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Sol (Teller) Share an enormous look at the daily chart after a dominant declining formation, and if the direction continues, Sol PRICE may decrease to $ 120.
In the time frame for one day, Sol shows a head and shoulder pattern, which is a declining reverse sign. The collapse below the neckline level of $ 140, which is confirmed by high size, may lead to a declining continuation.
The negative goal of the head and shoulder style is about $ 126, with the support of the direct liquidity area. However, the daily demand area is determined by the demand block between $ 95 and 120 dollars (the yellow box), which can be tested over the next few weeks.
The SOL’s declining pattern can be nullified if the price achieves a daily closure higher than the resistance level of $ 157. but, Solana Show a strong association with Bitcoin throughout the quarter. With the possibility of a BTC support near the level of $ 100,000, increased pressure side pressure may lead to more correction for Sol.
Related: Sol Price Rallly to $ 200 fermentation, but 3 main incentives must occur first
Onchain Solana Recovery supports data.
Despite the declining expectations, Onchain data for Solana continues to draw an upward image. According to Glassnode, the value of the network value to transactions (NVT) has decreased to less than 10, its lowest degree since February 2025. This indicates the use of the strong network in relation to its market value, a major indicator of long -term capabilities, although the Sol price is less than $ 150.
In addition, the Exchang Net Position site reveals clouds from the stock exchanges, a trend that has recently started to rise again (i.e. Sol returns to exchanges). This indicates the increasing investor confidence, as stopping the stock exchanges often indicates the accumulation of future gains. The data shows a significant net flow, with tops of -4.6 million Sol on May 28, followed by a recent increase in deposits, which are in line with the current decline in prices.
While the price of Solana faced fluctuating, as it decreased from an altitude of $ 295 in early 2025, Onchain standards indicate the underlying force. The stable NVT and the increase in external flows of exchange highlights the strong network activity and the accumulation of investors, calling for the short -term price.
Related: Sol Canada files with SEC to tell them on Nasdaq
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
