Can Solana Hit $250 by Halloween? Hong Kong ETF Approval Provides Fresh Catalyst

• Solana (SOL) price reclaims $186, consolidating after the recent market crash.
• Analyst ‘BitGuru’ sees potential for $210-$220 if SOL breaks the key $195 resistance level.
• Hong Kong’s first Spot Solana ETF approval adds a bullish catalyst ahead of its Oct 27 launch.

Solana (SOL) price pushed back above $186 (as of October 23), showing signs of recovery alongside Bitcoin’s move above $109K. However, like BTC, SOL has also been mostly range-bound since the market crash earlier in October. 

Analyst BitGuru shared a four-hour SOL chart showing the asset in a clean downtrend but holding firm support around $180. He noted that the market is showing signs of a potential reversal with buyers slowly stepping in.

“A breakout above $195 could open doors toward $210–$220 in the short term,” said BitGuru. 

BitGuru’s chart shows a recent shift from a steep decline near…

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