Solana’s sun

Dropped 4.24% over the past 24 hours to trade at $ 149.46 and withdrew from a high of $ 158.54 after a sharp overnight stay. Trade volume rose when sun broke under $ 155 support late Monday, with the price eventually bottom to $ 148.68, before entering a minced consolidation around the $ 150 mark.

Despite the short -term pressure, some institutional investors remain optimistic in terms of Solana’s long -term positioning. On Monday, Cantor Fitzgerald launched the coverage of three public companies – Defi Development Corp (DFDV), SOL Strategies (HODL) and Upexi (Upxi) – which holds sun as a treasury asset. The company assigned all three “obese” assessments and emphasized Solana’s technical strength.

Cantor’s analysts claimed that Solana has surpassed Ethereum in recent developer growth and technical results with reference to on-chain measurements showing higher flow and lower latency. The report added that companies that use sun as a treasury asset consider it a serious competitor to challenge ETH’s dominance, despite Ether still having a market capital 2.5 times greater.

While the recent correction has deleted much of the weekend’s winnings, sun remains over last week’s support zone. Dealers are now looking at whether the token can contain $ 148- $ 150 area or whether further pressure will occur on the downward.

Technical analysis highlights

• Under the Analysis window, SOL-USD fell 7.0% from $ 158,804 to $ 147,746, forming a 24-hour range of 11,058 points.
• The steepest sale emerged between 22:00 and 00:00 UTC on volume exceeding 2.7 million sun, and broke through $ 155 support.
• The price later stabilized about $ 152 and traded in a tightening area between $ 151 and $ 154.
• Zone of $ 152- $ 153 transitioned from support to resistance during the correction, with $ 148.68 marking the session low.
• At 07: 57–07: 58 UTC fell Price from $ 153,118 to $ 152,680 on a spik of over 150,000 sun in volume.
• Mot the end of the analysis period consolidated sun between $ 153,400 and $ 152,680 with declining volatility, signaling hesitation among bulls and bears.

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