Overview
- SOL climbed about 14% from Friday’s $121.50 low to trade near $140 on Monday, yet it remains roughly 30% lower over the past month.
- Analysts flag resistance at $135–$140 with $145 as a key hurdle, while some point to $170 as a higher target if the recovery extends; support is noted at $126 and still at $121–$123, with $107 and $95 eyed if that floor breaks.
- A 50–200 day death cross is forming for the first time since early 2023 as SOL continues to track a descending channel that began in mid-September.
- Derivatives tilt bearish with perpetuals showing negative funding since Friday, open interest down 27% in 30 days, and the monthly futures premium slipping to 0%.
- Network signals are mixed as total value locked fell 20% to $10.5 billion and weekly fees hit a May low, while active addresses rose 13%; some outlets note a daily bullish divergence and new Solana ETFs as potential near-term supports.