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Main takeaways:
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The Solana ETFs spot has recorded flows for 13 consecutive days.
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SOL broke its multi-year uptrend, slipping below a key moving average.
Spot Solana (SOL) the exchange-traded funds continue to attract the interest of investors, registering their thirteenth consecutive day of inflows, submitting the institutional demand for the native asset of the network.
According to data from SoSoValue, Solana ETF 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 register flows on Thursday, marking the weakest since its launch on October 28.
SOL’s weakening ETF influence reflected the bearish sentiment in the market, with spot Bitcoin (BTC) ETFs recorded $866 million in net daily flows the same day, the second worst day since the 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: Every wish of SOL traders has come true, except for new all-time highs: what gives?
Persistent demand for Solana ETFs has, however, failed to keep SOL above key levels, with the technical setup indicating a potential for a deeper correction.
SOL price breaks key support levels
In line with falling ETF inflows, SOL’s price action turned sharply bearish last week, falling more than 34% in the past two weeks to $142 on Friday, its lowest level since June 23.
Solana is currently testing a daily block order around $140, a level with limited support, according to Glassnode data.
Glassnode’s UTXO performed price distribution (URPD) – a metric that shows the average prices at which SOL holders bought their coins – reveals that there is little grouping of these purchase levels below $140. This means that there are a few holders defending the price here.
If the price breaks below this level, it could drop towards the 200-week SMA at $100, which represents the last line of defense for the SOL price.
Solana’s disadvantage is supported by the weakness in the 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 solid support at $100.
This article does not contain investment advice or recommendations. Every investment and business move involves risk, and readers should do their own research when making a decision.
