According to The Coin Republic, Solana (SOL) fell 15% this week despite recording $29.2 million in 24-hour inflows for its ETF, bringing total inflows to $323 million. The price slipped below the 23.6% Fibonacci retracement level at $165.65 and is now testing support near $155. Analysts noted that while Bitcoin and Ethereum ETFs saw outflows of $1.1 billion and $465 million respectively, Solana’s ETFs continued to attract consistent demand. The RSI shows early signs of bullish divergence, and a double-bottom pattern between $146 and $150 suggests weakening bearish momentum. A break above $170 could trigger a potential upward move.
SOL Price Drops 15% Despite $323M in Solana ETF Inflows
The Coin RepublicShare
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