Solana (Sol)
He quoted at $ 144.14 on June 14, 2.06% less in the last 24 hours, but showed resilience since long -term institutional activity compensated for retail weakness. The price of the action remains set near the lower end of its recent consolidation zone of $ 145- $ 149, after a broader correction of several days in cryptographic markets linked to the increase in geopolitical tension.
Despite the recent weakness, two important institutional developments suggest deepening the commitment to the Solana ecosystem.
First, James Seyffart de Bloomberg confirmed Friday that this week the seven ETF emitters of Solana Spot Solana, that is, including Fidelity, Grayscale, Vaneck, 21Shares, Franklin, Bitwise and Canary Marinade, held updated S-1 files with the sec. Each presentation now includes rethinking provisions, making them. With the Solana chain economy.
Secondly, Develop Development Corp, a firm of the Solana Treasury that lies in Nasdaq, announced Thursday that it held a Capital (ELOC) credit agreement of $ 5 billion with Capital RK. The installation allows Defi Dev Corp to issue actions gradually to finance additional sun accumulation, instead of depending on a unique fixed price offer.
This follows a minor regulatory setback: on Wednesday, the company requested the SEC to withdraw the registration declaration in form S-3. He said he wanted to withdraw a previous S-3 presentation due to technical eligibility problems marked by the SEC. The firm said it would submit a statement of resale registration in the future to raise the capital it needs.
Despite the presentation of HICCUP, the company emphasized its continuous commitment to grow its Sun Treasury, which currently has more than 609,190 tokens, valued at more than $ 97 million. The Joseph Onorati CEO said in Thursday’s press release that the new capital structure offers a “clean and strategic path” to scale exposure while aggravating the performance of the validator.
The sun’s price seems to be stabilized as these institutional tail winds are strengthened, even when retail activity remains moderate.
TECHNICAL ANALYSIS
- Sol quoted in a range of 24 hours of $ 4.57 (3.08%), from $ 144.13 to $ 148.70.
- The initial force faded, with the drift price towards the support level of $ 144.
- The resistance remains firm about $ 149, while the short -term rejection reached $ 145.78.
- The high volume sale occurred between 13: 41–13: 47 UTC, with a strong drop of $ 145.95.
- An increase in volume at 13:23 UTC aligned with the failed break.
- The accumulation of whales continues below $ 146, although the follow -up remains limited.
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