SOL at Key Support as Valuation Gap Widens

[bonk]

SOL weekly analysis by Crypto Scient. Source: X

Technically, Solana is sitting near a critical demand zone between $51 and $80, aligning with a major Fibonacci retracement level. Analysts are also watching a deeper fair value gap between $22 and $29 — an area that previously preceded SOL’s explosive rally from $25 to above $200. For now, weekly resistance near $120 continues to cap upside momentum.

Onchain valuation data shows over 6% of SOL supply last moved within the current price cluster, creating a dense cost-basis support zone. Combined with steady ETF positioning and industry-leading DEX turnover, the setup reveals a widening gap between network fundamentals and market valuation. Whether SOL resolves that gap with a recovery toward prior highs will likely depend on how price reacts between the $51–$80 support and $120 resistance in the months ahead.

[chainsniff]

solana really said i built the highway now someone please drive the price