{"id":32285,"date":"2025-06-17T15:01:59","date_gmt":"2025-06-17T15:01:59","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=32285"},"modified":"2025-06-17T15:01:59","modified_gmt":"2025-06-17T15:01:59","slug":"sol-drops-below-150-after-sell-off-despite-growing-institutional-adoption-narrative","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=32285","title":{"rendered":"SOL Drops Below $150 After Sell-Off Despite Growing Institutional Adoption Narrative"},"content":{"rendered":"
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Solana’s SOL SOL fell 4.24% over the past 24 hours to trade at $149.46, retreating from a high of $158.54 following a sharp overnight sell-off. Trading volume surged as SOL broke below $155 support late Monday, with the price eventually bottoming at $148.68 before entering a choppy consolidation around the $150 mark.<\/p>\n

Despite the short-term pressure, some institutional investors remain optimistic about Solana\u2019s long-term positioning. On Monday, Cantor Fitzgerald launched coverage<\/a> of three public companies \u2014 DeFi Development Corp (DFDV), Sol Strategies (HODL), and Upexi (UPXI) \u2014 that hold SOL as a treasury asset. The firm assigned all three \u201coverweight\u201d ratings and emphasized Solana\u2019s technical strength.<\/p>\n

Cantor\u2019s analysts argued that Solana has outpaced Ethereum in recent developer growth and technical performance, citing on-chain metrics that show higher throughput and lower latency. The report added that firms using SOL as a treasury asset view it as a serious contender to challenge ETH\u2019s dominance, despite ether still having a market cap 2.5 times larger.<\/p>\n

While the recent correction has erased much of the weekend\u2019s gains, SOL remains above last week\u2019s support zone. Traders are now watching whether the token can hold the $148\u2013$150 range or if further downside pressure will emerge.<\/p>\n

Technical Analysis Highlights<\/strong><\/p>\n