Solana News: Solana Price Drops to 5-Month Low as ETF Inflows Slow; Analysts Warn of Potential Fall to $100

Solana’s price extended its sharp decline this week, hitting a five-month low even as spot Solana exchange-traded funds (ETFs) continue to attract steady inflows. Analysts warn that a drop toward the $100 level is becoming increasingly likely after SOL lost multiple key support zones.SOL ETFs Extend Inflows but Momentum WeakensSpot Solana (SOL) ETFs recorded their thirteenth consecutive day of inflows on Thursday, highlighting continued institutional demand for the network’s native token.According to SoSoValue, Solana ETFs added $1.49 million during the session, bringing cumulative inflows to $370 million and total assets above $533 million.The Bitwise Solana ETF (BSOL) was the only product to record inflows on the day, marking the weakest session for Solana ETFs since launching on Oct. 28.The softening momentum reflected broader market stress. Spot Bitcoin ETFs saw $866 million in outflows on Thursday — the second-worst day since launch — while spot Ether ETFs recorded $259.2 million in outflows, reducing cumulative inflows to $13.3 billion.SOL Price Breaks Multi-Year UptrendDespite the persistent ETF demand, Solana’s price action deteriorated rapidly. SOL has dropped more than 34% over the past two weeks, falling to $142 on Friday, its lowest level since June 23.The decline pushed Solana below its 100-week simple moving average (SMA) and broke the multi-year uptrend that began in January 2023. Analysts now view the $95 region — the yearly low — as the next major support.Glassnode data shows the network’s daily order block around $140 offers limited protection. The UTXO realized price distribution (URPD) indicates weak buyer clustering below this level, suggesting few holders are defending the range.If SOL loses the $140 zone decisively, traders expect a move toward the 200-week SMA near $100, widely considered the “last line of defense.”Momentum Indicators Signal Further WeaknessSolana’s relative strength index (RSI) has fallen to its lowest reading since April 2025, reinforcing the bearish trend.As previously reported, a clean break below $150 opened downside targets at $126 and then $100.With ETF inflows slowing, macro pressure rising and key technical supports failing, analysts warn that Solana may face additional selling before a sustainable recovery can form.