🔥 $SOL corrects to $189 after overcoming $205. Is there still strength to continue rising?
📊 Current price and technical structure
Solana is trading at $189.59, after reaching an intraday high of $191.72 and a low of $179.84. It is close to the critical support between $180–$185, following a 7.6% correction from its high of $205 the previous day.
⚙️ Key factors
The REX‑Osprey Sol + Staking (SSK) staking ETF reported daily inflows of $13.4 M, totaling over $100 M in AUM in just 12 days.
The daily DEX volume on Solana exceeded $3.15 B, and deposits in the ecosystem exceed $4 B.
“Smart money” investors are rotating capital into Solana and DOGE amid the slowdown of ETH, reporting significant accumulation.
Analysts project that the Solana ETF could attract $29–55 B in the first year, and that SOL could reach $200–$250+ if institutional adoption continues.
🔧 Technical level of the day
📌 Key support: $185–$190
📌 Immediate resistance: $191.7–$195
🎯 Critical zone: holding above $190 would pave the way for recovery towards $205–$210, with the possibility of extending to $225–$250
🌐 Institutional outlook / macro view
Solana is consolidating as the preferred option for institutional staking strategies. The SSK ETF offers exposure to SOL along with yield, which is attracting steady inflows. With the narrative of tokenization and active volume in DEX, the potential remains intact, even after a technical correction.
Would you take advantage of the drop to accumulate SOL or are you waiting for confirmation of a bounce above $190? Share your view 👇
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