Solana Price Outlook as CoinShares Withdraws SEC Filing for Staked Solana ETF

CoinShares withdraws Solana ETF filing, while corporate treasuries boost holdings. Solana price faces resistance at $150, support at $130.

• CoinShares withdrawal adds uncertainty to Solana's ETF future plans.
• Corporate treasuries are buying more Solana, and it means that the market is very confident.
• Corporate treasuries are buying more Solana, and it means that the market is very confident.

Solana price remains steady above the $130 level, despite a slight 2% decrease in the last 24 hours. Over the past week, the cryptocurrency has gained 8%, signaling a potential recovery.  

CoinShares has dropped its applications to trade spot ETFs that concentrate on Solana, XRP, and Litecoin, which has cast an envelop of uncertainty on their future expectations.

Market interest is high with a 24-hour trading volume of $4.06 billion, an increase of 14.6. Nonetheless, the overall crypto market has been decreasing by 1.27% in the last day, which follows a 30-day drop of 18%