Solana between institutional support and correction pressure.. Will it return above $110?
SOL rose strongly over the past week, supported by record inflows to ETF funds and increasing institutional demand, reaching $110.60 before pulling back currently to around $105.87
Support: 105 then $103.40
Strong support: $100
Resistance: $108.20 then $110.60
A break above $110.60 and staying above it could restore the upward momentum
Breaking $103.40 could open the door for a deeper correction
The overall trend is still bullish, but Solana needs to reclaim the $108–$110 range to confirm the continuation of the uptrend, while the $100 level remains key to maintaining the positive outlook
SOL rose strongly over the past week, supported by record inflows to ETF funds and increasing institutional demand, reaching $110.60 before pulling back currently to around $105.87
Support: 105 then $103.40
Strong support: $100
Resistance: $108.20 then $110.60
A break above $110.60 and staying above it could restore the upward momentum
Breaking $103.40 could open the door for a deeper correction
The overall trend is still bullish, but Solana needs to reclaim the $108–$110 range to confirm the continuation of the uptrend, while the $100 level remains key to maintaining the positive outlook
