Solana price compresses into triangle apex, breakout risk builds

Bitcoin exchange-traded funds (ETFs) have experienced a third consecutive day of outflows, while Ether ETFs have turned positive, indicating a shift in investor sentiment. This development comes amidst a broader market context where Bitcoin and Ether have faced significant losses recently, collectively shedding $1.14 billion in value due to liquidity concerns.

Solana (SOL) is experiencing significant pressure as it struggles to maintain its price above critical support levels, currently trading in the low-$120 range following a sharp decline of 39% in the fourth quarter of 2025. Despite steady inflows into investment products, the cryptocurrency's network activity has decreased, leading to a divided market sentiment regarding its future.

Solana (SOL) token is currently trading at $124.50, having formed bearish chart patterns on the daily chart, indicating potential further downside. Key metrics for the cryptocurrency have also seen a decline in recent weeks, raising concerns among investors.

Upexi, a company managing a portfolio of consumer brands, has filed for a capital raise of up to $1 billion, leveraging its position as the fourth-largest Solana treasury among public companies with approximately 2 million SOL tokens.

Solana-based decentralized exchanges (DEXes) have reportedly surpassed major platforms like Binance and Bybit in trading volume during late 2025, indicating a significant shift in crypto price discovery directly onto the blockchain. DEXes such as Jupiter, Orca, and Raydium have seen increased on-chain activity and trading volumes, suggesting a growing preference for decentralized trading solutions.

Upexi, a company managing a portfolio of consumer brands and the fourth-largest Solana treasury, has announced plans to raise up to $1 billion to support its operations and investments. This capital raise is expected to significantly enhance Upexi's strategic initiatives within the cryptocurrency sector.