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Solana (SOL) Breaks Below $120 Support, Analysts Warn of Potential $100 Test

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SOL
$125.48-0.57%
Solana (SOL) has broken below the key support level of $120, triggering bearish signals. The token has fallen 13% in a week and could test the $100 level next. A bearish 'head and shoulders' pattern and weak momentum suggest further downside, with some analysts eyeing $80. Despite the drop, Solana ETFs in the U.S. saw $63.9 million in net inflows last week, showing continued institutional interest. The next resistance level to watch is $120.
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