SOL’s Final Dip? Analysts Project $500 Target This Market Cycle

Solana bulls spot a buying opportunity as analysts flag potential final correction before major upward trajectory.

Market Positioning

Technical charts suggest SOL testing key support levels while maintaining strong network fundamentals. The $500 price target reflects growing institutional confidence in Solana's scalability advantages over legacy blockchain networks.

Cycle Analysis

Historical patterns indicate altcoins typically experience one last significant pullback before parabolic moves. Trading volume patterns mirror previous cycle behavior when SOL rallied 800% in similar conditions.

Risk Factors

Network congestion concerns linger despite recent upgrades, while regulatory uncertainty continues casting shadows across the entire crypto sector—because what's finance without some good old-fashioned regulatory theater?

With development activity hitting new highs and institutional inflows accelerating, the stage appears set for Solana's next major move. Whether this truly marks the final dip remains the million-dollar question—or more accurately, the five-hundred-dollar prediction.

Wyckoff Structure Points to Final Phase

Solana (SOL) is trading at $202 with a daily turnover of $11.19 billion. The token has regained 3% in the past 24 hours, but has dumped by over 15% over the past week. Analysts suggest the decline may be part of a longer structure that still points upward.

ZYN posted a chart presenting SOL crossing the phases of Wyckoff accumulation. According to the chart, solana is transitioning from Phase D to Phase E, which is based on the Son of Wyckoff theory, a concept where markets tend to break above. The token has traded between $120 and $210, with the current dip portrayed as the final shakeout before a run-up.

ZYN commented,

“$SOL is in the final phase of its Wyckoff accumulation. This is probably the last big dip before a big rally in Q4.” He added, “I think anyone buying SOL at these levels will be happy in 2-3 months. $500 SOL is programmed this cycle.”

Key Levels and Market Signals

Wise crypto shared a separate chart showing SOL trading at a critical support zone around $180–$177. This range matches the lower boundary of a rising channel that has guided the price action since March.

Notably, the Stochastic RSI indicator is now in oversold territory, often seen before relief rallies. Wise Crypto noted that if this support holds, the asset could rebound toward $240–$250. They also warned that if the zone breaks, the next major support lies NEAR $150. The analyst described the current setup as a “make-or-break moment” for SOL and suggested traders wait for confirmation before entering.

$SOL at Critical Support Zone!

$SOL is currently trading at a key support level around $180–$177. The Stochastic RSI is signaling oversold conditions, suggesting a potential bounce could be on the horizon.

If this support holds, we could see a strong MOVE toward the… pic.twitter.com/2YB2ZaUAwd

— Wise Crypto (@WiseCrypto_) September 26, 2025

ETF Filings Bring Institutional Focus

ETF filings are also adding attention to Solana. Canary Capital has updated its S-1 registration for its Solana ETF, which plans to both hold and stake SOL through a partnership with Marinade Finance. The fund aims to provide investors with exposure to Solana while also passing along staking rewards.

Canary Capital files S-1 for #Solana ETF, covering $SOL holdings and staking. pic.twitter.com/5eRtsxCzhp

— CryptoPotato Official (@Crypto_Potato) September 26, 2025

As reported by CryptoPotato, Grayscale’s proposed Solana ETF faces its first deadline on October 10. The outcome could determine whether institutional flows begin to support Solana in the same way they did for Bitcoin and ethereum after spot ETFs gained approval.

Yet, it maintains a cautious stance. Data from Polymarket shows traders pegging the probability that Solana WOULD have a new all-time high in 2025 at just 34%. ETF filings and technical structures have fed optimism, but all the same, the sentiment expresses doubt about how fast Solana can make the move up.

For now, Solana sits at a key point where both technical and regulatory factors will shape its next move.