Solana Drops as ETF Hype Fades – Quick Take

$SOL fell 2.9% to $148.72 in 24 hours.

ETF excitement cooled after Grayscale’s ETF listing; profit-taking kicked in at $152 resistance.

Grayscale’s ETF (C-corp structure) limits immediate institutional demand, similar to their Solana Trust’s slow growth.

Technicals turned bearish: RSI at 48, volume down 25%, failed to break above 50-day EMA.

Key support zone: $144.5–$147.7.

Bitcoin($BTC ) dominance rose to 64.66%, pulling capital from altcoins.

Overall crypto market sentiment is neutral, with altcoins underperforming BTC.