Solana Slides Toward $100 Despite VanEck Staking Partnership
Solana has lost 18% in the past week and trades near $134 amid ongoing selling pressure. This price drop occurs even as SOL Strategies secures a key staking partnership with VanEck’s newly launched Solana ETF. SOL Strategies’ Orangefin validator will support ETF staking operations, reinforcing institutional adoption and bridging traditional markets with decentralized networks. The firm, which manages over CAD $610 million in assets and holds ISO 27001 and SOC 2 certifications, plans to scale validator services as ETF issuers increase staking allocations. Analysts cite a clear descending trendline since autumn and predict Solana could fall below $100 before 2026. Interim support levels at $127 and $118 may offer short-term relief, but a full retest of the $100 zone remains likely if buyers fail to reclaim $150.
Bearish
The news highlights growing institutional adoption through SOL Strategies’ VanEck staking deal, but Solana’s 18% weekly loss and clear descending trendline signal persistent selling pressure. Similar announcements of staking partnerships have often failed to stop near-term declines—such as past ETF launches that coincided with Bitcoin price drops. With interim support at $127 and $118 unlikely to hold in the face of weak momentum, traders may target a full retest of the $100 level. In the short term, bearish sentiment is reinforced by lower highs and lows, though long-term institutional demand could eventually underpin price stability.