Solana price is up more than 1% in the last 24 hours and is trading at $139 at 4:00 AM EST, while daily trading volume is down 38% to $5.7 billion.
That slight jump in SOL price comes as 21Shares, one of the top cryptocurrency asset managers, officially filed its prospectus for a new Solana ETF in the United States. Moreover, the Chicago Board Options Exchange (Cboe) has already approved the registration and listing of this fund.
🚨JUST IN: The SEC website shows that @Cboe exchange has the listing and registration of the @21shares Solana ETF, paving the way for its launch tomorrow. pic.twitter.com/GkSGJdp8Za
— SolanaFloor (@SolanaFloor) November 18, 2025
That means the ETF can start trading almost immediately, giving institutional investors an easy way to buy and hold SOL without directly owning the coins themselves. This new ETF comes with a low management fee of 0.21%, which is highly competitive compared to other crypto funds.
🚨 OTHER $SOL ETF GOES LIVE! 🚨
🔥 FAITHFULNESS $FSOL ETF LAUNCHES NOVEMBER 18! 🔥
📉 MANAGEMENT COSTS: 0.25%#SOL #Fidelity #FSOL #CryptoETF #Solana #Crypto #WorldNews #CryptoMarket pic.twitter.com/lz7Hi76MVg
— Crypto News Hunters 🎯 (@CryptoNewsHntrs) November 18, 2025
In addition to 21Shares, companies like Fidelity, VanEck and Canary Capital have also worked to bring Solana ETF products to market, showing strong and growing interest even as prices fluctuate.
Institutional inflows into Solana also continue to grow, with money flowing in through digital asset treasuries and traditional finance companies. The timing is crucial: Solana’s market cap is still much smaller than Ethereum’s, so even a modest investment could push the price up quickly.
Recent ETF launches elsewhere, such as the futures-based Solana ETF in July, have already shown that demand for regulated exchange-traded products is strong.
Solana On-Chain stats show strength
A recent report confirms that Solana now leads Ethereum in weekly decentralized exchange (DEX) volume. Currently, it has reached $29 billion, compared to Ethereum’s $15.9 billion earlier this month.
The network processed more than 543 million transactions in one week, an impressive number that highlights Solana’s scaling capabilities
Upgrades like Firedancer and Alpenglow make transactions faster and cheaper than ever before, helping Solana stand out from blockchain competitors. Meanwhile, network costs remain extremely low, attracting both private and institutional users.
Moreover, wallet and address activity continues to increase. More and more holders are choosing to move their coins from exchanges to personal wallets, which is a sign of long-term trust. Stakes participation is also increasing, demonstrating that the community and investors believe in Solana’s future.
SOL Number of active addresses Source: Glassnode
These trends reduce immediate selling pressure and provide stability even if a short-term downturn occurs.
Despite the recent market volatility, institutional flows are visible in the chain. New government bond products and ETFs are expected to push these numbers even further, supporting the idea that the Solana price could react strongly as new funds arrive in the coming weeks.
Solana Price Forecast: SOL Analysis Points to a Turning Point
Solana’s price action recently fell below key support levels on both the 50-day and 200-day Simple Moving Averages (SMAs). The 50-day SMA is $183.91, while the 200-day SMA is $180.03.
SOLUSDT analysis source: Tradingview
The RSI (Relative Strength Index) is low at 35.20, close to oversold territory, indicating that sellers have been in charge and conditions are ripe for a rebound if buyers intervene.
The MACD indicator is negative, a signal that the current trend is still downward, although these conditions could quickly reverse if momentum improves.
The SOL price chart also shows that a cup-and-handle pattern has formed, a classic bullish setup. However, the price has retreated instead of settling above the USD 295.83 resistance, which now acts as a ceiling for further gains.
Solana price set for potential reversal if bulls break key resistance
To turn positive, Solana’s price must reclaim the 50- and 200-day moving averages. If buyers manage to push the price above USD 180, it could trigger a run back towards the USD 230 and USD 295 levels.
Immediate support is found near $95.26, the recent low. If Solana’s price falls further and does not stay above this area, traders may look for a new base before buyers return. On the upside, any strong move from institutional buyers could quickly turn the technical picture around and send Solana price towards the indicated target in the chart.
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