Solana price drops to around $234 due to ETF delays, test bullish momentum
Source: CoinWorld
Time: 2025-09-16 14:45:38
Solana (SOL) shares fell 3.47% to $234.49 in 24 hours, but the weekly gain was still 9.15%, with trading volume soaring nearly 20% to $9.78 billion. Although Galaxy Digital spent $306 million to buy Solana, increasing its total holdings to $1.55 billion, the U.S. Securities and Exchange Commission’s delay in approval of the Solana ETF has caused institutional investor interest to cool. Key support is at $231 and resistance is at $252; breaking below the index may push the price higher to $213.