Cantor Fitzgerald featured institutional momentum and Solana’s developer activity

Solana by Sol

It fell 4.24% in the past 24 hours to trade at $ 149.46, retreating from a high $ 158.54 following a sharp overnight seller. Trade volume moved forward as Sol broke down to $ 155 supporting late Monday, with the price eventually dropping to $ 148.68 before entering a choppy consolidation around the $ 150 mark.

Despite short -term pressure, some institutional investors remain optimistic about Solana’s long -term positioning. On Monday, Cantor Fitzgerald The range was launched Of three public companies – Defi Development Corp (DFDV), Sol Strategies (Hodl), and UPEXI (UPXI) – holding Sol as a Treasury owner. The firm appointed all three “overweight” ratings and emphasized the strength of Solana technical.

Cantor’s analysts have argued that Solana has released Ethereum with recent developer growth and technical performance, citing on-chain metrics showing higher throughput and lower latency. The report added that companies using SOL as a Treasury Asset viewed it as a serious contender to challenge ETH’s dominance, despite the Ether who still has a market cap of 2.5 times greater.

While the recent correction has removed most of the weekend’s acquisitions, Sol remains above the support of last week’s zone. Entrepreneurs are now watching if the token can hold a $ 148- $ 150 range or if additional downside pressure appears.

Technical assessments

• In the review window, Sol-USD dropped 7.0% from $ 158.804 to $ 147.746, forming a 24-hour range of 11.058 points.
• The steep sale-off took place between 22:00 and 00:00 UTC in volume exceeding 2.7 million solo, which fell by $ 155 support.
• Eventually the price stabilized around $ 152 and exchanged with a strict range between $ 151 and $ 154.
• The $ 152- $ 153 zone moved from support to resistance during correction, with a $ 148.68 marked session.
• In 07: 57–07: 58 UTC, the price dropped from $ 153.118 to $ 152.680 to a spike over 150,000 sol in volume.
• At the end of the review period, the SOL was combined between $ 153.400 and $ 152.680 with a decline in volatility, signing of both bulls and bears.

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