SOL Drops Below $150 After Sell-Off Despite Growing Institutional Adoption Narrative

Solana's SOL SOL fell 4.24% implicit the past 24 hours to commercialized astatine $149.46, retreating from a precocious of $158.54 pursuing a crisp overnight sell-off. Trading measurement surged arsenic SOL broke beneath $155 enactment precocious Monday, with the terms yet bottoming astatine $148.68 earlier entering a choppy consolidation astir the $150 mark.

Despite the short-term pressure, immoderate organization investors stay optimistic astir Solana’s semipermanent positioning. On Monday, Cantor Fitzgerald launched coverage of 3 nationalist companies — DeFi Development Corp (DFDV), Sol Strategies (HODL), and Upexi (UPXI) — that clasp SOL arsenic a treasury asset. The steadfast assigned each 3 “overweight” ratings and emphasized Solana’s method strength.

Cantor’s analysts argued that Solana has outpaced Ethereum successful caller developer maturation and method performance, citing on-chain metrics that amusement higher throughput and little latency. The study added that firms utilizing SOL arsenic a treasury plus presumption it arsenic a superior contender to situation ETH’s dominance, contempt ether inactive having a marketplace headdress 2.5 times larger.

While the caller correction has erased overmuch of the weekend’s gains, SOL remains supra past week’s enactment zone. Traders are present watching whether the token tin clasp the $148–$150 scope oregon if further downside unit volition emerge.

Technical Analysis Highlights

• During the investigation window, SOL-USD dropped 7.0% from $158.804 to $147.746, forming a 24-hour scope of 11.058 points.
• The steepest sell-off occurred betwixt 22:00 and 00:00 UTC connected measurement exceeding 2.7 cardinal SOL, breaking down done $155 support.
• Price aboriginal stabilized astir $152 and traded successful a tightening scope betwixt $151 and $154.
• The $152–$153 portion transitioned from enactment to absorption during the correction, with $148.68 marking the league low.
• At 07:57–07:58 UTC, terms dropped from $153.118 to $152.680 connected a spike exceeding 150,000 SOL successful volume.
• Toward the extremity of the investigation period, SOL consolidated betwixt $153.400 and $152.680 with declining volatility, signaling hesitation among some bulls and bears.

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