, Grayscale also partnered with Figment for institutional staking for Solana.
Banking giant JPMorgan estimates that Solana exchange-traded funds (ETFs) could attract approximately $1.5 billion in inflows within their first year of trading. Matt Hougan, Chief Investment Officer at Bitwise, said traditional finance (TradFi) investors are becoming increasingly bullish not only on Bitcoin but also on Solana.
Hougan added that Solana ETFs are expected to launch within the next few weeks, with expectations of strong investor demand and inflows once trading begins.
Pepenode (PEPENODE) Gains Traction for Meme Coin Mining
Pepenode (PEPENODE) is making waves in the crypto space, offering users a platform to engage in virtual mining of memecoins. Pepenode’s gamified mining system allows participants to rig, earn rewards, and burn supply, positioning the project as one of the best crypto presales of 2025.
The project has seen a sharp increase in funding, growing from $544,648.31 a month ago to $1,781,485.88 raised to date. The current token price stands at $0.0010962.
Presale Stats:
- Current price: $0.0010962.
- Amount raised: $1.78 million.
- Ticker: PEPENODE.
Pepenode promises up to 3,022% in staking rewards, making it highly attractive for early participants. Purchases can be made using credit or debit cards as well as cryptocurrencies, broadening accessibility for a diverse range of investors. Want to learn more? Read our article about how to buy PEPENODE.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
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