Solana may enter a sustained rally following the launch of two US ETF products that have attracted over $300 million in inflows since debut, according to Bybit analysts. The Bitwise Solana Staking ETF and Grayscale Solana Trust ETF signal strong institutional interest despite an 8% price decline during the first trading week. The exchange views the listings as a structural shift positioning SOL alongside Bitcoin and Ethereum as regulated digital assets with brokerage access.

Solana fell 8.3% on Monday, breaking below its three-month support at $175 for the first time since August and reaching a local low of $165. Analyst Ali Martinez warns the token could decline 30% to $115 if it fails to reclaim $180. Some traders view the pullback as a healthy retest of long-term support levels.

BNB climbed 5.5% after President Donald Trump pardoned Binance co-founder Changpeng Zhao on Thursday. The cryptocurrency recovered to $1,100 following the announcement. Zhao had pleaded guilty to Anti-Money Laundering violations in 2023 and served four months in prison last year.