Solana (SOL) is buying and selling close to a key month-to-month help zone, with the value hovering round $132. Over the previous week, it has dropped 3%, whereas each day losses stand at 1%.
Consequently, merchants are watching this space because it aligns with a long-term ascending channel help stage.
Testing Lengthy-Time period Help on Month-to-month Chart
In accordance with a chart shared by Rose Premium Alerts, SOL is now sitting close to the decrease boundary of its ascending channel on the 1-month timeframe. This zone has beforehand acted as a base for a number of upward strikes. Present worth motion suggests the extent is holding for now.
Notably, the chart outlines two upside ranges: $263 and $315. These align with the channel’s center and high. Worth construction stays intact so long as the trendline is just not damaged.
#SOL Month-to-month Channel Reversal Setup
Solana is testing the most important ascending channel help on the 1M chart — a traditionally robust reversal zone
A profitable bounce from this stage units up a clear path towards greater targets:
• $262.62
• $315.43 pic.twitter.com/shMIvhWdO9— Rose Premium Alerts
(@VipRoseTr) December 5, 2025
(@VipRoseTr) Moreover, CryptosBatman posted a weekly chart exhibiting SOL has stayed in a variety between $125 and $250 for almost two years. The value has as soon as once more reached the decrease fringe of this vary. A small bounce has adopted.
The Stochastic RSI indicator is exhibiting a golden cross, with values within the oversold zone. CryptosBatman stated this “is perhaps a superb setup right here for a possible bounce.” So long as the value stays above the help, the vary stays legitimate.
Brief-Time period Strikes Rely upon Holding Help
On the 4-hour chart, shared by BitGuru, SOL is reacting at a beforehand examined help zone between $124 and $125. After dipping to this stage in late November, the asset bounced and is now transferring round $138. Consolidation is seen beneath the $140 stage. BitGuru famous,
“If it holds above this stage, a short-term transfer upward is feasible.”
If consumers keep management above $134–$135, the value may push towards $145.84 and $149.31. If not, the decrease zone could also be examined once more.
ETF Launch and Market Flows
Franklin Templeton launched its spot SOL ETF on December 5. It at present holds 17,000 SOL tokens, value round $2.4 million. The ETF applies a 0.19% price and can stake its holdings.
As CryptoPotato reported, ETF information exhibits $531 million in inflows throughout the first week of buying and selling. Nonetheless, since November 26, Solana ETFs have seen cash transfer out—aside from November 28, December 2, and December 4, when inflows returned. Regardless of the latest stress, complete belongings have stayed above $900 million. A recent influx of $4.59 million got here in most lately, pointing to a potential shift in sentiment.
The submit Solana (SOL) to $315? The Key Chart Sign You Must See appeared first on CryptoPotato.
