Solana Price Prediction: SOL Faces Pressure as Hong Kong Approves Spot ETF

• Solana’s price consolidation near $184 hints at cautious accumulation before breakout
• Rising open interest above $8.5B signals institutional positioning ahead of volatility
• Hong Kong’s Solana ETF approval could enhance regional adoption and market confidence

Solana’s price continues to trade under pressure, consolidating near the $184 mark as investors weigh renewed market volatility and an upcoming exchange-traded fund (ETF) listing in Hong Kong. 

The short-term structure suggests ongoing consolidation after October’s correction, but technical data indicates potential accumulation beneath key resistance levels. While momentum remains cautious, institutional activity around Solana’s derivatives and spot markets continues to expand, hinting at possible shifts in investor sentiment.

Short-Term Structure and Technical Outlook

Solana trades below the 20…

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