Key takeaways:
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The spot Solana ETFs have recorded inflows for 13 consecutive days.
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SOL broke its multi-year uptrend, slipping beneath a key shifting common.
Spot Solana (SOL) exchange-traded funds continued to draw investor curiosity, recording their thirteenth straight day of inflows, underscoring institutional demand for the community’s native asset.
In keeping with knowledge from SoSoValue, Solana ETFs added $1.49 million on Thursday, bringing cumulative inflows to $370 million and complete belongings to over $533 million. The Bitwise Solana ETF (BSOL) was the one one which recorded inflows on Thursday, marking the weakest since its launch on Oct. 28.
The weakening SOL ETF inflows mirrored the bearish sentiment throughout the market, with spot Bitcoin (BTC) ETFs recording $866 million in each day web outflows on the identical day, the second-worst day since launch.
Spot Ether (ETH) ETFs additionally posted $259.2 million in outflows, lowering their cumulative inflows to $13.3 billion. The funds shed $183.7 million on Thursday and $107.1 million on Wednesday.
Associated: SOL merchants’ each want got here true, besides for brand new all-time highs: What provides?
The persistent demand for Solana ETFs has, nonetheless, failed to carry SOL above key ranges, with the technical setup indicating a possible for a deeper correction.
SOL worth breaks key assist ranges
According to the waning ETF inflows, SOL’s worth motion turned sharply bearish final week, falling over 34% during the last two weeks to $142 on Friday, its lowest stage since June 23. The correction additionally broke a 100-week SMA and the multiyear uptrend that started in January 2023, with the $95 stage serving because the yearly low.
Solana is at the moment testing a each day order block round $140, a stage with restricted assist, in response to knowledge from Glassnode.
Glassnode’s UTXO realized worth distribution (URPD) — a metric that reveals the common costs at which SOL holders purchased their cash — reveals that there’s little clustering of those purchase ranges beneath $140. This implies there are a couple of holders who’re defending the value there.
If the value breaks beneath this stage, it may drop towards the 200-week SMA at $100, which represents the final line of protection for SOL worth.
Solana’s draw back is backed by weak point within the relative energy index, which has hit its lowest stage since April 2025.
As Cointelegraph reported, a break beneath $150 will see the SOL/USDT pair prolong the decline to $126 and subsequently to the strong assist at $100.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.
