Solana's Price Plunges Below $120 Amidst Constructive Demand

Solana's price slipped back below $120 on October 1, after trading between $117.23 and $122.52 over the prior 24 hours.

The spot volume was approximately $4.27 billion, according to CoinMarketCap.

A nearby technical barrier at $120.91 remains a challenge for buyers, as multiple attempts to close higher have failed in this area.

Despite this resistance, there is constructive demand context behind the test of $120.91, with U.S. spot Solana ETFs recording $188.21 million of net inflows across September 21-25, a weekly record.