Solana Maintains $145 Support After ETF Approval, Suggests Potential Bottom Formation
Key Support Level: Solana's price has maintained strong support at the $145 level for over a week, indicating robust buyer demand and potential for a bottom formation.
ETF Inflows: The recent approval of Solana ETFs has led to $9.7 million in inflows over seven consecutive days, reflecting growing institutional interest and confidence in Solana's market position.
Bullish Outlook: If the $145 support holds and ETF inflows continue, Solana could see a price rally towards the $180–$200 range, while a drop below this support would shift focus to $120 as the next downside target.
Technical Indicators: The price action suggests accumulation, with multiple rejections of lower prices and a strong buyback presence, supported by the alignment of the 0.618 Fibonacci retracement level with the current support zone.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.928 | 41.714 | 67.278 | 93.064 | 118.628 | 144.414 | 169.978 |
| Fibonacci | 41.714 | 61.33 | 73.448 | 93.064 | 112.68 | 124.798 | 144.414 |
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