Solana (SOL) is buying and selling close to a key month-to-month assist zone, with the worth 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 assist degree.
Testing Lengthy-Time period Assist on Month-to-month Chart
Based on 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 value 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. Value construction stays intact so long as the trendline is just not damaged.
#SOL Month-to-month Channel Reversal Setup
Solana is testing the key ascending channel assist on the 1M chart — a traditionally sturdy reversal zone
A profitable bounce from this degree units up a clear path towards larger targets:
• $262.62
• $315.43 pic.twitter.com/shMIvhWdO9— Rose Premium Alerts
(@VipRoseTr) December 5, 2025
(@VipRoseTr) Moreover, CryptosBatman posted a weekly chart displaying SOL has stayed in a variety between $125 and $250 for almost two years. The worth has as soon as once more reached the decrease fringe of this vary. A small bounce has adopted.
The Stochastic RSI indicator is displaying a golden cross, with values within the oversold zone. CryptosBatman mentioned this “could be a superb setup right here for a possible bounce.” So long as the worth stays above the assist, the vary stays legitimate.
Quick-Time period Strikes Depend upon Holding Assist
On the 4-hour chart, shared by BitGuru, SOL is reacting at a beforehand examined assist zone between $124 and $125. After dipping to this degree in late November, the asset bounced and is now transferring round $138. Consolidation is seen beneath the $140 degree. BitGuru famous,
“If it holds above this degree, a short-term transfer upward is feasible.”
If consumers preserve management above $134–$135, the worth might 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% payment and can stake its holdings.
As CryptoPotato reported, ETF knowledge exhibits $531 million in inflows in the course of the first week of buying and selling. Nonetheless, since November 26, Solana ETFs have seen cash transfer out—apart from November 28, December 2, and December 4, when inflows returned. Regardless of the current stress, whole belongings have stayed above $900 million. A recent influx of $4.59 million got here in most not too long ago, pointing to a doable shift in sentiment.
The submit Solana (SOL) to $315? The Key Chart Signal You Need to See appeared first on CryptoPotato.
