Cantor Fitzgerald Highlights Solana’s Institutional Momentum and Developer Activity

Solana’s SOL

fell 4.24% over the previous 24 hours to commerce at $149.46, retreating from a excessive of $158.54 following a pointy in a single day sell-off. Trading quantity surged as SOL broke under $155 assist late Monday, with the value ultimately bottoming at $148.68 earlier than coming into a uneven consolidation across the $150 mark.

Despite the short-term strain, some institutional traders stay optimistic about Solana’s long-term positioning. On Monday, Cantor Fitzgerald launched protection of three public corporations — DeFi Development Corp (DFDV), Sol Strategies (HODL), and Upexi (UPXI) — that maintain SOL as a treasury asset. The agency assigned all three “overweight” rankings and emphasised Solana’s technical power.

Cantor’s analysts argued that Solana has outpaced Ethereum in latest developer development and technical efficiency, citing on-chain metrics that present greater throughput and decrease latency. The report added that corporations utilizing SOL as a treasury asset view it as a severe contender to problem ETH’s dominance, regardless of ether nonetheless having a market cap 2.5 instances bigger.

While the latest correction has erased a lot of the weekend’s features, SOL stays above final week’s assist zone. Traders are actually watching whether or not the token can maintain the $148–$150 vary or if additional draw back strain will emerge.

Technical Analysis Highlights

• During the evaluation window, SOL-USD dropped 7.0% from $158.804 to $147.746, forming a 24-hour vary of 11.058 factors.
• The steepest sell-off occurred between 22:00 and 00:00 UTC on quantity exceeding 2.7 million SOL, breaking down via $155 assist.
• Price later stabilized round $152 and traded in a tightening vary between $151 and $154.
• The $152–$153 zone transitioned from assist to resistance through the correction, with $148.68 marking the session low.
• At 07:57–07:58 UTC, worth dropped from $153.118 to $152.680 on a spike exceeding 150,000 SOL in quantity.
• Toward the top of the evaluation interval, SOL consolidated between $153.400 and $152.680 with declining volatility, signaling hesitation amongst each bulls and bears.

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