Monthly Chart Analysis
Solana is testing the lower boundary of its ascending channel on the monthly chart, a level that has historically served as a strong reversal zone. If this level holds, it could set the stage for a move towards higher targets of $263 and $315.
Weekly Chart Insights
On the weekly chart, Solana has been trading within a broad range between $125 and $250 for nearly two years. The price has recently reached the lower edge of this range, and a small bounce has been observed. The Stochastic RSI indicator is showing a golden cross in the oversold zone, hinting at a potential bounce.
Short-Term Outlook
On the 4‑hour chart, Solana is reacting at a previously tested support zone between $124 and $125. If buyers maintain control above $134–$135, the price could push towards $145.84 and $149.31. However, if this level is not held, the lower zone may be tested again.
ETF Flows
Franklin Templeton launched its spot SOL ETF on December 5, with initial inflows of $531 million during the first week of trading. Despite some outflows since November 26, total assets in Solana ETFs remain above $900 million. A recent inflow of $4.59 million suggests a possible shift in sentiment.
Conclusion
Solana is at a critical juncture, with technical indicators and ETF flows suggesting a potential reversal towards higher prices. Traders will be closely watching the support levels to see if the current bounce can be sustained.
