$SOL Solana is trading near $109–$111, facing short-term pressure after a recent correction. Weak technical momentum and institutional ETF outflows are limiting bullish confidence. However, the $107–$109 region remains an important support zone for a potential recovery.
Key Support: $107–$109
Major Support: $105–$106
Immediate Resistance: $112–$114
Major Resistance: $116–$120
Bullish Scenario: A sustained breakout above $114 with strong volume could open the path toward $116 and potentially $120.
Bearish Scenario: A decisive daily close below $107 could expose SOL to further downside toward $105 and the psychological $100 level.
Market Bias: Neutral to bearish in the short term.
Conclusion: Solana is approaching a critical technical zone. Buyers need to reclaim resistance to restore bullish momentum, while a breakdown below support could extend the correction. Monitor Bitcoin's direction, trading volume, and ETF flows before confirming the next move.
#SolanaETFsEnd14WeekInflowStreak #solana
Key Support: $107–$109
Major Support: $105–$106
Immediate Resistance: $112–$114
Major Resistance: $116–$120
Bullish Scenario: A sustained breakout above $114 with strong volume could open the path toward $116 and potentially $120.
Bearish Scenario: A decisive daily close below $107 could expose SOL to further downside toward $105 and the psychological $100 level.
Market Bias: Neutral to bearish in the short term.
Conclusion: Solana is approaching a critical technical zone. Buyers need to reclaim resistance to restore bullish momentum, while a breakdown below support could extend the correction. Monitor Bitcoin's direction, trading volume, and ETF flows before confirming the next move.
#SolanaETFsEnd14WeekInflowStreak #solana