Overview
- Solana trades near $80 after a recent 4% slide, with buyers struggling to clear nearby resistance.
- The 50-day average near $87 is the first ceiling, and a short-term push could target $88 to $90 if that level is reclaimed.
- Support clusters between $71.92 and $77.92, with $77.60 viewed as a key floor that, if lost, could open a move toward about $67.50.
- Solana ETFs, which let stock-market investors track SOL, saw over $17 million leave this week, though a $11.45 million Friday inflow cut the weekly net outflow to $5.62 million.
- Derivatives open interest slipped to about $4.72 billion as momentum gauges stayed weak, while one analyst still points to a long-term uptrend that leaves a distant $1,000 target on the table.