Overview
- SOL traded near $175 after a roughly 12% weekly pullback even though Solana ETFs took in about $199 million last week and total assets surpassed $500 million across products from Bitwise, Grayscale, and 21Shares.
- ETF demand for Solana contrasted with reported mild outflows from Bitcoin and Ethereum funds, suggesting a potential rotation of institutional capital into SOL.
- Analysts highlight key support at $173–$175 and a deeper Fibonacci zone at $155–$148, while resistance is clustered at $190–$200 and a clear reclaim of $200 is viewed as confirmation of renewed strength.
- Momentum and liquidity have deteriorated, with RSI slipping below 50, a negative MACD turn, and trading volume falling from early October levels.
- Commentary links the price softness to broader risk-off sentiment and policy uncertainty under President Trump, even as longer-term fundamentals such as reported $2.85 billion annualized network revenue and corporate interest like Western Union’s stablecoin plans bolster the bullish case.