$SOL — Market Update

📊 $SOL Price Snapshot

Current price (USD): ~$122.3

Intraday range: ~$117.5 – ~$126.8

Recent trend: Slight pullback / consolidation after short-term selling pressure. The price has been down over the past week compared with earlier levels. �

CoinMarketCap

🔥 Market Drivers & Sentiment

📈 Bullish Factors

Institutional interest and ETFs: Solana ETFs continue to attract inflows even during broader market outflows, suggesting dedicated demand. �

CoinMarketCap

Partnership growth: Strategic partnerships (e.g., tokenisation partnerships and improved exchange integrations) are being highlighted as fundamentals supporting SOL. �

CoinMarketCap

On-chain activity rising: Network activity and transaction volumes have hit multi-month highs, signaling stronger ecosystem usage. �

MEXC

📉 Bearish / Risk Factors

Price consolidation & resistance: SOL is repeatedly testing resistance levels near recent highs (e.g., ~$140–$146) without decisive breakouts. �

MEXC

Competition from other assets: Growing investor preference for Ethereum and Bitcoin products has weighed on Solana’s relative performance. �

CoinMarketCap

Broader market weakness: Like many altcoins, SOL’s price can slide when BTC and large cap markets slow down. �

Coinbase

🧠 Technical Levels to Watch

Support: Around $120–$126 zone (current key support range). �

CoinMarketCap

Resistance: Near $140–$146 — a break above this could signal potential short-term upside continuation. �