Solana cryptocurrency drops 5% due to institutional selling and global economic concerns

From Yahoo Finance: 2025-05-25 08:54:00

The cryptocurrency market sees pressure as Solana (SOL) falls below $177, reflecting global economic concerns. Geopolitical tensions contribute to the correction, prompting investors to reassess risk exposure. Despite the drop, Solana’s ecosystem grows with R3’s integration, attracting institutional interest in tokenizing real-world assets.

Technical analysis shows SOL price declining to $170.41, a 4.5% correction with a volume spike to 1.26M during midnight. Support levels at $170.67-$171.66 hold, with resistance at $174. Price fluctuates around $172, facing selling pressure and attempting recovery. References suggest bullish momentum and potential breakout beyond $250.



Read more at Yahoo Finance: Solana Plunges 5% as Midnight Sell-Off Signals Institutional Selling