Solana (SOL) is regaining market strength as traders eye a potential breakout while the community braces for a major October 20 announcement. The project’s official X account posted a short teaser showing stacked glowing cards with a payment chime, igniting widespread speculation about a Solana-branded debit or credit card. The video, ending with the date “October 20, 2025,” suggests an upcoming reveal that could redefine Solana’s role in blockchain-based payments.
SOL Enters a Key Accumulation Phase
According to CryptoPulse, Solana has firmly established an accumulation zone between $175 and $200. The daily chart highlights repeated rebounds from lower wicks near $182, signaling strong demand.
This region has consistently attracted buyers, confirming it as a crucial support base. Consequently, a breakout above $200 could trigger a rally toward the $270–$280 range. Institutional participation remains steady, with ETF approvals adding momentum to Solana’s bullish structure.
Moreover, growing interest from major funds underscores Solana’s growing role as a high-performance blockchain capable of rivaling Ethereum. The network’s expanding developer base, low transaction costs, and scaling efficiency continue to reinforce long-term confidence. Hence, the current consolidation may serve as a launchpad for renewed upward momentum once broader market sentiment improves.
Short-Term Dip Remains Possible
While the broader trend remains constructive, Crypto Tony cautions that a short-term correction could still occur. He suggests that SOL might dip toward $155–$160 over the coming weeks after testing $192 resistance.
Source: X
This range coincides with earlier accumulation zones, indicating that any pullback may present another opportunity for reaccumulation. Such corrective movements are common in ongoing uptrends, often helping reset momentum before the next leg higher.
At press time, Solana trades at $189.91, marking a 2.64% daily gain and a 4.58% rise over the past week. The asset now commands a market capitalization exceeding $103 billion, with trading volumes reflecting continued investor engagement.
