1️⃣ How will the approval of Solana Spot ETF affect short-term trends?

The opening of institutional entry channels has always been a significant variable. Referring to the market reaction after the approval of the Bitcoin ETF, I believe there may be two scenarios:

· Optimistic scenario: If it passes smoothly in early October, SOL is likely to quickly break through the previous high of $260 and even test the $300 resistance level.
· Volatility scenario: Even if it doesn't pass, the fundamental support of the SOL ecosystem is still there, and a pullback may be a layout opportunity.

Key attention should be paid to the changes in institutional holdings such as Grayscale; large capital movements often precede price performance.

2️⃣ Prediction of the SOL price range by the end of the year

Deriving from three dimensions:

· Technical Analysis: Weekly level breaks the descending channel, $200 has become new support.
· Capital situation: The expectation of ETF brings incremental capital expectations, and institutional holdings have increased by 17% in September.
· Ecological aspect: The TVL of protocols like Jito and MarginFi continues to grow, with strong fundamental support.

My personal prediction for the target range by the end of the year is between $320-450. If the macro environment aligns (with the beginning of an interest rate cut cycle), it is expected to break through the previous high.

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