source avatarSebi | Markets Analyst

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solana:So11111111111111111111111111111111111111112 Institutional access improved this week. The chart did not. On July 28, Morgan Stanley launched MSOL on NYSE Arca with a 0.14% expense ratio. The ETP intends to stake part of its SOL holdings and pass the rewards to investors without Morgan Stanley retaining a portion. That matters because investors can now access both SOL and its staking component through a traditional product. But improved access represents potential demand. Sustained flows and price acceptance are still required to prove that capital is actually arriving. Technically, the recovery from $60 stalled around $83–$84. Since then, SOL has formed successive 4H LHs and is now testing the $70–$72 area. A 4H close below $70 followed by a failed reclaim would expose $64–$66, followed by the major $59.5–$62 decision zone. I previously highlighted $50 as a downside scenario. That level remains conditional. Only a confirmed loss of $59.5–$62 followed by a failed reclaim would make $48–$51 the next macro demand zone. The bullish case requires a reclaim of $78.5–$80, followed by a successful retest and higher low. That would open $83–$85. Morgan Stanley improved access to SOL. It did not change the structure. Price still has to do that.

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