Kraken News: Solana (SOL) Faces Hurdles in Rebounding from Recent Decline

Solana (SOL) Struggles to Rebound

Solana (SOL) has started a fresh decline below the $165 zone and is now consolidating losses. The price is struggling to recover above the $145 resistance and is currently trading below $150 and the 100-hourly simple moving average. There was a break below a short-term rising channel with support at $144. SOL declined below the $162, $150, and even $140 support levels, with the recent low formed at $132. The price has recovered some losses but faces hurdles in clearing the $180 resistance.

Kraken Plans to Go Public in Q1 2026

Crypto exchange Kraken plans to go public in Q1 2026, taking advantage of the friendlier regulatory climate under President Donald Trump. After years of delays caused by regulatory crackdowns, the company aims to be more transparent by disclosing 2024 financial highlights. Kraken has been eyeing an IPO for years, but U.S. regulators under Joe Biden slowed things down with lawsuits claiming it operated as an unregistered securities exchange, broker, and dealer. No specific coins or exchanges mentioned in this news.