Solana Price Slumps As Grayscale Launches Options On SOL ETF

The Solana price has slumped 5% in the last 24 hours to trade at $158 as of 5 a.m. EST on a 3% drop in trading volume to $5.67 billion.

This downturn comes even as fund management titan Grayscale announced it has launched options trading for its Solana ETF (GSOL).

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

— Solana (@solana) November 11, 2025

The GSOL ETF, now live with options contracts, offers a unique deal for investors: staking rewards at over 7% annually and zero management fees. This gives GSOL a strong competitive edge and could encourage new buyers to participate even though SOL price volatility remains a concern.​

Grayscale Expands Solana #ETF Access with Options Trading Launch
Grayscale has introduced options trading for its Solana Trust ETF (GSOL), giving investors more ways to manage exposure to Solana’s expanding ecosystem. The move adds flexibility for traders seeking 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 to try and profit from price swings.

Crypto industry experts believe this signals growing faith in Solana’s long-term potential on Wall Street, and could speed up liquidity and price discovery across the entire Solana ecosystem.​

Solana Coin Price Under Pressure

After peaking near $171.94 this week, the SOL price tumbled and is now stabilising just above the $158 level, down about 5% for the day and facing pressure.

Fundamental strength is there, but the market is still figuring out how to price in the latest developments.​ On-chain data paints a mixed picture. There’s been a 10% rise in active addresses and an 8% increase in transaction volume over the past week, which signals healthy network activity and user engagement.

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

Fundamentally, the ecosystem continues to thrive. Fees earned by the network hit $8.5 million in one week, with app-related revenue climbing to $23 million. Solana also boasts 15 million active users. A figure that underlines its widespread adoption and sustainability going forward.

Institutional inflows into Solana ETFs have reached $7.9 million in just 11 days, and most analysts see this 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 phase of consolidation after sharp 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 firm at $102.26.

SOLUSDT Analysis Source: Tradingview

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

Key technical levels show that support at $158–161 is providing some stability. Major resistance is found at $175–179, and another strong level is overhead at the previous high of $295.83, which would require a major reversal to test again.

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

The RSI sits near neutral (43 on weekly, 32.5 on daily), and there’s 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 $179 resistance, there’s potential for SOL to rally towards $230 and possibly target $295 in the coming months, especially if new institutional investment drives demand.​​

A “Cup and Handle” pattern is visible in the weekly chart, suggesting that if SOL can reclaim key resistance and volume picks up, a move higher is possible. Projected gains from pattern completion could offer up to 63% upside, toward the $295 level, although this outcome depends on wider crypto market sentiment and whether institutional flows persist.​

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

With options trading likely to heat up and staking rewards attracting attention, Solana remains one of the most closely-watched coins in the crypto market right now.

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