The post SOL Tests Critical Support at $183 as SEC ETF Delay Triggers 2.3% Decline appeared on BitcoinEthereumNews.com.

Luisa Crawford
Oct 17, 2025 16:38

Solana trading at $183.07 after SEC postpones ETF decision, testing key support near 200-day moving average while breaking year-long downtrend signals conflicting signals.

  Quick Take • SOL trading at $183.07 (down 2.3% in 24h) • SEC delays Solana ETF decision citing market integrity concerns • Testing critical support near 200-day moving average at $173.95 • Following broader crypto weakness as Bitcoin declines Market Events Driving Solana Price Movement The SEC’s decision yesterday to delay multiple Solana ETF applications has created immediate selling pressure on SOL price, with the token dropping from Tuesday’s highs near $192 to current levels around $183. The regulatory setback comes at a particularly sensitive time, as institutional investors had been positioning for potential ETF approval following the success of Bitcoin and Ethereum spot ETFs. The postponement, citing concerns over “market integrity and investor protection,” represents a significant headwind for near-term SOL price appreciation. This regulatory uncertainty has overshadowed what was otherwise a constructive technical development earlier this week when Solana broke its year-long macro downtrend on October 13th. Despite the ETF setback, the successful reclaim of the downtrend line as support suggests underlying strength in Solana’s market structure. However, the immediate focus has shifted to whether SOL can hold key technical levels amid this regulatory overhang. SOL Technical Analysis: Testing Critical Support Zone Price Action Context SOL price currently sits just above its 200-day moving average at $173.95, marking the first significant test of this key long-term support level since the recent breakout. The token remains well below its shorter-term moving averages, with the 20-day SMA at $210.83 now acting as overhead resistance. Trading volume on Binance spot market reached $1.23 billion in the past 24 hours, indicating heightened institutional interest…

---

Filed under: News - @ October 18, 2025 1:28 am