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. Higher-Timeframe Breakdown Raises Caution 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. Monthly Bull Flag Suggests Larger Upside Potential 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. Market Data Shows Decline Despite Solid ETF Inflows 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.
