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$75 Resistance, ETF Inflows Reverse & the Unsigned Macro Deal | Jun 16
Audio is available on Spreaker — see link below.
SOL is pressing against its most critical resistance level in weeks as ETF inflows reverse course — but derivatives still lean bearish and the geopolitical deal driving the rally hasn't been signed. Everything that matters for Solana's next move, analysed in under 10 minutes.
Audio is available on Spreaker — see link below.
Solana is sitting at the most important price level it's faced in weeks. After falling to sixty dollars in early June, SOL has recovered twenty percent and is now pressing against seventy-five dollar resistance.
The institutional signal shifted this week. Solana spot ETFs recorded two point eight one million dollars in inflows on Monday, reversing the prior week's two point five eight million dollar outflow.
Here's the conflicting signal. Derivatives markets haven't followed spot.
A significant portion of this rally traces back to geopolitical relief. A U.S.-Iran framework agreement on the Strait of Hormuz was cited as a key driver of SOL's recovery this week.
Away from price action, there's a development in ecosystem consolidation worth watching. Forward Industries, which operates Solana validators and holds a nearly seven million SOL treasury, made a non-binding acquisition offer for Solana Company, trading under the ticker HSDT.
Narrowing to what matters next: a clean close above seventy-five point seven dollars starts clearing the breakdown thesis and opens a path toward eighty-three to ninety-eight dollars. A rejection here puts seventy-one and sixty-nine in play, with sixty acting as the structural floor.
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