Token native to Solana, Sol
It fell to $ 143.38 on Tuesday, a lower 1.21%, closing near the minimum of the day after not keeping above $ 147, according to the technical analysis model of Coindesk Research.
The weakness occurred even when the ecosystem attracted a new institutional support: the Canadian strategies of Blockchain Sol investor that appeared before the United States Stock Exchange and Securities Commission on June 18 to pursue a list of Nasdaq under the Ticker Stke.
While the presentation itself is not an immediate mudajita of the market, it highlights a growing institutional commitment to the long -term perspective of Solana. Sol Strategies revealed earlier this month that he owns more than 420,000 Sol, with a value of more than $ 61 million, and has turned the Sun into the centerpiece of his treasure strategy. The firm is also looking for regulatory approval in Canada to raise up to $ 1 billion, in addition to a convertible note of $ 500 million above in April used to acquire and bet Sun.
Despite these upward signals, Sol continues to be defensive. Price Action has been limited to a horizontal band for much of last week, with the most recent breakdown of rupture greater than $ 147.80 by not generating follow -up. The bears regained control during the last hours of trade, pushing sun below the psychological support of $ 144. With the prices tendency below the main mobile averages and the volume that narrows in the middle of the session, the feeling remains fragile even while the long -term backing intensifies.
TECHNICAL ANALYSIS
- Sol quoted in a 24 -hour range of $ 143.23 to $ 147.80, a 2.83%swing.
- The resistance remained at $ 147.80 after a failed break during the UTC candle of 22:00 on June 18.
- The price constantly decreased to $ 143.38, closing close to the bass after the weak recovery attempts.
- The vendors were active between 13: 46–14: 00 UTC, with a drop of $ 144.62 to $ 143.38 in a strong downward impulse.
- The $ 144– $ 145 area is still critical; Not recovering it can open a path to deeper support near $ 140.
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