SOL Bulls Face a Challenge as Solana Rally Shows Signs of Exhaustion

SOL holds above $114-$117 support, while $124-$125 remains key resistance. Solana ETF inflows slowed sharply, reducing recent institutional buying momentum. Alpenglow upgrade progress strengthens long-term outlook despite short-term market pressure. Solana entered October with strong momentum after a powerful September rally. Buyers pushed the token toward the upper end of a key trading range and kept hopes alive for another breakout. Recent market conditions, however, have become less supportive. Slowing ETF demand, rising Treasury yields, and broader crypto weakness have started to test investor confidence.

Source: CryptoNewsLand