Solana Price Falls as Grayscale Launches SOL ETF Options

Solana’s price fell 5% in the past 24 hours to trade at $158 as of 5 a.m. EST, on a 3% decline in trading volume to $5.67 billion.

The slowdown comes even as fund management titan Grayscale announced the launch of options trading for its Solana ETF (GSOL).

JUST IN: @NYSE enables options trading for GSOL and BSOL, Solana’s listed ETFs. pic.twitter.com/6UZ7kmyN4P

– Solana (@solana) November 11, 2025

The GSOL ETF, now with options contracts, offers a unique offering to investors: staking rewards of over 7% per year and zero management fees. This gives GSOL a strong competitive advantage and could encourage new buyers to participate even though SOL price volatility remains a concern.​

Grayscale expands Solana #ETF Access with the launch of options trading
Grayscale has introduced options trading for its Solana Trust ETF (GSOL), giving investors more ways to manage their exposure to the expanding Solana ecosystem. This move adds flexibility for traders looking to hedge… pic.twitter.com/hlcDaxrKiT

– Muhammad Nabeel🔸 (@Beyoglu124) November 11, 2025

Grayscale said in a statement that the new options products give investors more flexibility to hedge and manage risk or try to profit from price fluctuations.

Crypto industry experts believe this demonstrates growing confidence in Solana’s long-term potential on Wall Street and could accelerate liquidity and price discovery across the entire Solana ecosystem.​

Solana Coin Price Under Pressure

After peaking near $171.94 this week, SOL price has fallen and is now settling just above the $158 level, down about 5% on the day and facing pressure.

The fundamental strength is there, but the market is still evaluating the latest developments. On-chain data paints a mixed picture. There was a 10% increase in active addresses and an 8% increase in trading volume over the past week, reflecting healthy network activity and user engagement.

Solana remains the number one blockchain for DEX (decentralized exchange) volume, processing $29 billion in weekly transactions and processing over 543 million transactions over the same period. This outperformance is key for Solana, setting it apart from competitors like Ethereum and Base.​

Basically, the ecosystem continues to thrive. Fees collected by the network reached $8.5 million in one week, with app revenue climbing to $23 million. Solana also has 15 million active users. A figure that underlines its widespread adoption and sustainability in the future.

Institutional inflows into Solana ETFs reached $7.9 million in just 11 days, and most analysts see it as a sign that big money is betting on long-term growth.​

Technical analysis: SOLUSDT price prediction

Looking at the latest SOLUSDT chart, Solana is currently in a consolidation phase after strong declines, trading just above key support near $158. Important moving averages are in focus: the 50-week SMA sits at $179.05, while the 200-week SMA holds at $102.26.

SOLUSDT analysis source: Tradingview

Price is now below the 50-week SMA, but remains well above the long-term average, suggesting that sellers have not fully taken over.​​​

Key technical levels show that support between $158 and $161 offers some stability. Major resistance lies between $175 and $179, and another strong level lies at the previous high level of $295.83, which would require a major reversal to retest.

Bollinger Band indicators reflect a period of low volatility and potential accumulation, meaning buyers could step in if new ETF inflows continue.​

The RSI is close to neutral (43 weekdays, 32.5 daytime) and there is no clear momentum for a bullish breakout yet.

The MACD indicator is bearish but not oversold. If the price can hold above $158 and break through the resistance at $179, it is possible that SOL rebounds towards $230 and could possibly target $295 in the coming months, especially if further institutional investments boost demand.​​

A “Cup and Handle” pattern is visible on the weekly chart, suggesting that if SOL can reclaim key resistance and volume increases, upside is possible. Projected gains from pattern completion could offer up to 63% upside, towards the $295 level, although this outcome depends on broader crypto market sentiment and persistence of institutional flows.​

For now, traders and investors are closely watching the $158 support. If Solana falls below this level, it could trigger further selling at $102, which is the next major support zone.

While options trading is likely to intensify and staking rewards attract attention, Solana currently remains one of the most closely watched coins in the crypto market.

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