The chart shows SOL failing to reclaim the trendline and getting rejected from a supply band, which usually signals strong selling interest above. Since that rejection, there has been little visible demand—bounces are shallow and quickly sold into. More importantly, the Chaikin Money Flow (CMF) has dropped sharply into negative territory, suggesting liquidity is flowing out rather than in. Until CMF stabilises and price reclaims the nearby resistance zone, this bounce risks being a temporary relief move.
The real test for Solana price at month-end is the $100 psychological support level. If SOL holds above $100 and pushes back into $128–$135, it could attempt a stronger recovery toward $145–$155 before the month closes. But if buyers stay absent and the SOL price loses $100 on a daily close, the downside opens quickly, with month-end targets at $92–$88, and a deeper flush risk toward $80–$77.
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