Solana Holds $128 Despite Mixed Signals as Valour Launches Brazilian ETP and Network Survives Major DDoS Attack
Solana (SOL) is currently trading at $128, up 1.8% over the previous day, as traders see conflicting signals from technical indicators and
Quick overview
- Solana is trading at $128, reflecting a 1.8% increase, amidst mixed technical signals and growing institutional acceptance.
- Valour has launched a Solana exchange-traded product in Brazil, enhancing regulated cryptocurrency access in Latin America's largest economy.
- Solana's trading volume surged by 40% as a golden cross pattern suggests potential bullish momentum, although bearish signals also emerge.
- The network demonstrated resilience during a significant DDoS attack, maintaining transaction speeds and reinforcing investor confidence in its stability.
Solana SOL/USD is currently trading at $128, up 1.8% over the previous day, as traders see conflicting signals from technical indicators and institutional acceptance grows.
Valour Brings Regulated Solana Exposure to Brazil’s Main Exchange
Brasil, Bolsa, Balcão (B3 S.A.) has given Valour, a division of publicly traded DeFi Technologies, permission to introduce its Solana exchange-traded product (ETP) in Brazil. An important milestone for institutional cryptocurrency access in the biggest economy in Latin America was reached on Wednesday with the launch of the Valour Solana (VSOL) product.
By providing local investors with regulated exposure to Solana through a reais-denominated product within conventional financial markets infrastructure, the introduction broadens Valour’s Brazil-listed ETP lineup beyond Bitcoin, Ether, XRP, and Sui. This development coincides with Brazil’s good performance in retail centralized services, decentralized finance activity, and institutional access, placing it fifth internationally in the adoption of digital assets, according to Chainalysis.
Due to institutional tokenization efforts and stablecoin-based payment rails, Brazil’s cryptocurrency ecosystem has been growing quickly. While key platforms like Mercado Bitcoin shift toward real-world asset tokenization to satisfy institutional demand, the central bank has acknowledged the widespread use of stablecoins for cross-border transactions.
Solana’s Trading Volume Surges 40% Amid Golden Cross Formation
Alongside a slight price increase, Solana’s trading activity recently increased by 40%. On SOL’s charts, technical analysts have seen a golden cross pattern, which is typically interpreted as a bullish momentum signal indicating possible higher movement. This pattern occurs when shorter-term moving averages cross above longer-term averages.
The present price activity, however, presents a more nuanced picture. The asset is consistently trying the lower limit without breaking down, and SOL is consolidating within a narrow band of $120 to $130. Though traders are still unsure if this is a sign of a reversal or just a halt before more drop, this compression points to accumulation close to support.
Network Resilience Demonstrated Through 6 Terabit DDoS Attack
When the network was subjected to a distributed denial-of-service (DDoS) attack with a peak speed of 6 terabits per second, Solana’s infrastructure passed a crucial stress test. Transaction speeds and block output stayed consistent throughout the episode, despite the size of the assault, enhancing Solana’s standing as a dependable system under duress.
As institutional products like Valour’s ETP enter the market, network stability has a direct impact on investor confidence in regulated offerings, making this resilience especially important.
SOL/USD Technical Analysis Points to Critical Inflection Point
For traders, Solana’s pricing system offers contradictory possibilities. On the one hand, accumulation and a possible bullish reversal are suggested by the golden cross pattern and the continued defense of the $120 support. Buyers are still active, as seen by the asset’s repeated bounces from this demand zone without further sales.
On the other hand, there are growing bearish signals. Although some analysts contend that such clear formations frequently result in fake-outs intended to flush late sellers before reverting, a clear head-and-shoulders pattern has developed. The fact that Solana closed below its weekly EMA200, which has historically served as a barrier between bull and bear market stages, is more worrisome.
There is immediate resistance between $129 and $132, where prior attempts at a bounce have failed. If $120 does not hold, the next liquidity pocket would be between $112 and $108. A clean rejection from this level would maintain negative pressure.
Solana Price Prediction: Critical Support Levels Define Near-Term Trajectory
The price forecast for Solana depends on how confidently bulls can retake important resistance levels. A clear advance over $145–$146 would invalidate bearish formations and may indicate a trend reversal, while a failure to break above the $129–$132 zone puts bears in control.
On the down side, the main demand zone that shields SOL from a more severe correction is still between $120 and $118. With the weekly macro support at $101–$89, a fall below this level might hasten selling toward $112–$108. Some analysts predict a possible retracement to $30–$50 in an extreme bearish situation, but this would necessitate persistent economic weakness across all cryptocurrency markets.
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