Citing CoinRepublic, Solana (SOL) price is currently hovering near the $142 level, a key resistance zone identified by analysts. Crypto trader Ali noted that around 13 million SOL were accumulated at this level, making it a major resistance area. Another analyst, DevKhabib, suggested that institutions may be manipulating the market after SOL failed to break through the soft resistance. Meanwhile, GordonGecko predicted a potential rally to $200 if the level is cleared. On the other hand, a drop to $125 is also being considered. Additionally, the first net outflows were recorded for a Solana Spot ETF, 21 Shares Solana ETF (TSOL), breaking a 21-day streak of net inflows. The upcoming Fed and Bank of Japan monetary policy decisions in December are also expected to impact the market.
Solana Price at Critical $142 Level; Analysts Predict $200 Rally or Drop to $125
The Coin RepublicShare
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