Charles Schwab Adds Solana Futures as SOL Faces Pressure

Charles Schwab’s decision to add Solana futures marks a notable shift in how traditional investors can access the SOL market. The brokerage, which oversees more than $10 trillion in client assets, now allows institutional and retail participants to trade Solana-linked contracts without holding the token. This step places Solana inside regulated brokerage infrastructure, expanding its reach beyond native crypto platforms and exchanges.

Significantly, the move mirrors earlier milestones seen with Bitcoin and Ethereum. Bitcoin futures entered mainstream brokerage platforms in 2017, while Ethereum followed in 2021. Consequently, Solana now enters a comparable phase where price discovery increasingly reflects both spot activity and derivatives positioning. Besides improving access, futures trading also enables hedging and structured exposure within risk-managed portfolios.

Institutional Access Changes SOL’s Market Profile

The availability of SOL futures increases visibility inside traditional trading environments. Additionally, it shifts how capital interacts with the asset. Exposure no longer relies solely on direct token purchases. Instead, allocation decisions, leverage, and hedging strategies may now play a larger role in short-term price behavior.

Moreover, this structure aligns Solana with assets already embedded in institutional workflows. As a result, SOL price movements may increasingly respond to broader portfolio adjustments rather than isolated crypto sentiment. However, greater access does not guarantee immediate upside, especially during weak market conditions.

Analysts Flag Ongoing Technical Pressure

Despite the structural milestone, Solana price action remains under pressure. SOL trades at $127.82, reflecting a daily decline of 0.57% and a weekly drop of 6.73%. The asset holds a market capitalization near $71.8 billion, with strong liquidity across major venues.

Trader Koala noted that SOL printed another weekly close below the weekly EMA200. Hence, the broader trend remains bearish. He highlighted the $89 to $101 zone as the next major demand area. According to his analysis, a deeper risk-off move could push price toward a long-term support range between $30 and $50.

Short-Term Structure Remains Fragile

Additionally, Koroush AK focused on near-term price behavior. He observed a modest bounce near the $123 to $125 region, which acted as short-term demand. However, follow-through remains limited. SOL continues to form lower highs below the $134 mid-range level.

Source: X

Koroush AK warned that a grind back toward $125 with rising volume could signal acceptance below range support. Consequently, that scenario would increase the risk of a broader range breakdown. A clean loss of $123 could expose $118 and $110. On the upside, bulls must reclaim $134 to stabilize structure, while $145 remains a key resistance level.