Nancy Lubale 14 hours ago SOL drops to 5-month low despite Solana spot ETF success: Is $100 next? Solana ETFs recorded inflows for 13 consecutive days, but SOL price lost key technical support levels, sparking fears of a drop to $100. Listen 0:00 1673 Altcoin Watch COINTELEGRAPH IN YOUR SOCIAL FEEDKey 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.#Cryptocurrencies #Altcoins #Bitcoin Price #Markets #Price Analysis #Solana Add reaction
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