Solana drops below $120 as bearish money flow puts $117 support to the test
- —SOL fell below $120 and trades near $117.50, 5.7% below the $124.62 peak
- —Daily RSI eased to 61 from recent highs but remains above 50
- —4-hour Chaikin Money Flow dropped to −0.15, pointing to selling pressure
- —A break below $117 puts the next daily support at $112.50 in focus
Why it matters: Holding $117 will determine whether the pullback stays contained or extends toward $112.50, while reclaiming $120.29 opens the way to $125.
Source: Cryptonews.net