🔥 $SOL corrects to $186 while institutional flows remain strong

Current Price and Technical Structure

SOL is trading at $186.85, with an intraday range between $186.70 and $198.00. Although we detect a correction of -4.3% from the high of $198, the bullish structure remains intact within the consolidation channel. Strong support is seen between $185–$190, a key zone to avoid a deeper drop.

- Key Factors in the Market

The staking ETF “SSK” of Solana has surpassed $100M in AUM, reflecting clear indicators of solid institutional demand.

Avalanche of institutional flow and liquidity: very high activity and bullish sentiment despite the technical correction.

Potential rise to $275 if it exceeds the key technical level ($218) and continues the anticipated positioning of the spot ETF.

The probability of approval for the Solana spot ETF is 99%, according to Polymarket data, generating additional bullish expectations.

Key Technical Levels of the Day

Support: $185–$190 (lower margin of channel)

Resistance: $198–$200 (near intraday high)

Critical Zone: Staying above $190 supports a possible rebound towards $200–$218, and if successful, expansion towards $275+

Institutional / Macro View

Solana is consolidating its narrative as a leading high-speed altcoin and productive staking. The convergence of factors — staking ETFs, potential spot ETFs, and favorable regulatory structures — positions it as a pioneer in institutionalization within the crypto sector.

Are you going to take advantage of the drop to $187 to accumulate $SOL or do you prefer to see a close above $190 first? Respond below 👇

For daily analysis, alerts, and quality content:

#Solana #SOL #BinanceSquare #InstitutionalCrypto #AltcoinSurge