Solana ETFs Record First Outflows In 4 Weeks As Price Falls to $130
BeInCrypto
Solana ETFs experienced their first net outflows in four weeks as the SOL price dropped to $130 following a failed recovery attempt.Summary
Solana (SOL) has seen a reversal in investor confidence, marked by Solana-focused spot ETFs recording their first net outflows in a month, ending a four-week streak of inflows. This shift coincides with SOL failing to sustain an attempted rally and falling to around $130, breaking down from an ascending wedge pattern that projected a drop toward $128. On-chain metrics support the cautious outlook, as Net Realized Profit/Loss data shows four consecutive days of net losses for investors, indicating growing stress and willingness to sell. The current technical setup suggests SOL is vulnerable to further weakness toward $128, though outflows stabilizing could allow a reclaim of $136 support.
(Source：BeInCrypto)