Solana Steadies As Traders Weigh Inflows Against Technical Weakness

Summary Solana holds $196 after steep pullback from $250 highs. On-chain inflows of $21.6M signal dip-buying ￰0￱ resistance at $210 must be reclaimed to revive ￰1￱ Parshwa Turakhiya Solana ( SOL-USD ) is trading near $196, stabilizing after a sharp sell-off from highs above $250 earlier this ￰2￱ token’s latest decline tested mid-channel support and the 100-day EMA near $194, a level now acting as a critical pivot for the broader bullish ￰3￱ buyers can hold this zone will determine if Solana avoids a deeper retracement toward $181 or even $160, where stronger historical support ￰4￱ structure at a crossroads The daily chart shows Solana contained within a broad ascending channel, but momentum has shifted after repeated bearish breaks of ￰5￱ is now stacked at $208 and $219, followed by the $245–$250 ceiling that capped September’s ￰6￱ to reclaim the $208–$210 range would leave the token vulnerable to renewed selling ￰7￱ Price Dynamics () The RSI has cooled from overbought levels and now sits in neutral territory, reflecting fading buyer ￰8￱ the long-term channel remains intact, short-term control lies with sellers unless buyers can decisively push back above the $210 threshold.

On-chain flows highlight mixed sentiment Exchange data offers a nuanced ￰9￱ September 26, Solana registered positive net inflows of $21.6 million, coinciding with price stabilization around $196. This indicates dip-buying interest, though the broader pattern has been uneven, with significant outflows accompanying the decline from $250. Sustained positive flows will be key to offsetting profit-taking and reviving upward ￰10￱ participants remain cautious as liquidity conditions ￰11￱ consistent inflows, traders may demand lower prices before committing to fresh accumulation, keeping the $181 zone in focus as the next test of ￰12￱ Fundamentally, Solana retains one of the most active ecosystems in blockchain, with vibrant DeFi and NFT activity anchoring long-term investor interest.

However, the immediate trajectory is defined by technical positioning and liquidity ￰13￱ bulls can stabilize above the 100-day EMA and reclaim the $210 zone, the path toward retesting $245–$250 reopens. Otherwise, momentum risks sliding toward $181, where longer-term buyers may find value. Previously, we noted Solana’s heavy selling pressure near $250 and highlighted the importance of structural support in guiding the next move. Today’s action reinforces that view, with the $193–$196 zone emerging as the market’s ￰14￱ next sessions will reveal whether Solana’s resilience can withstand sustained seller ￰15￱ material may contain third-party opinions; none of the data and information on this webpage constitutes investment advice according to our ￰16￱ we adhere to strict Editorial Integrity , this post may contain references to products from our ￰17￱ Post