Solana Near Key Level, Waiting for Next Move

Solana (SOL) is trading close to an important resistance around $87, which could decide the next direction. Price is currently moving sideways after dropping from the $90 area, while overall sentiment remains positive.

Institutional demand is still strong. Spot SOL ETFs saw $3.28 million in inflows on Monday, following $35.17 million last week, making it five straight days of inflows. If this continues, it can support further upside.

Funding rates have also turned positive at around 0.0068%, showing that traders are leaning bullish as longs are paying shorts.

Lily Liu from the Solana Foundation said Solana is built around unified liquidity, meaning the network is designed to handle large capital flows efficiently and support global-scale financial activity.

On the chart, SOL is trading around $85–86 and staying in a tight range. Momentum is flat and price is compressing below resistance.

Resistance is at 86.8–87.5, then 87.8–90.7. Support is at 84.5–85, then 83, with lower levels at 81 and 78.

Price has already bounced from $83 and is now consolidating, which usually leads to a strong move.

If SOL breaks above $87.5, it can move toward $90+. If it drops below $84, it may revisit $83, and a break below that could lead to further downside.

For now, the market is sideways and choppy, so better trades come after a clear breakout or pullback, not in the middle of the range.

#Gate13thAnniversaryLive
#USIranTalksProgress
$SOL ‌