Overview
- Solana traded around $87 to $88 on Monday, holding above its 50‑day average near $87 with support around $86.50 and $85 and resistance stacked at $88.20, $90, and $92.
- Analysts say a daily or multi‑day close above $94 would likely clear a run toward the $100 mark, while a drop under about $77 would warn of deeper weakness.
- Ali Martinez highlighted a squeeze in Bollinger Bands on the 3‑day chart between $77 and $94, a tool that marks upper and lower bands around price, and urged waiting for a confirmed close outside that range.
- Solana‑focused exchange‑traded funds took in $9.44 million last week after five straight days of net inflows near $1.45 billion, and Goldman Sachs disclosed roughly $108 million of SOL exposure.
- Derivatives gauges turned more risk‑on as futures open interest climbed to about $5.23 billion and the funding rate rose to 0.0095%, while spot trading volume fell more than 23%, suggesting any breakout will need stronger participation.