Solana Sell Pressure Builds as Exchange Inflows Rise—$77 Is the Line

Solana has traded in a tight range between $87 and $77, and at the time of writing it sits near $83. A bearish flag pattern has formed, putting the $77 support at risk; a breakdown below that level could expose SOL to a 38% drop, potentially reaching $51.

Unrealized profits among short-term holders have been climbing since February, reducing the stabilizing effect from long-term holders. Short-term holders typically sell more quickly when in profit, which can increase immediate selling pressure.

Exchange net position change has shown rising inflows over the past four weeks, signaling mounting sell-side activity. If that selling continues and SOL breaks the $64 support, the price could fall to $57, $51 and even $45, further validating the bearish scenario.

A shift in sentiment would change the outlook: a clear breakout above $88 and $96 would invalidate the bearish pattern and could send the price toward $100, marking a monthly high.

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