Solana News: Solana Falls 5% to $145 as Breakdown Below $150 Support Overshadows Ongoing ETF Inflows

Key PointsSolana dropped from $153 to $145 in 24 hours, breaking below the key $150 support zone.Trading volume surged 13% above weekly averages during the decline.Spot Solana ETFs continued to record positive inflows despite weakness across broader crypto funds.Network activity has fallen sharply, with daily active addresses hitting a 12-month low.Solana slid 5.24% to $145.43 on Wednesday, extending a multi-day decline and decisively breaking below the widely watched $150 support level, according to CoinDesk Research’s technical model. The sell-off erased the prior week’s gains and triggered a wave of stop-loss orders as selling pressure intensified throughout the session.The token fell sharply from $153.03 to $145.31, with each hourly candle closing at new session lows on expanding volume. The final hour saw the heaviest downside movement, with SOL dropping from $148.61 to $145.29, confirming strong intraday bearish momentum.ETF Inflows Continue Despite Technical WeaknessThe market decline came in contrast to ongoing strength in Solana-based ETFs. Spot Solana funds recorded their 11th consecutive day of inflows, led by Bitwise’s BSOL ETF, which now holds $369 million in assets.However, underlying network activity has weakened materially.Daily active addresses fell to 3.3 million, the lowest level in 12 months.Activity is down sharply from the January peak of 9 million.The divergence between ETF inflows and declining on-chain participation created an overhang that ultimately favored the technical breakdown.Technical Overview: $150 Support Break Signals Deeper WeaknessSupport & Resistance Levels$150 support — broken decisively.Next support range: $142–$144.Overhead resistance now sits near $157.25, the prior swing high.Volume AnalysisBreakdown occurred on 2.49M in trading volume, roughly 157% above daily averages — a signature of institutional distribution.Market StructureLower highs from the $157.25 peak confirm a short-term bearish structure.Momentum continues to skew negative as sellers dominate intraday action.Current Technical ContextImmediate focus is on whether Solana can stabilize within the $142–$144 support band.Sustained pressure could expose the $135–$140 region, which served as consolidation earlier this quarter.