Solana accumulating at $124 support; $1.5B YTD revenue and ETF inflows bolster case for reclaim of POC toward $167
first published 2025-12-30T16:02:16Z
SOL is showing accumulation around the $124 region (Value Area Low / high-timeframe demand zone). Price has repeatedly defended $124 with impulsive bullish reactions and no decisive close below, indicating seller absorption. A clean reclaim of the Point of Control (POC) on strong volume would signal acceptance back into value and likely a rotation toward the next major resistance at $167. Volume expansion is required for a sustained reversal; without it price may stay in consolidation. Narrowing revenue gap with Ethereum and interest in SolStaking are cited as supportive fundamentals.
AI Analysis
Price repeatedly defended $124 and has not decisively closed below it (buyer absorption). A clean reclaim of the POC on strong volume is presented as the trigger for acceptance and a move toward $167; absence of volume expansion would keep consolidation. Summary also cites narrowing revenue gap with Ethereum and SolStaking interest as fundamental support.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
