Solana (SOL) is testing a key resistance zone between $79 and $85, where nearly 105 million SOL were previously traded. A breakout above this level could open the door for a move toward $100 and $127, while a rejection may increase selling pressure and drive the price down to $53 support. Meanwhile, spot Solana ETFs recorded $5.74 million in weekly net inflows, bringing total investments to $1.15 billion and signaling renewed investor confidence. SOL is currently trading at $76.55, down 6.84% in the last 24 hours, with a market capitalization of $44.53 billion.
Solana (SOL) is approaching a pivotal technical level as it challenges the $79–$85 resistance zone. According to Ali Charts, URPD data shows nearly 105 million SOL were previously transacted in that range, creating a major supply wall.
A successful breakout and confirmation of this range as support could remove significant overhead selling pressure. This would open the door for a rapid advance toward $100, with $127 emerging as the next major upside target.
In the absence of a successful reversal, negative sentiment may become entrenched as SOL holders acquired at this price range seek to exit through breakeven. A rejection below $79–$85 would weaken the immediate outlook and send the price toward the $53 support level.
Solana Floor further highlighted that spot Solana ETFs recorded an impressive inflow of $5.74 million over the last seven days. This is among the most successful weeks for the ETF in five weeks, indicating increased investor trust.
The latest weekly flows have taken total net investments into the spot Solana ETFs to $1.15 billion. Positive and consistent fund flows are usually considered a bullish indicator, reflecting growing optimism about Solana’s prospects.
Despite the bullish price predictions and strong ETF growth, the Solana price is still moving downward. This move is also affected by the general market trend as Bitcoin has started to move in a downward direction.
For Solana to proceed, there should be a breakthrough above $79–$85. A successful breakout may rally the price up toward $100 and even $127, while a failed breakout will send SOL lower toward $53. Spot ETF flows will continue to play an important role in determining investor sentiment and price direction.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
