SOL: Brazil Likes It, But What’s the Hold Up? 🤨

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Well now, seems Solana’s been granted access to the fancy folks over at Brazil’s B3 exchange. Institutional investors, they’re a discerning bunch, always lookin’ for the next big thing. And SOL, despite putt-puttin’ along price-wise-bless its heart-seems to have caught their eye. Though, goodness gracious, Bitcoin‘s been actin’ up like a spoiled child, draggin’ everyone else down with it. A fella could lose his shirt watchin’ this market!

They let the big money in, and still it just moseys along. Solana’s hoverin’ ‘round $128, just kinda… existin’ between $122 and $145. Not much of a stampede, is it? More like a polite stroll. 🤔

Institutional access widens in Brazil

Valour, they got the thumbs-up to list this here Valour Solana [VSOL] on the B3 on the 16th of December. Now Brazilians with a bit o’ capital can get in on the action, all proper and regulated, through their brokers. Makes it feel official, don’t it?

Now Solana’s sittin’ with the big boys-Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], and even Sui [SUI]-on that B3 exchange. Valour figurin’ SOL needs a bit more visibility in Latin America, and I reckon they’re probably right. 🤠

ETF inflows continued as exchange supply fell

Folks at SoSoValue say those Solana Spot ETFs are still bringin’ in the dough. A cool $3.64 million a day, and nearin’ $926.33 million total. Seems folks are buyin’, even if the price ain’t exactly takin’ off like a rocket.

Funny thing is, while the money’s comin’ in, SOL’s leavin’ the exchanges. Less supply floatin’ around, see? Folks holdin’ onto their coins instead of sellin’. Makes ya wonder what they know that we don’t… or if they’re just as bamboozled as the rest of us! 🤪

Liquidity clusters kept downside risks active

Binance is showin’ a whole heap o’ folks placed their bets around $123. That means if the price dips, it might just bounce right back up off that level. But if Bitcoin decides to go on another tantrum, well, SOL could be headin’ for $95. A sad thought, indeed. 😥

It wouldn’t be SOL’s fault, mind ya. Just caught in a bad neighborhood, so to speak. The whole market draggin’ it down.

Can bulls reclaim higher supply?

Lookin’ at the chart, Solana’s just kinda… hangin’ around. No real enthusiasm from the buyers. The RSI, that fella, says demand’s lookin’ a bit weak. And the MACD? Well, it’s just sittin’ there, kinda wishy-washy.

To really get things goin’, Solana needs to bust through $145, then maybe $170, and then we’re talkin’. But all that depends on folks feelin’ a bit more optimistic about things. A tall order in these times, I tell ya. 🙄

Final Thoughts

  • B3 approvin’ Valour’s Solana listing? That’s a good sign, shows folks are takin’ notice.
  • But Bitcoin’s mood swings and tricky liquidity might keep SOL from really takin’ off.

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2025-12-18 03:24