Solana trades near $185 on the 4-hour chart, defending a well-tested support band around $178–$182. Price still respects a short-term downtrend, yet buyers keep absorbing dips at that floor. The tape shows higher reaction lows inside a $180–$195 range, signaling repair after October’s slide.
Solana 4H Range Breakout Watch. Source: TradingView / X
A clean close above $195 would flip the range top into support and unlock the next shelf near $205, with follow-through toward $210–$220 in the short term. Momentum should expand if liquidity above $195 gets taken in one push rather than a grind. In that case, the prior supply zone near $205 acts as the first checkpoint and $210–$220 becomes the measured run.
However, failure to reclaim $195 keeps the downtrend intact. In that scenario, price likely revisits $178–$182, and a decisive break below that base exposes $172–$175. Until the market resolves the $180–$195 box, expect compression and whipsaws around those levels.
Bottom line: the chart stays range-bound with a bullish bias while $180 holds; a $195 breakout is the pivot that turns defense into offense.
Hong Kong approves first spot Solana ETF
Hong Kong’s Securities and Futures Commission authorized ChinaAMC’s spot Solana (SOL) ETF under ticker 3460, confirming approval on October 17. The fund lists on the Hong Kong Stock Exchange on October 27 with a 0.99% annual management fee. At publication time, SOL trades near $182.7 (-1.20%).
ChinaAMC set BOCI-Prudential Trustee Limited as primary custodian and OSL Digital Securities as sub-custodian and trading platform. Investors can trade the ETF in HKD, CNY, and USD, with a board lot of 100 shares in each currency. ChinaAMC already runs spot Bitcoin and Ethereum ETFs in Hong Kong, extending its crypto lineup with Solana.
The approval follows Hong Kong’s move last month to adopt generic listing standards, which removed token-specific filings and accelerated applications. Consequently, issuers filed new products amid rising institutional interest. Meanwhile, markets still watch for possible U.S. SEC action on Solana and other altcoin spot ETFs after earlier timing slipped during the extended U.S. government shutdown.
Earlier momentum came from corporate balance-sheet adoption. In June, MemeStrategy disclosed the purchase of 2,440 SOL for roughly $377,000 at an average price of $155, citing long-term utility across blockchain, decentralized platforms, and AI-driven Web3 use cases.
