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SOLUSD Breaks Above $127.50 as Bitwise Solana ETF Sees Seventh Consecutive Buying Day

Guavy AI Editorial Team
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SOL LUSD
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The price of SOLUSD has broken above $127.50, confirming a bullish bias in the market. This breakout is significant because it has occurred after seven straight buying days, with the Bitwise Solana ETF drawing in $9.65M in new capital by September 28.

According to TradingView, key levels for SOLUSD are now at $127.50 resistance and $117-$114 support, with a potential downside target of $110 if the price falls below this range.

In related news, the spot CFD liquidity in SOLUSD has become more evenly spread across exchanges, with several venues showing deeper orderbook depth beyond the ±$0.20 mid-price range.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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