Solana’s market structure is sending mixed signals as traders weigh higher-timeframe weakness against a developing bullish formation on the monthly chart. Price has retreated sharply in the past 24 hours, slipping toward levels that many analysts consider critical for the next decisive move.
Jeremy, a market analyst, observed renewed weakness on Solana’s higher-timeframe structure after price lost the mid-range support near $147. The chart shows repeated failures near the $170–$180 band. These rejections confirm that sellers remain in control.
Price now trades below $132, exposing the next cluster of support at $121. Moreover, the broader demand region between $95 and $100 remains significant because it aligns with a long-term diagonal support that has held since 2022.
Jeremy noted that a move into the $90–$100 range is possible if downward momentum continues. Hence, traders remain cautious as the structure continues to deteriorate across the weekly chart.
Crypto Metric offered a different outlook based on Solana’s monthly timeframe. The chart shows price consolidating inside a wide bull flag formed after a strong vertical rally. The structure holds between $115 and $200 and represents a classic continuation pattern.
Source: X
As long as monthly candles defend the $115–$130 support zone, the broader trend remains constructive. A breakout above the $200 boundary would confirm the bull flag and open a potential path toward the projected technical target near $1,500.
Consequently, traders consider the monthly structure more encouraging than the weekly trend. Both timeframes paint contrasting scenarios, which increases market uncertainty as Solana approaches a critical inflection point.
Solana trades near $125 as of press time, down more than 11% in the past day. The coin also posted a similar decline over the past week. However, ETF flows tell a different story.
Solana spot ETFs recorded $23.66 million in inflows yesterday, bringing cumulative inflows to $500 million. Moreover, this marks 17 straight days of inflows, contrasting sharply with outflows from Bitcoin and Ethereum funds totaling $1.16 billion.


