The bullish momentum around Solana (SOL) hit a roadblock as regulatory uncertainties cast a shadow over its near-term trajectory. The U.S. Securities and Exchange Commission (SEC) announced a delay in ruling on Franklin Templeton’s proposed Solana exchange-traded fund (ETF) until November 14, 2025. This extension is part of a backlog of more than 90 pending crypto ETF applications, raising questions about the pace of institutional adoption.

Market perception, however, is not shaped by numbers alone. Just as Solana’s ETF delay shows how narratives drive sentiment, PR in crypto often determines how stories unfold in the public eye. Agencies like Outset PR specialize in turning uncertain market conditions into opportunities by providing clarity, data-driven strategy, and perfectly timed narratives—ensuring that visibility translates into measurable business impact.

ETF Impact on Solana

ETFs are a critical mechanism for drawing institutional capital into crypto. A Solana ETF would offer traditional investors a compliant, accessible way to gain exposure, potentially opening the door to billions in inflows. 

By pushing the decision to November, the SEC has created short-term uncertainty that could redirect capital toward assets with clearer regulatory paths like Bitcoin and Ethereum—both of which already have ETF products live or in advanced stages of review.

For SOL, the timing is particularly sensitive. The token outperformed the broader market over the past month with a +25.28% surge, making it a natural target for profit-taking once bullish catalysts faltered.

Technical Picture: Resistance and Cooling Momentum

Solana’s recent rally faced a technical ceiling at $249.12, a Fibonacci swing high that proved too strong to break. The rejection at this level coincides with a series of cooling indicators:

• RSI (14): Now at 69.32, easing down from a peak of 78.32 that signaled overbought conditions.

• MACD: The bullish crossover remains intact, but the histogram has narrowed from +3.18, showing fading momentum.

• Support: The immediate critical level sits at $231.87, aligned with the 23.6% Fibonacci retracement.

Should this level fail, the next target lies at $221.19, the 38.2% retracement level. This would mark a meaningful pullback from the recent highs and signal that short-term traders have ful

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Author: Crypto Daily