Solana is once again testing a critical resistance zone that could determine its short-term price direction. At the time of writing, SOL was trading at 76.55 dollars, down 6.84 percent in the past 24 hours. Despite the recent dip, both technical indicators and notable inflows into spot Solana ETFs suggest that the potential for an upward reversal is still on investors’ radar.
Key resistance band stands out
Crypto analyst Ali Charts highlights that SOL has moved close to the vital technical band between 79 and 85 dollars. According to URPD data, nearly 105 million SOL have changed hands in this range in the past. This turnover indicates that the area has become a formidable supply wall for the asset.
Glossary: URPD is an on-chain distribution metric showing how much supply has changed hands at different price levels. Analysts use URPD data to identify potential support and resistance zones created by heavy buying activity in certain ranges.
Ali Charts suggests that if SOL can break above the 79 to 85 dollar band and hold it as support, selling pressure could ease. In this scenario, levels near 100 dollars and 127 dollars may become the next targets.
If this resistance range is broken and confirmed as a support, selling could subside at higher levels. In this case, the price may first target 100 dollars and then look up to 127 dollars, representing the next potential resistance points.
On the other hand, failing to clear the 79 to 85 dollar zone could weaken Solana’s short-term outlook. Investors who bought in this range might aim to exit at breakeven, increasing short-term selling pressure. Here, 53 dollars stands out as the next major support level to watch.
Spot Solana ETF inflows accelerate
Despite price headwinds, investor interest in spot Solana ETFs remains robust. Data from Solana Floor reveals that these products drew 5.74 million dollars in inflows over the past week, the strongest seven-day period in the last five weeks.
With the latest 5.74 million dollar weekly inflow, cumulative net investments into spot Solana ETFs have now reached 1.15 billion dollars.
The total net inflow pushing past the 1.15 billion dollar mark underscores continued demand from both institutional and individual investors for regulated Solana exposure. Spot ETFs track the underlying asset directly and are traded on traditional market platforms, making them attractive for a broad range of market participants.
The market impact of Bitcoin remains strong
However, the price of SOL has yet to mount a decisive recovery. Ongoing weakness across the broader crypto market and the pullback seen in Bitcoin are keeping downward pressure on Solana. For now, the growing strength in technical indicators and ETF flows has not fully translated into a price rebound.
Going forward, the 79 to 85 dollar zone will be firmly in focus. If SOL establishes itself above this resistance area, a move toward 100 and even 127 dollars may come back into play. If not, further downside and a test of the 53 dollar support level remain distinct possibilities.
