Solana Price Turns To Brazil ETP Narrative For A Breakout?
The post Solana Price Turns To Brazil ETP Narrative For A Breakout? appeared on BitcoinEthereumNews.com.
Solana price action has gone quiet after weeks of pressure. SOL is down roughly 10% over the past 30 days, yet it has traded nearly flat over the last 24 hours, even as the broader market weakens. That pause matters. It comes as Solana quietly seeks to gain institutional exposure in Brazil through Valour’s Solana ETP (Exchange-Traded Product), which is expected to list on the B3 exchange. This move reinforces a steady channel for regulated demand at a time when charts show breakout signs. The question now is simple. Can this backdrop help Solana resolve a difficult technical setup, or do sellers still control the trend? Sponsored ETP Hype Meets a Sloping Breakdown Structure Valour’s Solana ETP offers regulated exposure to SOL for Brazilian investors and institutions. While it is not a short-term price driver, it adds steady absorption during periods of selling pressure. That matters most when charts show key patterns. And it also could be a sentimental trigger in a market where every asset is looking at narratives. Technically, Solana is trading inside a down-sloping head-and-shoulders structure, not a clean textbook pattern. When the neckline slopes lower, breakouts require stronger confirmation because sellers continue pressing at lower levels over time. Weak Breakout Pattern: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Sponsored However, some buyer-specific signs are appearing, which could help combat the sellers and help the Solana price aim for a clean neckline breakout. Quiet Accumulation Appears Beneath the Surface While price struggles, on-chain data shows early signs of accumulation. The 3-month to 6-month holder cohort has increased its supply share meaningfully. This group held 11.756% of the supply on November 16, which has now risen to 16.126% by December 16. That is a sharp increase over one month and…
Filed under: News - @ December 17, 2025 6:26 pm