Solana (SOL) stall under $87.65 as ETF flows slow down; $80 support don try
Solana (SOL) don dey stall after e no fit clear di $87.65 resistance zone. Wit momentum still mixed, traders dey watch di $80–$77.32 area close. If e close for daily below $77.32, losses fit quick go down to $63.72.
Fundamentals still dey good for Solana: di network dey host over $2B worth of tokenized real-world assets, and institutional staking products plus regulated custody/broker access (like Galaxy) dey improve usability and possible liquidity. But di article warn say recent outflows for Solana-focused ETFs show say adoption gains no dey turn into immediate price strength.
If SOL clear $87.65, di upside targets dem na $97.56 and $106.95. For near term, SOL next direction likely depend on whether Solana fit hold $80 and whether institutions go re-engage. Correlation wit Bitcoin still important, as wider BTC strength usually lift 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 long-term story dey improve (growth for tokenized RWA, better staking and regulated custody access), but short-term tape still dey constrained by price structure and uncertainty for ETF flows. If e stall below $87.65, e dey keep market for "wait-and-confirm" mode. The $80 area na the key pivot: if e hold, e support range-to-upside scenario toward $97.56 and $106.95, but if e break down e go shift bias quick down toward $63.72. In short, fundamentals dey supportive, but current ETF outflows and technical resistance make the immediate impact on SOL neutral-to-cautious rather than fully bullish.