Key Insights:
- Solana price targets $152 as support holds despite ETF cancellation concerns.
- Corporate treasury adds 16M+ SOL, which adds confidence toward long-term recovery.
- Trendline reaction to bullish structure as traders look at $150-$170 area.
Solana price is stable above $130 despite a mild 2% decline today. Market conditions remain mixed.
However, the SOL price showed strength this week, rising 8%. Traders are currently watching support levels, ETFs, and increasing institutional demand for new directional triggers.
ETF Uncertainty Adds Pressure to Sentiment
CoinShares has removed its US ETF registrations for Solana, XRP, and Litecoin. This move surprised traders, as interest in Solana investment products has been increasing throughout this year. The firm cited problems in the process of establishing the fund.
The cancellation creates uncertainty in a sensitive time in the broader market. The crypto coin market is down 1.27% over the last 24 hours, with a 30-day decline of 18%.
Still, Solana has significant strength and strong liquidity. Trading volume increased 14.6% to $4.06 billion, indicating sustained participation.
This unexpected withdrawal stands in stark contrast to the growing demand for Solana across international markets. It also raises questions about timing, given the growing institutional focus on Solana in 2025.
Corporate Treasuries Increase Their Holdings Quickly
Corporate treasuries are greatly boosting their Solana positions. They now hold more than 16 million SOL. This trend of accumulation started in late summer of 2025 and accelerated dramatically through November.
The growth pattern indicates robust confidence among corporate investors. Treasury purchases have increased month to month from April to November. The steady demand implies a long-term belief in Solana’s potential.
Additionally, the increase in treasury accumulation offsets some of the negative sentiment from the CoinShares withdrawal. It indicates that high-value entities have remained engaged despite regulatory difficulties. This wider support helps to shore up Solana’s price near current levels.
Support Structure Holds as Solana Price Consolidates
Meanwhile, the Solana price is currently sitting on strong intraday support in the $136-$137 range. The Moon Show charts highlight SOL price moving inside a green accumulation zone.
They display anchored VWAP levels that guide traders on key support and resistance. Point-of-control levels further confirm where the Solana price consolidates most actively. This part has formed a temporary floor several times this week.
The technical structure indicates that a weekend bounce-back may be possible. The chart shows the equal tops overhead, which are often magnets for liquidity-based moves.
A reclaim of $140 could trigger a fast run towards the $144.80 level. The green path is a projection of a potential push into this resistance zone.
RSI also supported short-term stabilization. Previous bullish divergence from recent lows reflected early changes in momentum.
This is correlated with the mild recovery seen over the last 48 hours. The price is now consolidating above the 200-period moving average, a constructive indication of a continuation attempt.
Bullish Breakout Attempts by Solana Price Gaining Momentum
Exy’s chart showed the SOL price breaking out of a descending channel, with a nice bullish candle. RSI divergence preceded the breakout, which added strength to the move. The closest resistance is $152 and $170, as these are the next upside targets.
The breakout structure indicates that the downtrend may be weakening. Solana price is moving up towards the first block of resistance near $152.
If Solana can clear this zone with good volume, a retest of $170 region is likely. This level coincides with previous liquidity sweeps at the beginning of November.
The bullish scenario for the Moon Show aligns with Exy’s breakout scenario. Both perspectives are pointed toward the higher levels if support continues to hold near $136.
Weekend volatility could bring in momentum into the $144-$150 region. A higher-low formation is the most critical factor in continuing the climb.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
