Solana Stays Stuck Below $90 as On-Chain Recovery Signals Clash With Loss Selling

Solana's price has remained range-bound below $90 for nearly two weeks, reflecting market uncertainty. On-chain metrics present a mixed picture: the Spent Output Profit Ratio (SOPR) is rising from negative territory, suggesting realized losses are easing, but historically, a move above 1 prompts short-term selling pressure from exiting investors. Technical indicators like the Chaikin Money Flow (CMF) are also improving but remain negative, indicating declining outflows without decisive capital return. In contrast, institutional flows show strong support, with Solana recording $31 million in inflows for the week ending February 13. Currently trading around $81, SOL is stuck between $78 support and $87 resistance; a break below $78 risks a drop toward $73, while clearing $87 could target $100 and potentially $110.

(Source：BeInCrypto)