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The Solana worth plunged 3% previously 24 hours to commerce at $136.60 as of 4:29 a.m. EST on buying and selling quantity that surged 69% to $9.5 billion.
This comes as VanEck launched its Solana ETF (exchange-traded fund) on Nasdaq. VanEck is waiving its sponsor charge for VSOL at launch for the primary $1 billion in property or till February 17, 2026, whichever comes first.
VSOL turned the second spot SOL ETF within the US and presents a staking yield of 6.57%.
🚨BREAKING: VanEck’s @Solana ETF goes dwell for buying and selling, seeding with $7.32 million.pic.twitter.com/4LbSnyZRVG
— SolanaFloor (@SolanaFloor) November 17, 2025
The fund trades on the Cboe BZX Trade with a 0.30% sponsor charge waived. In the meantime, SOL Methods additionally agreed to waive its 0.28% staking supplier charge throughout the identical interval.
Gemini Belief Firm would be the main custodian, and Coinbase Custody Belief Firm will present further custody providers.
State Avenue Financial institution and Belief Firm deal with money custody and fund administration. Van Eck Associates Company offered $10 million in seed funding on Oct. 29.
With the ETF opening up an area for establishments to take a position, will the Solana worth surge?
Solana Value Drops Into Key Help Zone As Bearish Stress Intensifies
After rallying strongly from the $126 zone in June, the SOL worth pushed upward towards the $254 area in September.
Nevertheless, the Solana worth encountered some resistance at this degree, with the rejection initiating a multi-week corrective part during which SOL traded inside a regularly weakening construction, transferring from delicate consolidation right into a deeper bearish retracement.
Bulls tried to defend the 0.382 and 0.5 Fibonacci ranges in October, however persistent promote stress compelled the value beneath the 0.618 degree at $175 and later underneath the 0.786 retracement close to $153.
This downward stress has now pushed the value of SOL straight into the most important demand zone between $126–$135. Solana worth motion within the final periods reveals a transparent contact of this zone following a fast drop, which cements the general market uncertainty.
Additional strengthening the bearish narrative, the 50-day Easy Shifting Common (SMA) has curved sharply downward and at present sits barely above the 200-day SMA.
Furthermore, the Relative Energy Index (RSI) has dropped in direction of the 30-oversold degree, at present at 32. This reveals the depth of the bearish momentum but additionally means that SOL could also be approaching situations the place reduction bounces are frequent.
SOL Value Prediction
Based mostly on the SOL/USD chart evaluation, the Solana worth is exhibiting agency bearish momentum because it trades beneath each the 50-day and 200-day SMAs and has damaged beneath every main Fibonacci retracement degree.
If bearish stress continues and SOL closes decisively beneath the $126 degree, the following seemingly draw back goal sits close to $110, with additional decline doubtlessly extending towards $95.
Nevertheless, if oversold situations set off a buyback for the bulls, preliminary resistance lies round $153, close to the 0.786 Fib degree. Additional restoration would require reclaiming the $175 zone and breaking above the 50-day SMA, which might weaken the bearish outlook.
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