🚀 $SOL drops 10% for the week, but technical signals raise expectations of a rally
Current price and technical structure
Current price: ~$174
Weekly drop of nearly 10%, although it continues to respect the key support of $166–$170.
Trend continues to lean upward within the channel, driven by exposure in ETFs and staking.
Key factors of the day
Institutions like Upexi continue to accumulate: over 1.9M SOL (~$320 M) since April, including staking yield.
Balances on exchanges decreased by 10%, and a golden crossover is starting to form, typically a signal of bullish momentum, pointing towards a target range between $176–$340.
The SOL/ETH capital inflow index fell to an annual low (0.045), reflecting a rotation towards ETH, although both continue to receive positive flows.
Predictions point to a possible rally to $250 before September, supported by ETF flows and On-chain growth.
Key technical level of the day
Support: $166–$170 (critical accumulation zone)
Resistance: $180–$185 (immediate technical level)
Key zone: staying above $170 validates recovery forces; breaking $180 projects a possible extension towards $200–$250.
Macro/institutional outlook
Solana remains one of the most attractive altcoins due to its strong utility (DeFi, high TPS, low cost) and evident institutional backing (mass accumulation and developing ETF). The narrative is centered on yield+capital growth.
Do you think $SOL will bounce from $170 tonight or are you waiting for confirmation above $180? Leave it down here 👇
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