Key Takeaways
- Price Decline: SOL dropped 1.21% to $143.38**, struggling below **$147.80 resistance.
Institutional Moves:
- Sol Strategies filed to list on Nasdaq (STKE), holding $61M+ in SOL.
- VanEck’s spot Solana ETF (VSOL) appeared on DTCC’s active list, signaling potential launch.
- Technical Outlook: Falling wedge pattern suggests a rebound if resistance breaks.
Solana’s Price Faces Pressure Despite Institutional Interest
Solana’s SOL token extended its weekly losses to nearly 8%, trading around $145.16** at press time. The cryptocurrency failed to sustain momentum above **$147.80, with trading volume dipping 4.07% to $3.51B over 24 hours.
Institutional Developments
Sol Strategies filed with the SEC to list on Nasdaq (ticker: STKE), holding 420,000+ SOL ($61M+).
- Plans to raise $1B via Canadian regulatory approval.
- Completed a $500M convertible note issuance in April to stake SOL.
👉 Explore Solana’s institutional adoption
VanEck’s Spot Solana ETF (VSOL) appeared on DTCC’s pre-launch list, mirroring its Ethereum ETF’s path.
- Approval could funnel institutional capital into SOL.
"A spot Solana ETF would mark a milestone for crypto ETFs beyond Bitcoin and Ethereum." — Market Analyst
Technical Analysis: Mixed Signals
Patterns to Watch
- Falling Wedge (3-day chart): Historically bullish if resistance breaks.
Critical Levels:
- Resistance: $157 (50-day SMA), $180, $200.
- Support: $125–$130; $144–$145 is key for near-term direction.
| Indicator | Value | Implication |
|---|---|---|
| 50-day SMA | $157 | Bearish below |
| 200-day SMA | $130 | Strong support zone |
👉 Track SOL’s live price action
FAQ: Solana’s Outlook
Q: Will Solana rebound soon?
A: A break above $157** could target **$180+, but failure to hold $144 may extend losses.
Q: How significant is the ETF news?
A: DTCC listing suggests regulatory progress, potentially attracting institutional liquidity.
Q: What’s Sol Strategies’ impact?
A: A Nasdaq-listed SOL-heavy treasury could boost mainstream credibility.
Price Predictions for 2025
- Bullish: $320.26 (DigitalCoinPrice).
- Neutral: $154.86 (Changelly).
- June 2025 Ceiling: $147.75 (+2.1% from current levels).
Bearish sentiment persists, but institutional catalysts could reverse the trend.