{"content":"SOL Under Pressure 😬 — Key $180 Level Just Got Broken” After a volatile week, Solana (SOL) sits at $186. The top cryptocurrency experienced fluctuating market activity, but pessimistic feelings prevailed, resulting in a 4.37% loss. Since May 2025, Solana has traded in a rising channel without deviation, according to the daily chart. Altcoin has been trading around the bottom edge of this channel, about $180, which is crucial support. This price point matches the 200-day simple moving average, bolstering its validity. According to on-chain data from top analytics platform Glassnode, 24.5 million SOL were acquired at this level, indicating substantial market demand that would likely prevent additional price volatility following a retest. analysis, a continuous price hold above $180 maintains the ascending channel and sets up a price increase to $230 and $290. If heavy negative pressure drives Solana below $180, investors might predict a further slide to $115 or a plunge to $50. The behavior of Solana at $180 might result in a 56% gain or 72% loss from market values. After 24 hours, Solana (SOL) is up 4.57% to $185. Despite the daily bounce, its monthly performance is negative, falling 14.27%, underlining the week's weakness. Bitwise introduced the first Solana Spot ETF on the NYSE this week, a big milestone for cryptocurrencies. Grayscale soon followed with its own Grayscale Solana Trust, indicating institutional interest in Solana. This week's actions increase institutional access to Solana and other altcoins, enabling market involvement beyond Bitcoin and Ethereum. The two newly established ETFs have generated $154.73 million in net inflows and $439.97 million in net assets in their first three trading days, according to SoSoValue. Others, such as the Canary Solana ETF, VanEck Solana Trust, and CoinShares Solana ETF, are pending SEC clearance. #solana #FOMCMeeting #MarketPullback #WriteToEarnUpgrade $SOL ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/01/ade367b2f0544d098a8c9e1ac6b298bc.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}