Overview
- Solana dropped to roughly $158 after breaking down from a closely watched symmetrical triangle and losing the $178–$180 support zone.
- Price is retesting the $155–$160 band, with a recent defense reported near $155.83 as traders gauge whether the level can hold.
- Analysts point to $140–$145 and about $131 as next downside areas if a daily close below the support band confirms a breakdown.
- Momentum has weakened further, with the 50-day average rolling over, the 200-day average breached, and on-balance volume trending lower.
- ETF activity shows demand: Bitwise’s BSOL reached about $400 million in its first week and Solana ETFs saw roughly $70 million in one-day inflows, yet these flows have not reversed the price slide.