Solana Takes a Tumble: Can ETF Inflows Save the Day or Is it Game Over?

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Markets

What you need to know (if you care about Solana’s emotional rollercoaster):

  • SOL decided to take a nosedive from $153 to $145, breaking below that oh-so-important $150 support like it was nothing.
  • Trading volume? Oh, it surged 13
  • But wait! Solana ETFs kept attracting cash, as if nothing was wrong. Someone’s having a good time while the rest of us panic.

According to CoinDesk Research (which is always so cheerful during a market crash), Solana had a pretty spectacular Wednesday. It plunged 5.24

The downward spiral reached its peak (or should we say, bottom?) during the last few hours of trading. SOL nosedived from $153.03 to $145.31, triggering stop-loss orders like fireworks on the Fourth of July. Each hour closed with a fresh new low. By the final 60 minutes, the bears were in full control, and SOL plummeted further from $148.61 to $145.29. Someone call the paramedics, this market needs saving.

ETF Inflows vs Technical Pressure: A Tale of Two Solanas

Now, for a twist worthy of a soap opera, the decline came amidst some, shall we say, conflicting signals. While the price was cratering, Solana ETFs were still managing to get inflows-on their 11th consecutive day, no less. Bitwise’s BSOL ETF was leading the charge, with a neat $369 million in assets. But on the other hand, the network’s activity was doing its best impression of a sinking ship.

Daily active addresses tanked to a 12-month low of 3.3 million, down from a healthy 9 million in January. Guess that whole “memecoin craze” isn’t doing the trick anymore. This weird disconnect between institutional demand and actual network activity created a technical storm that no one could escape. Cue the dramatic music.

Key Technical Levels Signal Further Weakness for SOL: Spoiler Alert: It’s Not Looking Great

  • Support/Resistance: So, the $150 support is history. Next stop? The $142-$144 range. As for rallies? They’ll be capped around $157.25. Not looking too strong.
  • Volume Analysis: A record 2.49M volume during the breakdown (157
  • Chart Patterns: Surprise! The charts are clearly bearish, with lower highs and a terrifying downward momentum. Just when we thought we were safe.
  • Targets & Risk/Reward: If this trend continues, we’re eyeing the $142-$144 zone next. Longer-term? We could be looking at $135-$140. Buckle up, this could get bumpy.

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2025-11-14 00:33