Solana SOL price analysis

A notable long-term structure is developing on the SOLUSDT chart — a 1.5-year consolidation resembling a broad “diamond” formation.
Such structures in classical technical analysis often appear near the end of distribution phases and may precede a deeper downside continuation.
From this perspective, a potential move toward the $40 region cannot be excluded.

At the same time, market data presents a contrasting signal:
• #Solana ETF remains one of the few crypto-related instruments consistently showing positive daily inflows
• Both BTC and ETH ETFs have not demonstrated the same level of capital interest
• This suggests that institutional positioning around SOL may be slowly increasing

If capital inflows persist, higher-timeframe upside scenarios — even toward the $700 region — could remain on the table in the broader macrotrend.

What scenario do you find more probable at this stage: deeper correction or long-term continuation?

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🧠 DYOR | This is not financial advice, just thinking out loud