Solana is showing strong institutional interest: spot-ETFs tied to $SOL recorded significant inflows (e.g., ~$336 million in a recent week) which suggests serious demand from large investors.
The network remains technologically robust as a high-throughput layer-1 blockchain (for reference: SOL is native token of the Solana blockchain) and has a large ecosystem of dApps and devs.
Some analysts spot a bullish technical pattern: a “falling wedge” that could lead to a breakout (~22%) if momentum returns.
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⚠️ Risks & things to watch
Technical indicators are bearish on the short to medium term: many moving averages are showing “Sell” signals for SOL/USD.
On-chain activity has dropped: daily active addresses for Solana have hit 12-month lows, which could signal weakening network utility or engagement.
Token unlocks and selling pressure: For example, tokens belonging to the Alameda Research estate were unlocked and moved to exchanges, which often precedes price pressure.
A key support level around US$152-156 was recently breached, which may open the door to further downside unless it is reclaimed.
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🎯 My near-term view
Support zone: ~$152–155. If Solana holds above this, it still has a chance for a rebound.
Resistance zone: ~$160-165. A strong break above this might signal renewed upside.
If support fails → risk of pullback toward ~$140 or lower given the weak technical base.
Overall: Cautious. The institutional demand is a positive, but the technicals and on-chain metrics suggest we should wait for a clearer signal before assuming a bullish trend.
#CPIWatch #PowellWatch #USGovShutdownEnd?
