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SOL fell below $125 but attracted $500 million in funding, with the technical analysis offering two extreme target prices.
[Coin World] SOL has recently fallen quite sharply, sliding directly to around $125, with a decline of over 11%. It is now precisely stuck in the key support range of 115 to 130, which is a rather delicate position.
From a technical perspective, it seems a bit tangled. The weekly chart doesn't look too good, and some analysts believe it might fall further down to 90-100 dollars. However, on the monthly chart, a bullish flag pattern has appeared, and if it can break through the upper resistance, theoretically, we could see 1500 dollars—this difference is quite significant.
Interestingly, although the price is falling, the Solana ETF is attracting capital wildly. It saw an inflow of 23.66 million dollars in a single day and has maintained a net inflow for 17 consecutive trading days, accumulating 500 million dollars. In contrast, BTC and ETH funds have been experiencing outflows during this period. This divergence between capital flow and price trends is indeed worth pondering.