Key to take away:
Sol (Sol) projects a bearish outlook in the daily table after he has formed a bear slap, and if the trend applies, Sol Prize could fall to $ 120.
On the 1-day time frame, Sol shows a head and debt pattern, which is a bearish reversal signal. Reflection under the excerpt of 140 US dollars, which was confirmed by a volume tip, could lead to a bearish sequel.
Solana 1-day diagram. Source: CoinTelegraph/Tradingview
The downward target of the head and shoulder pattern is $ 126, supported by the immediate liquidity zone. However, the daily demand zone is described by the order block between 95 and 120 US dollars (Yellow Box), which could be tested in the next few weeks.
The bear pattern for Sol could be invalid if the price is reached daily above the resistance level of $ 157. However, Solana has shown a strong correlation with Bitcoin throughout the quarter. Since the BTC may test the support near the level of $ 100,000, increased pressure on the sales page could lead to a further correction for SOL.
Relatives: SOL -Prize -Rally on 200 US
Onchain data supports the restoration of Solana.
Despite a bearish view, Onchain data continues to paint a bullish picture for Solana. According to the Glassnode, the network value of transaction ratio (NVT) has dropped under 10, its lowest number of points since February 2025. This indicates strong network use in relation to its market value, an important indicator of long -term potential, although Sol fluctuates from SOL under $ 150.
In addition, the Exchange -Netto position amendment diagram shows consistent SOL -withdrawals from stock exchanges, a trend that has recently started to rise again (ie Sol changes again in stock exchanges). This indicates the growing trust of investors, since keeping Sol from the stock exchanges often signals accumulation for future profits. The data show a significant net outflow with a peak value of -4.6 million SOL on May 28, followed by a recent increase in deposits that corresponds to the current DIP of the price.
While the price of Solana was exposed to volatility and fell from a high of $ 295 in early 2025, the Onchain metrics indicate the underlying strength. The stable NVT and increasing exchange drains underline robust network activity and investor accumulation and overshadow the short-term price bears.
Relatives: Canada's SOL strategies files with SEC to list the Nasdaq
This article does not contain investment advice or recommendations. Every investment and trade movement is the risk, and readers should carry out their own research results if they make a decision.
