🚨SOL dropped to📈 below $144 even as 📉Sol Strat,,egies looks to Nasdaq to deepen its bet.👇✅

SOL dropped below $144 even as Sol Strat,,egies looks to Nasdaq to deepen its bet.

The native Solana token, $SOL

, down to $143.38 on Tuesday, a decrease of 1.21%, closing near its daily low after failing to hold above $147, according to the technical analysis model from Coin,,Desk Res,,earch.

This weakness came even as the ecosystem received new institutional support: Sol Strat,,egies, a Canadian blockchain-focused company, filed with the U.S. Securities and Exchange Commission on June 18 to seek listing on Nasdaq under the ticker STKE.

Although this demand itself is not an immediate market mover, it highlights an increasing institutional commitment to long-term Solana prospects. Sol Strat,,egies revealed earlier this month that it holds more than 420,000 $SOL , valued at over $61 million, and has made SOL the cornerstone of its treasury strategy. The company is also seeking regulatory approval in Canada to raise up to $1 billion, in addition to a previous issuance of $500 million in convertible bonds in April, which was used to acquire $SOL and contribute to it.

Despite these bullish signals, the SOL token remains in a defensive position. Price action has been confined to a horizontal range for most of last week, with the latest attempt to break above $147.80 failing to gain follow-through. Bears regained control during the last hours of trading, pushing SOL below the psychological support level at $144. With the price trending below key moving averages and trading volume declining mid-session, sentiment remains fragile even as long-term support intensifies.

Key Technical Analysis

The #SOL token traded in a 24-hour range from $143.23 to $147.80, with volatility of 2.83%.

The resistance held at $147.80 after failing to break through during the 22:00 UTC candle on June 18.

The price steadily declined to $143.38, closing near its daily low after weak recovery attempts.

Sellers were active between 13:46 and 14:00 UTC, as the price fell from $144.62 to $143.38 due to strong downward momentum.

The $144-$145 area remains critical; failure to reclaim this area could open the way for deeper support near $140.

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