Key Takeaways:
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The spot Solana ETFs recorded inflows for 13 consecutive days.
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SOL broke its multi-year uptrend and slipped below a key moving average.
Spot Solana exchange-traded funds (SOL) continued to draw investor interest, recording inflows for the thirteenth consecutive day, underscoring institutional demand for the network's native asset.
According to data from SoSoValue, Solana ETFs recorded a rise of $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 just one to see inflows on Thursday, marking the weakest since its launch on October 28.
Solana ETF inflows. Source: SoSoValue
Weaker SOL ETF inflows reflected bearish sentiment across the market, with spot Bitcoin (BTC) ETFs recording every day net outflows of $866 million on the identical day, their second-worst day since launch.
Spot Ether (ETH) ETFs also saw $259.2 million in outflows, reducing their cumulative inflows to $13.3 billion. The funds lost $183.7 million on Thursday and $107.1 million on Wednesday.
However, sustained demand for Solana ETFs has did not keep SOL above key levels, with technical conditions pointing to the potential for a deeper correction.
SOL price breaks key support levels
In line with slowing ETF inflows, SOL price motion turned sharply lower last week, falling over 34% over the past two weeks to $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.
According to data from Glassnode, Solana is currently testing a every day order block around $140, a level with limited support.
Glassnode’s realized UTXO price distribution (URPD) – a metric that shows the common prices at which SOL holders purchased their coins – shows that there may be little clustering of those buying levels below $140. This implies that there are some holders there who’re defending the value.
If the value falls below this level, it could decline towards the 200-week SMA at $100, which is the last line of defense for SOL price.
Solana's downtrend is supported by weakness within the relative strength index, which has reached its lowest level since April 2025.
As Cointelegraph reported, a break below $150 will see the SOL/USDT pair extend its decline to $126 after which to the solid support at $100.
This article doesn’t contain any investment advice or recommendations. Every investment and trading activity involves risks and readers should conduct their very own research when making their decision.
