🚀 $SOL is facing a critical test — can bulls finally break $122 ?
Solana is caught between strong demand and fresh selling pressure. Pump.fun recently moved another 47,994 SOL worth about $5.83M into the market, adding supply while SOL attempts to recover.
At the same time, strong ETF inflows are providing another source of demand and could help absorb selling pressure.
Technically, $122.70 remains the key resistance. SOL was rejected there and slipped toward $120.64, while RSI cooled from near 70 to around 67. This suggests momentum is still positive but losing some strength.
If buyers reclaim $122.70 with strong volume, the next upside move could accelerate. But another rejection may send SOL toward the important $110.13 support before bulls attempt another breakout.
Solana is caught between strong demand and fresh selling pressure. Pump.fun recently moved another 47,994 SOL worth about $5.83M into the market, adding supply while SOL attempts to recover.
At the same time, strong ETF inflows are providing another source of demand and could help absorb selling pressure.
Technically, $122.70 remains the key resistance. SOL was rejected there and slipped toward $120.64, while RSI cooled from near 70 to around 67. This suggests momentum is still positive but losing some strength.
If buyers reclaim $122.70 with strong volume, the next upside move could accelerate. But another rejection may send SOL toward the important $110.13 support before bulls attempt another breakout.
