Nov 17, 2025
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Fidelity Files for Solana ETF Amid Steady $134 SOL Price
- Solana's price remained stable around $134 on November 17, despite global crypto market downturns. Losses were limited to under 1.5% amid political tensions surrounding a US congressional vote.
- Fidelity Investments filed a Form 8-A with the US SEC for a Solana spot ETF, indicating imminent trading. Fidelity's Bitcoin and Ethereum spot ETFs hold significant assets.
- Other firms like Bitwise and Grayscale also have approved Solana ETFs, with substantial holdings and no reported net outflows since October 29.
- Pump.fun, a community tracker, reported surpassing $900 million in revenue from meme-driven projects, boosting Solana's prospects.
Technical Analysis
- Solana is trading at $132.91, below the 50-week SMA at $176.55, a critical resistance level.
- The Parabolic SAR indicates negative momentum, while RSI at 38.41 suggests approaching oversold conditions.
- Bull-Bear Power (BBP) shows strong selling pressure at -79.77.
- If Fidelity's inflows increase, SOL could recover to $150; further market instability could test a $120 support level.
