Solana price is holding near $133 after falling sharply earlier in the week. That decline has pushed the market into a key support area where buyers have stepped in before.
Technical data show buyers tend to enter near $124 while sellers defend $145. The mid-range, where SOL currently trades, offers little conviction. This balance has shaped short-term sentiment, with rallies fading near resistance and declines being caught near support.
The latest analysis from popular analyst Ali (@ali_charts) shows the Solana coin moving sideways between $124 and $145.
The current price sits in the middle of that band, which Ali described as “the least favorable area to take a position.” Until the price reaches either extreme, traders face limited edge and slower momentum.
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A separate weekly view shared by Thanos (@CryptoThannos) highlights why the zone matters. He called it Solana’s “most important weekly level,” noting it has acted as support several times across 2024 and 2025.
Every major reversal began near this zone, and the market is testing it again after a long drop. “Hold this level and SOL can bounce. Lose it and the structure shifts fully bearish,” he wrote.
Meanwhile, the broader environment reflects caution. Solana crypto ETFs have accumulated $890 million in assets, with $640 million in cumulative net inflows.
But on the latest reporting day, daily inflows were modest at $1.18 million, and many products saw zero new capital. Institutional demand has not disappeared, but enthusiasm has clearly slowed at current levels.
In the near term, a move above $145 would be the first sign of a real rebound in the Solana price. Losing $124 would point the other way and signal weakness. For now, the price is boxed in between the two levels.
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