👍👍$SOL broke down the circle yesterday.
✅️☑️Solana’s price fell 2.9% to $148.72 in 24 hours due to fading ETF optimism, technical resistance, and broader crypto market weakness.
📊ETF enthusiasm cooled after initial hype around Solana’s inclusion in Grayscale’s ETF.
📊🔥Key technical resistance at $152 held, triggering profit-taking.
🔥🟡Bitcoin dominance rose to 64.66%, diverting capital from altcoins like SOL.
🔥📍🔥Solana briefly rallied to 🔥🔥$160 on July 1 after Grayscale’s SEC-approved Digital Large Cap Fund ETF went live, which includes SOL (Grayscale ETF Triumph).
⚠️✖️However, the price reversed as traders realized the ETF’s structure (a C-corp) limits immediate institutional demand. Analysts noted parallels to Grayscale’s Solana Trust (GSOL), which holds just $75M after two years (SOL ETF Fades).
