Solana's price hovers near $217, and its future movement depends on whether it bounces back or declines, potentially influenced by institutional investment following an upcoming exchange-traded fund (ETF) decision.

Solana Price Levels

Solana's immediate challenge lies in maintaining the $217 support level.

Sustaining prices above $217 has the potential to initiate a recovery towards the $232–$237 range.

Conversely, a firm break below $217 could create an opportunity for further declines.