Solana Price Dips Below $120 as Bearish Money Flow Tests Support at $117

Solana's price has dropped below $120 after failing to break the $125 level on its daily chart. The decline follows a sharp rise from the mid-September area near $97, but SOL remains well above that level. According to TradingView charts, Solana turned lower after approaching $125, which is marked as a major Murrey Math resistance level.

The move has put the latest leg of the rally under pressure, with support near $117 and resistance from about $120 to $125 on opposite sides of the current price. The 4-hour chart shows negative Chaikin Money Flow, indicating increased selling pressure on that timeframe.

Analysts are watching the same area from different angles, with Daan Crypto Trades identifying $148 as a possible target if SOL holds above resistance at $117. However, Batman's chart shows the risk of another rejection if SOL attempts to recover but fails.