Solana stalls under $146 resistance; bearish imbalance favors $112 sweep

first published 2025-11-17T07:17:47Z

Solana (SOL) plunged through the $144.50–$140.80 demand zone to about $140.71, down nearly 16% on the week. Price is trading below the 7-day SMA ($147.97) and key Fibonacci support ($149.96); RSI is 29.9 (oversold) and MACD is -1.99. Immediate resistance sits at $149.96 and $161.73; next support is $134.97 (then ~ $129). ETF flow data show daily SOL ETF net inflows around $12.04M (total net assets $541.31M) with intermittent inflows up to $70M that failed to sustain momentum. Broader market risk-off and $1.8B in BTC/ETH ETF outflows also weighed on SOL.

AI Analysis

SOL fell below the $144.50–$140.80 demand zone to $140.71 and is ~16% down for the week; it trades below the 7-day SMA ($147.97) and Fibonacci support ($149.96) with RSI at 29.9 and MACD at -1.99, indicating bearish technicals. ETF data show modest daily SOL inflows (~$12.04M) and total net assets of $541.31M, while intermittent inflows up to $70M failed to sustain momentum; concurrent $1.8B BTC/ETH ETF outflows and market risk-off pressured the price. These facts support a bearish short-term outlook and moderate trading impact.

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