Solana's price remains constrained by the 88-90 USD supply zone, despite a 3% intraday increase to around $84.41. The short-term bullish momentum remains weak. Although the weekly momentum indicator shows an initial bullish signal, the short-term technical outlook is cautious, with support levels at $83.30 and $80.50. If it can regain above $89, it may open the door to $100-110. However, a drop below $77 could lead to further declines toward $60. Last week, approximately $43.75 million flowed into Solana ETFs, providing potential support.
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Solana's price remains constrained by the 88-90 USD supply zone, despite a 3% intraday increase to around $84.41. The short-term bullish momentum remains weak. Although the weekly momentum indicator shows an initial bullish signal, the short-term technical outlook is cautious, with support levels at $83.30 and $80.50. If it can regain above $89, it may open the door to $100-110. However, a drop below $77 could lead to further declines toward $60. Last week, approximately $43.75 million flowed into Solana ETFs, providing potential support.