Solana Price Drops 11% to $125, Approaching Key Support Level

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Citing Bijiéwǎng, Solana's price fell over 11% to around $125, nearing a key support range of $115 to $130. Analysts noted conflicting market signals: the weekly chart suggests a potential drop to $90–$100, while the monthly chart shows a bullish flag pattern indicating a possible rise to $1,500 if resistance is broken. Despite the price weakness, the Solana ETF recorded a $23.66 million inflow, marking 17 consecutive days of positive flows and a total of $500 million in inflows, contrasting with outflows from Bitcoin and Ethereum funds.

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