Solana gains institutional access in Brazil – But why is SOL still stuck?

ambcryptoPublished on 2025-12-18Last updated on 2025-12-18

Abstract

Valour's Solana ETP (VSOL) received approval for listing on Brazil's B3 exchange, expanding regulated, BRL-denominated institutional access to SOL. Despite this development and continued ETF inflows of $3.64M daily, SOL's price remained range-bound between $122-$145, showing fragile and directionless action. Key factors include Bitcoin's market-wide weakness weighing on sentiment, SOL tokens leaving exchanges (reducing sell-side supply), and a dense liquidity cluster at $123 posing a downside risk. Technical indicators like RSI at 44.03 and a compressed MACD showed weak demand. A bullish reversal requires a break above $145 to target $170, but near-term direction remains tied to broader market risk sentiment.

Valour’s B3 approval expanded institutional access to Solana, while ETF inflows continued. Even so, price action remained fragile.

Institutional investors often gravitate toward growing ecosystems, and Solana drew attention despite lagging prices amid market weakness. Bitcoin’s repeated dips weighed on sentiment and spilled into major altcoins.

Despite expanding institutional access, Solana remained cautious and directionless. At press time, Solana [SOL] hovered near $128, trading inside the $122–$145 range.

Sideways movement suggested consolidation rather than a decisive trend.

Institutional access widens in Brazil

Valour received approval to list Valour Solana [VSOL] on Brazil’s B3 exchange on the 16th of December. The listing expanded BRL-denominated, regulated access to Solana through traditional brokerage and custody rails.

The move placed Solana alongside Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], and Sui [SUI] on B3. By adding SOL to its Brazilian lineup, Valour increased Solana’s institutional visibility in a key Latin American market.

ETF inflows continued as exchange supply fell

Data from the SoSoValue dashboard showed Solana Spot ETFs continued to record Net Inflows. Daily inflows stood near $3.64 million, while total Net Assets remained close to $926.33 million.

The steady inflows coincided with SOL’s sideways price action inside its established range.

At the same time, SOL tokens continued leaving exchanges, immediately reducing available sell-side supply. This divergence pointed to accumulation behavior rather than aggressive short-term positioning.

Liquidity clusters kept downside risks active

Binance Liquidation Heatmap highlighted dense liquidity clusters around the $123 level. That zone increased the probability of a short-term sweep during continued weakness.

If Bitcoin extended its decline, SOL could lose range support and slide toward the $95 zone. Such a move would likely be driven by broader market weakness rather than SOL-specific selling.

Can bulls reclaim higher supply?

On the chart, Solana traded in the mid ranges, with buyers still lacking clear momentum.

RSI printed 44.03, showing demand remained weak and below the neutral 50 line. MACD stayed compressed, suggesting bearish pressure was fading but not fully reversed.

Solana needed to break above $145 to reclaim $170 so as to push through to the range highs. A stronger recovery could then open the path toward the $200 supply zone.

Despite ecosystem growth, those upside paths depended on risk sentiment stabilizing.

Final Thoughts

  • Valour’s B3 approval underscored growing institutional confidence in Solana’s ecosystem.
  • Liquidity risks and Bitcoin-led weakness continued to shape SOL’s near-term direction.

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