Overview

• After a pullback from near $250, SOL fell below $220 and the 100‑hour simple moving average, with a bearish trendline capping rebounds around $222 and intraday lows near $207 (Kraken data).
• Reported 24‑hour trading volume exceeded $12 billion, and analysts warn a break of $200–$202 could trigger liquidity‑driven volatility around this psychological level.
• CoinCentral notes a TD Sequential double buy signal at the $210 area within a rising channel since August, pointing to recovery potential if $222–$230 is reclaimed.
• Institutions increased exposure by roughly 590,000 SOL over the past month, while corporate staking commitments surpassed 8.27 million SOL (about $1.7 billion), with reported yields near 7%–8%.
• Coverage cites payment‑sector interest, including reported Stripe and PayPal integrations and a plan by Forward Industries to tokenize its equity on Solana, presented as longer‑term adoption drivers.