Solana Price Forecast Suggests 12% Surge as Important Indicators Strengthen

Solana Price Trends: Solana's price has dropped over 30% in the past month, currently sitting at around $126, but early signals from RSI and CMF suggest potential buyer interest and a possible rebound if it breaks above the critical level of $141.

ETF Inflows and Market Support: Despite the price decline, Solana has seen strong ETF inflows, totaling over $605 million, which indicates sustained interest from larger investors and may help support the price during market instability.

Key Resistance and Support Levels: For a bullish reversal, Solana must close above $141, while maintaining support above $121 is crucial to avoid further declines and protect the bullish setup indicated by RSI and CMF.

Network Activity and Future Prospects: Increased activity on the Solana network, including new applications and projects, suggests ongoing interest and usage, which could contribute to a recovery if market conditions improve.