Solana Price Prediction: Can SOL Reclaim $70 as Exchange Inflows Improve?
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Solana (SOL) has stabilized around $66 after bouncing from a swing low near $60, holding $65 support while resistance near $69-$70 caps recovery. Technical structure remains fragile as SOL trades below key EMAs and derivatives open interest has fallen, signaling cautious traders despite improving exchange inflows and implications for crypto, DeFi and CEX/DEX activity.
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- Solana remains below key EMAs, keeping broader trend structure firmly bearish bias.
- SOL holds $65 support while resistance near $69 keeps recovery momentum limited.
- Derivatives activity cooled as open interest fell, signaling cautious but active traders.
Solana (SOL) continues to show signs of stabilization after months of intense selling pressure, although technical indicators suggest the broader trend remains fragile. The cryptocurrency recently bounced from a major swing low near $60 and now trades around $66.
Market participants have started to monitor whether this recovery can develop into a stronger reversal. However, SOL still sits below several important resistance levels, keeping traders cautious despite improving market conditions.
Technical Structure Remains Under Pressure
The four-hour chart highlights a market that remains trapped beneath key mo…
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