Solana Value Plunges 3% As VanEck Solana ETF Goes Reside

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 price for VSOL at launch for the primary $1 billion in belongings or till February 17, 2026, whichever comes first.

VSOL turned the second spot SOL ETF within the US and provides a staking yield of 6.57%.

🚨BREAKING: VanEck’s @Solana ETF goes reside 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 Alternate with a 0.30% sponsor price waived. In the meantime, SOL Methods additionally agreed to waive its 0.28% staking supplier price throughout the identical interval.

Gemini Belief Firm would be the major custodian, and Coinbase Custody Belief Firm will present further custody companies.

State Road Financial institution and Belief Firm deal with money custody and fund administration. Van Eck Associates Company supplied $10 million in seed funding on Oct. 29.

With the ETF opening up an area for establishments to speculate, will the Solana worth surge?

Solana Value Drops Into Key Assist 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.

Nonetheless, the Solana worth encountered some resistance at this stage, with the rejection initiating a multi-week corrective part during which SOL traded inside a progressively weakening construction, transferring from gentle 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 worth under the 0.618 stage at $175 and later beneath the 0.786 retracement close to $153.

This downward stress has now pushed the worth of SOL straight into the most important demand zone between $126–$135. Solana worth motion within the final classes exhibits 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 stage, at present at 32. This exhibits the depth of the bearish momentum but in addition means that SOL could also be approaching circumstances the place reduction bounces are frequent.

SOL Value Prediction

Primarily based on the SOL/USD chart evaluation, the Solana worth is exhibiting agency bearish momentum because it trades under each the 50-day and 200-day SMAs and has damaged beneath every main Fibonacci retracement stage.

If bearish stress continues and SOL closes decisively under the $126 stage, the subsequent probably draw back goal sits close to $110, with additional decline doubtlessly extending towards $95.

Nonetheless, if oversold circumstances set off a buyback for the bulls, preliminary resistance lies round $153, close to the 0.786 Fib stage. 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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