Overview
- SOL trades near $85 after another pullback from $90, extending a month-long consolidation between roughly $78 and $90.
- A move through $88.60 to $92 is the key breakout zone, with upside levels flagged around $100–$106 if reclaimed; failure keeps the range intact.
- Spot SOL ETFs drew $18.44 million over two days this week after $44.44 million last week, reinforcing medium-term support from institutional buyers.
- Positioning signals are mixed: funding turned slightly positive, but earlier de-risking saw futures open interest fall over 6% alongside about $26.5 million in liquidations.
- Network and trading activity improved as weekly transactions rose about 19% and whales bought near $78, yet a breakdown below the $77–$78 floor could reopen $67.50, with some analysts warning of $57 in a deeper slide.