Solana (SOL) stalls under $87.65 as ETF flows soften, $80 support tested
Solana (SOL) is stalling after failing to break above the $87.65 resistance zone. With momentum still mixed, traders are watching the $80–$77.32 area closely. A daily close below $77.32 could accelerate losses toward $63.72.
Fundamentals remain constructive for Solana: the network is cited as hosting over $2B in tokenized real-world assets, while institutional staking products and regulated custody/broker access (e.g., Galaxy) improve usability and potential liquidity. However, the article flags caution from recent outflows in Solana-focused ETFs, suggesting adoption gains may not be translating into immediate price strength.
If SOL clears $87.65, the upside targets highlighted are $97.56 and $106.95. In the near term, SOL’s next direction likely depends on whether Solana holds $80 and whether institutions re-engage. Correlation with Bitcoin remains important, since broader BTC strength typically lifts SOL.
Key levels: resistance at $87.65; support at $80 then $77.32; bearish extension risk toward $63.72; upside targets at $97.56 and $106.95.
Neutral
Solana’s longer-term narrative is improving (tokenized RWA growth, better staking and regulated custody access), but the near-term tape is still constrained by price structure and ETF flow uncertainty. A stall below $87.65 keeps the market in a “wait-and-confirm” mode. The $80 area is the key pivot: holding it supports a range-to-upside scenario toward $97.56 and $106.95, while a breakdown would shift the bias quickly lower toward $63.72. In short, the fundamentals are supportive, but current ETF outflows and technical resistance keep the immediate impact on SOL neutral-to-cautious rather than outright bullish.