$SOL — SOL IS TESTING A KEY SHORT-TERM LEVEL
Solana is trading around $117–$118, after failing to hold above the $120 area. Binance currently shows SOL around $117.80, down about 1.8% over the past 24 hours.
The interesting part is that price weakness is happening while institutional demand remains notable.
U.S. spot Solana ETFs recorded approximately $188M in net inflows last week, the strongest weekly inflow recorded so far.
So I’m watching two things:
1️⃣ Price structure
$120 is the immediate level to reclaim. A sustained move back above it would improve the short-term structure.
2️⃣ Support
If sellers remain in control, the $116–$117 area becomes important. Losing that zone could keep the pullback in play.
For now, I’m more interested in how SOL reacts around these levels than trying to predict the next move.
SOL traders — are you watching a reclaim of $120 or a deeper support test?
#SOL #binnace
Solana is trading around $117–$118, after failing to hold above the $120 area. Binance currently shows SOL around $117.80, down about 1.8% over the past 24 hours.
The interesting part is that price weakness is happening while institutional demand remains notable.
U.S. spot Solana ETFs recorded approximately $188M in net inflows last week, the strongest weekly inflow recorded so far.
So I’m watching two things:
1️⃣ Price structure
$120 is the immediate level to reclaim. A sustained move back above it would improve the short-term structure.
2️⃣ Support
If sellers remain in control, the $116–$117 area becomes important. Losing that zone could keep the pullback in play.
For now, I’m more interested in how SOL reacts around these levels than trying to predict the next move.
SOL traders — are you watching a reclaim of $120 or a deeper support test?
#SOL #binnace
