Overview
- Solana traded in a $117.3–$128.8 range on Dec. 19, hovering near its lowest levels since April after slipping through the $120 floor this week.
- Market commentators warn of a potential retest of $100 if support gives way, with some highlighting downside extension targets near $95 or even $80.
- Technical readings remain weak, with price below key moving averages and pressing the lower Bollinger Band, signaling persistent bearish momentum.
- A daily RSI bullish divergence around ~$125 points to possible seller exhaustion, but technicians say confirmation requires a sustained hold and level reclamation.
- Newly approved Solana ETFs attracted roughly $63.9 million in net inflows over the past week, reflecting continued institutional interest despite liquidations and volatility.