Key takeaways:
-
The spot Solana ETFs have recorded inflows for 13 consecutive days.
-
SOL broke its multi-year uptrend, slipping below a key moving average.
Spot Solana (SOL) exchange-traded funds continued to attract investor interest, recording their thirteenth straight day of inflows, underscoring institutional demand for the network’s native asset.
According to data from SoSoValue, Solana ETFs added $1.49 million on Thursday, bringing cumulative inflows to $370 million and total assets to over $533 million. The Bitwise Solana ETF (BSOL) was the only one that recorded inflows on Thursday, marking the weakest since its launch on Oct. 28.
Solana ETFs inflows. Source: SoSoValueThe weakening SOL ETF inflows reflected the bearish sentiment across the market, with spot Bitcoin (BTC) ETFs recording $866 million in daily net outflows on the same day, the second-worst day since launch.
Spot Ether (ETH) ETFs also posted $259.2 million in outflows, reducing their cumulative inflows to $13.3 billion. The funds shed $183.7 million on Thursday and $107.1 million on Wednesday.
Related: SOL traders’ every wish came true, except for new all-time highs: What gives?
The persistent demand for Solana ETFs has, however, failed to hold SOL above key levels, with the technical setup indicating a potential for a deeper correction.
SOL price breaks key support levels
In line with the waning ETF inflows, SOL’s price action turned sharply bearish last week, falling over 34% over the last two weeks to $142 on Friday, its lowest level since June 23. The correction also broke a 100-week SMA and the multiyear uptrend that began in January 2023, with the $95 level serving as the yearly low.
Solana is currently testing a daily order block around $140, a level with limited support, according to data from Glassnode.
Glassnode’s UTXO realized price distribution (URPD) — a metric that shows the average prices at which SOL holders bought their coins — reveals that there is little clustering of these buy levels below $140. This means there are a few holders who are defending the price there.
SOL: UTXO realized price distribution (URPD). Source: GlassnodeIf the price breaks below this level, it could drop toward the 200-week SMA at $100, which represents the last line of defense for SOL price.
Solana one-day chart: Source: Cointelegraph/TradingViewSolana’s downside is backed by weakness in the relative strength index, which has hit its lowest level since April 2025.
As Cointelegraph reported, a break below $150 will see the SOL/USDT pair extend the decline to $126 and subsequently to the solid support at $100.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Source: https://cointelegraph.com/news/sol-drops-to-5-month-low-despite-solana-spot-etf-success-is-dollar100-next?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
