New partnerships support Solana, but broader market remains a hurdle
Solana's fundamental backdrop is gradually improving. A new partnership and continued inflows into spot Solana ETFs are helping to support investor interest, although their scale remains insufficient to establish a sustainable uptrend.
One of the latest positive developments is a partnership between Toss Bank and the Solana Foundation to launch a pilot program for international money transfers. The companies plan to test the use of the Solana blockchain for cross-border payments, which could become an important step toward broader adoption of the network within the financial sector.
Additional support is coming from spot Solana ETFs. Over the past week, the funds continued to record net inflows, although the volumes remain relatively modest compared to the size of the broader cryptocurrency market. The latest data showed inflows of just $2.99 million, which are not yet large enough to have a meaningful impact on SOL's price action.
Resistance at $76 remains the key hurdle for Solana
As mentioned in our previous analysis, $68 remains the key support level for SOL. Buyers successfully defended this area, allowing the price to move back toward the $75.50–$76.00 resistance zone.
This is the same area where the previous recovery attempt stalled. For a sustainable bullish impulse to develop, buyers need to establish the price above this range.
A breakout above $76 would open the door for a test of the local descending trendline and the 50-day simple moving average (SMA) near $80. However, such a move would require both a strong fundamental catalyst and increased trading volume.
If buyers fail to overcome resistance, SOL will likely retest the $68 support level.
Broader market weakness continues to weigh on Solana
Despite positive developments surrounding international payments and continued ETF inflows, Solana's biggest challenge remains the overall weakness of the cryptocurrency market.
As long as liquidity conditions remain constrained and institutional ETF flows stay relatively modest, Solana is likely to continue trading in line with broader market trends.
New projects and strategic partnerships improve long-term investor sentiment, but a sustained recovery in SOL will likely require stronger risk appetite and improving conditions across the entire cryptocurrency sector.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
