SOL ETF news gain evaporates, while chart warns of another 20% drop

SOL retraced its ETF rally, and with over 14% of supply concentrated at $144, holding this key support is critical to avoid a deeper correction.

Key takeaways:

SOL’s 5% ETF-driven rally to $160 was reversed entirely within 24 hours, exposing persistent technical weakness on the lower and higher time frames.

SOL trades near a key $144.5–$147.7 supply cluster. A breakdown below $144 could trigger a drop to $124 or even $95–$100, where support thins out.

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