Solana Maintains Over $140 Amid Institutional Investor Interest
Solana(SOL) is maintaining technical stability above the $140 level amid news of a spot ETF application. Franklin Templeton's filing of Form 8-A with the U.S. Securities and Exchange Commission(SEC) suggests increasing institutional interest, reflecting a shift in perception toward blockchain assets.
Recent price stability of SOL is also supported by on-chain activity. Data indicates active buying signals at key support levels, and technical analysts suggest a potential resistance zone between $142 and $145. Currently, SOL is trading near $140.75, with a 24-hour volatility of -0.18%.
Industry insiders believe that approval of the Solana spot ETF could promote long-term adoption, though they remain cautious about short-term market movements. Security incidents at major exchanges recently impacted SOL and related tokens, but the market is responding to signs of fundamental improvement. Traders view the current price range as a short-term correction opportunity, and if institutional demand continues, there is potential for a breakout above resistance levels.
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Solana Maintains Over $140 Amid Institutional Investor Interest
Solana(SOL) is maintaining technical stability above the $140 level amid news of a spot ETF application. Franklin Templeton's filing of Form 8-A with the U.S. Securities and Exchange Commission(SEC) suggests increasing institutional interest, reflecting a shift in perception toward blockchain assets.
Recent price stability of SOL is also supported by on-chain activity. Data indicates active buying signals at key support levels, and technical analysts suggest a potential resistance zone between $142 and $145. Currently, SOL is trading near $140.75, with a 24-hour volatility of -0.18%.
Industry insiders believe that approval of the Solana spot ETF could promote long-term adoption, though they remain cautious about short-term market movements. Security incidents at major exchanges recently impacted SOL and related tokens, but the market is responding to signs of fundamental improvement. Traders view the current price range as a short-term correction opportunity, and if institutional demand continues, there is potential for a breakout above resistance levels.