Key Takeaways
- Solana spot ETFs log 13 straight days of inflows despite market weakness.
- SOL price breaks multi-year uptrend and slips to five-month low at $142.
- Weak support below $140 increases risk of a drop toward $100.
- RSI and long-term SMA signals point to continued bearish momentum.
Solana Hits 5-Month Low as ETF Momentum Fails to Support Price
Solana’s stellar ETF momentum has hit a stark contrast in the open market. Despite 13 consecutive days of inflows into Solana spot ETFs, SOL has slipped to a five-month low, triggering renewed fears that the asset could drift toward the psychological $100 mark. Investors now face a widened disconnect between institutional interest and weakening technical strength.
Institutional Demand Surges, but Market Sentiment Weakens
Spot Solana ETFs continue to attract steady capital, adding $1.49 million on Thursday, bringing total cumulative inflows to $370 million and boosting assets above $533 million. The Bitwise Solana ETF (BSOL) was the only fund to record inflows during the latest cycle—its weakest day since launching on Oct. 28.
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This slowdown mirrors broader market uncertainty. Spot Bitcoin ETFs saw $866 million in net outflows, their second-worst day since inception, while Ether ETFs also shed more than $259 million, reflecting a clear cooling of sentiment across major crypto assets.
Solana Loses Critical Support as Technical Outlook Deteriorates
Despite persistent ETF interest, Solana’s price action has firmly tilted bearish. SOL has fallen more than 34% in two weeks, sliding to $142, its lowest since late June. This decline shattered the multi-year uptrend that began in January 2023 and pushed the price below the 100-week SMA—a key long-term support level.
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According to Glassnode, SOL is now resting on a fragile order block near $140, an area with minimal historical buyer support. The network’s URPD data shows little clustering below this zone, indicating few holders are defending current prices.
If this level fails, analysts warn SOL could rapidly descend toward the 200-week SMA at $100, considered the asset’s final strong support before triggering a deeper structural correction.
Momentum Indicators Signal Further Downside
Solana’s relative strength index (RSI) is hovering at its weakest reading since April 2025—another sign of building bearish momentum. Market analysts note that a confirmed break below $150 now solidifies downside targets at $126, followed by the major support zone near $100.
Can Solana Avoid the $100 Test?
With ETF inflows showing strength but price action flashing red, Solana is at a critical juncture. Unless buyers reclaim key levels above $150, the probability of a drop to $100 grows sharply. Traders should monitor volume, ETF flow recovery, and macro market sentiment for early signs of reversal.
