Solana Holds $137 as Institutional Interest Grows Despite Technical Resistance at $142
Solana (SOL) is trading at $137 and has been very stable over the previous 24 hours. This is because the layer-1 blockchain is at a critical
Quick overview
- Solana is currently trading at $137, showing stability amid critical technical levels and increasing institutional interest.
- Morgan Stanley's recent ETF filing linked to Solana indicates growing institutional adoption in the crypto space.
- The stablecoin market cap on Solana surged by $900 million in a single day, reflecting its increasing utility in financial markets.
- Short-term price predictions suggest Solana will trade between $136 and $142, with a bullish long-term outlook if market conditions improve.
Solana SOL/USD is trading at $137 and has been very stable over the previous 24 hours. This is because the layer-1 blockchain is at a critical technical point. Even while prices aren’t moving much, changes in the Solana ecosystem signal that more institutions are using it and that it will be more useful in the future, which could affect prices.
SOL/USD Technical Analysis: Key Levels to Watch
From a technical point of view, Solana is having trouble breaking through the $142 level, which has been a tough hurdle to break over in recent trading sessions. If SOL can’t break through this resistance zone, traders should keep an eye on the first support level at $138 and then the major support level at $136. If the price drops below $136, there could be more selling pressure, which could lead to more losses.
The current consolidation pattern shows that there is a lot of uncertainty in the crypto markets. For example, SOL is down about 54% from its $300 price point in early 2025. This big correction has lowered the values of stocks and treasury assets that are connected to cryptocurrencies, which is making things harder for companies who have a lot of Solana exposure.
Institutional Adoption Accelerates with Morgan Stanley ETF Filing
Morgan Stanley filed papers to construct three cryptocurrency exchange-traded funds, one of which is linked to Solana. This was a big reason for the long-term euphoric mood. This action shows that institutions are still interested in getting into crypto, even though the market has been volatile lately. ETF products usually give regular investors controlled access to digital assets, which might bring a lot of money into the ecosystem.
The timing is right because the fundamentals of Solana’s network are getting stronger. Anatoly Yakovenko, one of the co-founders of Solana, recently talked about how the platform has better throughput and lower latency than other networks. This means that it can handle massive amounts of data quickly and easily, which is a big plus as blockchain technology becomes more popular in financial applications.
Solana’s Stablecoin Market Cap Surges $900M in Single Day
The network’s stablecoin market worth grew by $900 million in just 24 hours on Tuesday, hitting $15.3 billion, according to DeFiLlama statistics. This is probably the best sign of how useful Solana is becoming. This huge rise came after Jupiter released its JupUSD stablecoin, which was made in collaboration with Ethena.
Circle’s USDC is the most important stablecoin on Solana, making up more over 67% of the network’s total stablecoin market worth. The rise is due to more people investing as Solana becomes a center for online financial markets, where all value exchanges happen through blockchain technology.
According to Moody’s Investors Service, settlement volumes for tokenized real-world assets (RWAs) will rise by 87% in 2025. Stablecoins have become an important part of this infrastructure. It is expected that the RWA market would reach $30 trillion by 2030, and stablecoins will be important for providing liquidity and settling transactions.
Solana Price Prediction: Range-Bound Near-Term, Bullish Long-Term Setup
It looks like Solana will trade between $136 and $142 in the immediate future as markets digest recent gains and look at the state of the economy as a whole. If SOL breaks above $142, it might go for the $150-$155 zone. If it can’t hold $136 support, it might try the $120-$125 level, where recent lows were set.
But the combination of institutional ETF interest, explosive stablecoin growth, and better technical infrastructure makes for a positive long-term outlook. If the overall mood in the crypto market becomes better and Solana keeps getting real-world uses, it looks like it might go back to the $200-$250 range in the next 6 to 12 months.
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