Analyst Warns of $50 Drop As Morgan Stanley Files ETF Application
The post Analyst Warns of $50 Drop As Morgan Stanley Files ETF Application appeared on BitcoinEthereumNews.com.
Solana holds its multi-year trendline at $136, but analyst Ali Charts warns a break could trigger a drop to $50. Morgan Stanley filed for a Solana ETF with staking, joining the institutional wave that pushed SOL products past $1B in assets. Mobile token launch is set for January 21, allocating 20% of supply to users—a fundamental catalyst amid technical uncertainty. Solana price today trades near $136 as the token tests a rising trendline that has supported price since 2024. The level has become critical as analyst Ali Charts warns a breakdown could send SOL toward $50, while institutional adoption accelerates with Morgan Stanley’s latest ETF filing. Morgan Stanley Enters Solana ETF Race Morgan Stanley filed applications this week for Bitcoin, Ether, and Solana exchange-traded funds, marking the firm’s first entry into crypto ETF products. The Solana filing includes a staking component, allowing investors to earn yield on their holdings. The move comes as Solana ETFs surpassed $1 billion in total assets under management in early January. Bitwise’s BSOL leads with $681 million, followed by Grayscale’s GSOL at $170 million and Fidelity’s FSOL at $125 million. The products have recorded consecutive weeks of net inflows since launching in late 2025. Institutional adoption provides a fundamental backstop, but price action shows the market remains focused on technical structure. SOL has failed to reclaim the EMA cluster between $153 and $164, leaving the rising trendline as the final defense against deeper correction. Mobile Token Launch Adds Near Term Catalyst Solana Mobile confirmed a January 21 launch date for its SKR token, with 20 percent of total supply allocated to eligible users and developers. The airdrop targets early adopters of Solana Mobile’s Saga and Chapter Two devices, rewarding participants in the ecosystem’s hardware push. The launch occurs at a pivotal moment for price. If…
Filed under: News - @ January 10, 2026 8:14 pm