Solana Sees $69M ETF Inflows Amid Price Pressure Below $130

Solana has attracted strong institutional attention over the past week, even as price action shows continued technical weakness. Exchange-traded funds linked to Solana recorded more than $69 million in net inflows, signaling growing interest from large investors. 

Besides improving sentiment around Solana’s long-term prospects, the inflows highlight a widening gap between institutional accumulation and short-term market structure. Consequently, traders continue to watch whether this demand can translate into a sustainable price recovery.

Despite the inflows, Solana’s price remains under pressure. At the time of writing, Solana traded near $124.53, posting modest daily and weekly declines. Trading volume remained elevated near $4 billion, indicating active participation despite recent losses. 

With a circulating supply of roughly 560 million tokens, Solana’s market value hovered close to $70 billion. Besides price action, these metrics show Solana continues to hold relevance among large-cap digital assets.

SOL Downtrend Holds Below $130 Level

Ali Martinez noted that Solana remains in a downtrend unless price breaks above $130. The SuperTrend indicator continues to flash a sell signal on the four-hour chart. 

Significantly, SOL has failed to reclaim this level despite several rebound attempts. Recent rallies stalled between $126 and $128, showing limited bullish follow-through.

Additionally, the earlier rejection near $140 reinforced strong overhead supply. Immediate support sits near $122, which has absorbed selling pressure so far. 

However, failure to hold this zone could expose SOL to a deeper move toward $118. Consequently, short-term momentum remains tilted to the downside until buyers regain control above resistance.

Source: X

Sellers Defend $127 as Dominant Resistance

Umair Crypto also highlighted $127 as the most important level in the current structure. According to his analysis, buyers attempted to flip this zone during a push toward $128.6. 

However, sellers quickly absorbed demand and forced price back into the $126 range. Hence, the rejection confirmed strong supply at that level.

Moreover, footprint data showed buying activity near $127 without continuation volume. Sellers overwhelmed those bids soon after. Additionally, SOL remains below the 50-period simple moving average, although price is attempting a reclaim. While volume has improved slightly, it has not yet supported a confirmed breakout.