Overview
- SOL fell through its recent $170s floor to a local low near $165 and last traded around $167, extending its weekly decline to about 17%.
- Newly launched products attracted sizable capital, with Bitwise’s SOL staked ETF taking in about $400 million in its first four days and overall Solana ETF assets reported above $500 million alongside roughly $199 million in weekly inflows.
- Momentum has cooled, with RSI slipping below neutral and the MACD turning negative as trading volumes decline, reinforcing a bearish-to-neutral near-term setup.
- Analysts flag $158 as the next key area to test after the $173–$175 band gave way, while a sustained move back above the $190–$200 zone is viewed as the trigger to restore bullish momentum.
- Market watchers cite broader risk-off sentiment and policy uncertainty, including skepticism around recent tariff signals from President Trump, as headwinds despite constructive longer-term fundamentals.