 
 
Market analyst Lingrid notes that Solana is approaching a crucial inflection point. After weeks of choppy trading within a falling channel, SOL is hovering around $190, constrained by lower highs and weak rebounds.
A breakout above $195, however, could decisively shift momentum, neutralizing bearish pressure and signaling a potential midterm trend reversal.
Notably, Solana’s recovery efforts continue to falter, underscoring bears’ control as price action grinds within a falling channel. Each rebound is weaker than the last, confirming persistent selling pressure.
According to Lingrid, only a decisive breakout above key resistance would signal a meaningful shift in momentum back toward the bulls.
Nevertheless, reclaiming $195 isn’t just a technical milestone; it’s the key to making Solana’s mid-term structure bullish.
 
As a result, a strong close above this liquidity-packed resistance could squeeze short-sellers and clear a path toward $205–$220, or even to the highs of $250.
Hong Kong Approves First Solana Spot ETF, Expanding Asia’s Crypto Investment Frontier
Hong Kong continues to lead in digital asset innovation, granting regulatory approval for Asia’s first Solana spot ETF
Issued by China Asset Management Company (ChinaAMC), the launch marks a major milestone in the region’s institutional adoption of crypto and underscores Solana’s rising prominence in regulated markets.
The Hong Kong Securities and Futures Commission (SFC) granted the approval, reinforcing the city’s push to become a leading global center for regulated digital asset markets.
By expanding beyond existing Bitcoin and Ethereum spot ETFs, Hong Kong strengthens its position as Asia’s most forward-thinking crypto jurisdiction.
Therefore, Solana’s addition reflects mounting demand for blockchain exposure beyond Bitcoin and Ethereum. With fast transactions, low fees, and a thriving developer base, Solana has become a leading hub for DeFi, tokenization, and emerging Web3 sectors such as gaming.
As a result, ChinaAMC’s new product offers regulated, spot-backed access to SOL, giving investors a streamlined way to tap into the network’s growth without the complexities of crypto custody.
Source: https://zycrypto.com/solana-eyes-300-rocket-as-hong-kong-greenlights-first-sol-spot-etf/