Solana hits $75 wall, $7.11M ETF flex, and a chart that's saying "not so fast" 🧱

Solana [SOL] climbed back above the $70 mark, trading up roughly 2% over the past 24 hours as the broader crypto market recovered. Daily trading volume rose more than 20% to approximately $2.20 billion, according to market data at press time.

The move extended a rally that began late last week after a TD Sequential buy signal, lifting SOL by about 8% from $68 to $74. On shorter timeframes, however, momentum is starting to shift. The 4-hour chart has flashed a TD Sequential sell signal as price tests a resistance trendline, with the 200 SMA adding supply at the same level. A rejection could pull SOL back toward $72 or lower in the near term.

Underlying demand, by contrast, remains firm. Spot Solana ETF flows swung from net outflows of about $2.54 million to net inflows exceeding $7.11 million over the past week, a shift that coincided with the latest leg of the price advance. Network activity has also expanded, with daily on-chain transactions roughly doubling since January from 60 million to 120 million.

On a relative basis, Solana has shown more strength than Ethereum [ETH], with ETF inflows and on-chain usage diverging from the softer short-term chart signal. If bulls reclaim $75, a continuation higher becomes the path of least resistance, while a close below last week's higher low near $68 would expose a deeper move toward $60.