Solana Price Prediction: Osprey S-1 Filing and Hong Kong ETF Launch Could Push SOL to $250?

Jakarta, Pintu News – Solana (SOL) prices have stabilized back above $180 after a tumultuous few weeks. SOL prices continue to show recovery as new ETF filings and increased global institutional activity strengthen investor confidence.

Market sentiment improved, driven by signals of a technical rebound and increased cross-border participation in Solana-based funds.

Solana price action hints at breakout zone towards $250

Solana price showed a strong recovery from the demand zone at $170, forming a clear triple bottom pattern – signaling selling pressure is starting to weaken. The first decline occurred around October 10 when the market responded to new tariff tensions between the US and China, which pushed SOL into oversold territory.

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However, buyers soon stepped in and pushed the token price up to $211 on October 14, although it was later rejected around $208, which became an area of strong resistance. SOL then retreated back to the same demand zone on October 17, suggesting that accumulation interest had re-emerged.

Subsequently, there was another bounce on October 21, with the price touching $197 before returning to the $170 level on October 22 – confirming the formation of the third bottom in the pattern. This consolidation phase has now formed a solid support area below the descending resistance line that previously defined the downtrend.

Meanwhile, if the price manages to break out of the $197-$208 zone, a quick push towards $250 is likely. Overall, this structure reinforces the bullish outlook in the short-term and supports Solana’s price prediction of a gradual but convincing recovery.

ETF Filing Reinforces Institutional Narrative Around Solana

The filing of S-1 documents by Osprey Funds with the US Securities and Exchange Commission (SEC) is an important step towards accessing regulated Solana investments. It reflects increased institutional participation as well as recognition of the maturity of the SOL market.

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Meanwhile, the approval of the first Solana ETF in Hong Kong reinforced the global expansion of digital asset investment products. Adding to this momentum, the filing of the first active crypto ETF by T. Rowe Price is a major milestone for institutional entry into the world of digital assets.

The fund includes Bitcoin (BTC), Ethereum (ETH), Solana, and XRP (XRP) – signaling the company’s long-term confidence in the potential of major cryptos.

On the other hand, the convergence of ETF activity across major jurisdictions demonstrates the increasing legitimacy of Solana and its appeal among institutions. Overall, these developments increase the visibility of the Solana project and are in line with the ongoing technical recovery.

Ultimately, Solana prices are forming the foundations of a strong recovery, supported by the development of global ETFs. The triple bottom pattern provides a clear technical floor and continues to be defended by buyers. Filing by Osprey, ETF approval in Hong Kong, and SOL’s inclusion in ETF T.

Rowe Price highlights Solana’s growing institutional status. In the event of a convincing breakout above $208, this could solidify the bullish formation and pave the way for a further rally to $250.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Solana Price Eyes $250 as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes. Accessed on October 24, 2025