Will the price of SOL fall to 100 dollars after hitting a 5-month low?

The Solana ETF (SOL) spot fund continues to attract strong interest from institutional investors, recording a 13-day consecutive inflow – a clear testament to the appeal of the underlying asset on the Solana network.

According to data from SoSoValue, on Thursday alone, Solana ETF funds attracted an additional $1.49 million, bringing the total accumulated capital to $370 million and the total assets under management to over $533 million. Notably, Bitwise Solana ETF (BSOL) is the only fund that recorded inflows on that day, also marking the lowest level since its launch on October 28.

Capital flow into Solana ETF. Source: SoSoValueHowever, the decline in capital flow into SOL ETF reflects the pessimistic sentiment prevailing in the cryptocurrency market. On the same day, spot Bitcoin ETFs recorded net outflows of up to 866 million USD – the second-highest level since these funds were launched. Spot Ether ETFs also faced similar pressure, with total outflows reaching 259.2 million USD, pulling total accumulated capital down to 13.3 billion USD. Specifically, on Thursday, these funds withdrew 183.7 million USD, and 107.1 million USD on the previous Wednesday.

Although the demand for Solana ETF remains stable, this buying power is not strong enough to maintain the price of SOL above important support levels, amidst technical signals indicating the possibility of a deeper correction.

SOL price breaks through important support levels

Along with the decline of ETF capital inflows, the price of SOL has shown a significant negative change over the past week, losing more than 34% of its value in just two weeks, dropping to 142 USD on Friday – the lowest level since June 23. This correction has caused SOL to lose the 100-week moving average (SMA), while also breaking the long-term upward trend that began in January 2023, with the 95 USD mark now being the year's low.

According to data from Glassnode, Solana is currently testing the daily order block around the 140 USD threshold – an area assessed to have quite limited support.

The actual price distribution index UTXO (URPD) from Glassnode – reflecting the average price at which SOL investors have purchased – shows very little buying concentration below the 140 USD zone. This means that only a few investors are making efforts to defend the price here.

Actual price distribution UTXO (URPD) SOL | Source: GlassnodeIf SOL continues to break this level, the price could drop significantly to the 200-week SMA at the 100 USD mark – considered the last line of defense for SOL's price.

One-day chart of Solana | Source: TradingViewThe downward pressure on Solana is further reinforced by the weakening of the Relative Strength Index (RSI), which has reached its lowest level since April 2025.

According to Coinphoton, if the price of SOL breaks below the 150 USD mark, the SOL/USDT pair could continue to plunge to 126 USD, before finding strong support at 100 USD.

Mr. Teacher