Solana at a Crossroads!

🔸 Critical Support Test Underway

Solana's price is currently testing a crucial rising channel support. A break below this level could trigger a significant drop towards the $128.50 mark.

🔸 Institutional Interest vs. Technical Pressure

Despite the bearish technical setup, institutional demand for Solana remains robust, creating a tense tug-of-war in the market. The Solana Foundation has remained silent on the matter.

🔸 What to Watch For

Analyst Carl Runefelt highlights that a confirmed break of the channel is the key signal to watch. This event could initiate a rapid move to the next major support zone, defining Solana's short-term trajectory.