Key points to remember:
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Solana spot ETFs have seen inflows for 13 consecutive days.
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SOL broke its multi-year uptrend, moving below a key moving average.
Spot Solana (GROUND) exchange-traded funds continued to attract investor interest, recording their thirteenth consecutive day of inflows, highlighting institutional demand for the network’s native asset.
According to SoSoValue data, Solana ETFs added $1.49 million on Thursday, bringing cumulative inflows to $370 million and total assets to more than $533 million. The Bitwise Solana ETF (BSOL) was the only one to see inflows on Thursday, marking the lowest since its launch. launch October 28.
Weakening SOL ETF inflows reflect bearish sentiment across the broader market, with Bitcoin spot (BTC) ETFs recording $866 million in daily net outflows the same day, the second worst day since launch.
Ether Spot (ETH) ETFs also saw outflows of $259.2 million, reducing their cumulative inflows to $13.3 billion. The funds lost $183.7 million on Thursday and $107.1 million on Wednesday.
Related: All SOL traders’ wishes came true except new all-time highs: what gives?
Persistent demand for Solana ETFs, however, failed to keep SOL above key levels, with the technical setup pointing to the potential for a deeper correction.
SOL price breaks key support levels
Along with dwindling ETF inflows, SOL’s price action turned sharply bearish last week, falling more than 34% over the past two weeks to hit $142 on Friday, its lowest level since June 23. The correction also broke a 100-week SMA and the multi-year uptrend that began in January 2023, with the $95 level serving as a yearly low.
Solana is currently testing a daily order block of around $140, a level with limited support, according to Glassnode data.
Glassnode’s UTXO Realized Price Distribution (URPD) – a metric that shows the average prices at which SOL holders purchased their coins – reveals that there is little clustering of these purchase levels below $140. This means that there are a few holders defending the price there.
If the price falls below this level, it could drop towards the 200-week SMA at $100, representing the last line of defense for SOL price.
Solana’s decline is supported by weakness in relative strength indexwhich reached its lowest level since April 2025.
As Cointelegraph reporteda break below $150 will see the SOL/USDT pair extend the decline to $126 and then to strong 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 before making a decision.
