Valour’s Solana ETP on Brazil’s B3 and ETF Inflows Keep SOL Consolidating Near $128
Valour received approval to list a Valour Solana ETP on Brazil’s B3 exchange on December 16, providing Brazilian institutions regulated, BRL‑denominated access to Solana through brokers and custodians. At the same time, Solana spot ETFs have recorded steady net inflows averaging about $3.64 million per day, with total net assets near $926.3 million (SoSoValue). On‑chain and exchange data show a declining exchange supply as SOL moves into wallets, indicating accumulation despite rangebound price action. SOL is trading around $128 inside a $122–$145 range. Technical indicators suggest subdued momentum (RSI ~44, compressed MACD) and there are dense liquidity and liquidation clusters near $123 that could amplify downside if broken. Analysts say sustained ETF inflows and expanded institutional access improve structural demand for SOL, but short‑term direction remains tied to Bitcoin. A decisive break above $145 would open targets toward $170–$200, while a Bitcoin‑led sell‑off could test supports near $95. Key takeaways for traders: (1) the B3 listing expands institutional demand and BRL liquidity for SOL; (2) ETF inflows and falling exchange balances point to accumulation under the surface; (3) monitor $123 liquidity cluster and Bitcoin correlation for short‑term risk management; (4) bullish confirmation requires a clear break above $145.
Neutral
The news mixes structurally bullish elements (regulated institutional access via Valour’s Solana ETP on Brazil’s B3 and ongoing Solana spot ETF inflows) with near‑term technical and market‑structure reasons for caution. Institutional listings and steady ETF inflows reduce friction for capital allocation into SOL and coincide with declining exchange balances — all supportive of longer‑term demand and liquidity. However, price action remains rangebound around $128 with weak momentum indicators (RSI ~44, compressed MACD) and a critical liquidity/clearance cluster near $123 that raises short‑term downside risk if broken. SOL’s immediate direction is also correlated with Bitcoin; a BTC‑led sell‑off could push SOL toward lower supports (~$95). Conversely, a decisive break above $145 would likely trigger upward targets toward $170–$200. For traders, this implies a neutral near‑term stance: positive structural flow signals suggest accumulation under the surface, but technical levels and BTC correlation keep the risk/reward balanced until clear breakouts occur.