Altcoins News
By Julie Binoche
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Institutional Confidence Meets Market Reality. Last week’s heavy inflows into Solana’s ETFs had fueled optimism that institutions were steadily…
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Technical Breakdown: Bulls Lose Ground Below $170. Following the October 10 crash, Solana bulls fought to defend the $170–$180 demand zone, a level…
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Key Levels: $145–$150 Becomes the Next Test. At press time, SOL hovered around $156, having tested the $156.
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Market Sentiment Turns Cautious. Despite continued whale accumulation and ETF inflows, Solana’s broader market structure remains…
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What’s Next for Solana?. For Solana to reverse its current trend, several factors must align:
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Short-Term Outlook: Weak But Not Broken. While Solana’s price action looks weak in the short term, its long-term fundamentals remain intact.
7 / 15
Solana [SOL] faced a sharp correction this week, plunging 21% from its previous week’s high, even as the network continued attracting significant institutional inflows.
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This unexpected downturn has left traders wondering whether Solana’s recent weakness is a short-term retracement or the start of a deeper correction.
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However, the inflows failed to translate into upward momentum for the token. Analysts suggest that institutional buying may have masked underlying weakness in market structure,…
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As a result, when broader market conditions turned risk-off, Solana was hit disproportionately hard, erasing nearly a quarter of its recent gains.
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Following the October 10 crash, Solana bulls fought to defend the $170–$180 demand zone, a level that had provided support multiple times in prior months.
12 / 15
But this setup turned out to be deceptive. Instead of higher highs confirming a bullish reversal, Solana’s chart developed a symmetrical triangle pattern, often a continuation…
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The On-Balance Volume (OBV) indicator trended lower throughout this period, suggesting that selling pressure was quietly dominating.
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As a result, the price eventually broke below the October swing low of $168.8, confirming a bearish breakdown.
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At press time, SOL hovered around $156, having tested the $156.65 support zone — a level that dates back to July.
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