Solana’s market performance shifted this week as inflows into spot Solana ETFs continued for a thirteenth straight day, yet momentum weakened across the broader digital asset landscape. The trend showed firm investor interest in the asset, but the softer pace signaled growing caution.
ETF desks added $1.49 million on Thursday, lifting cumulative inflows to $370 million. Total assets under management now stand above $533 million.
However, the session marked the lightest inflow day since the product series launched in late October. This slowdown emerged as Bitcoin and Ethereum ETFs posted significant outflows, revealing pressure across the wider market. Bitcoin funds lost $866 million, while Ethereum products shed $259.2 million.
Market Conditions Shift as Technical Structures Tighten
Solana traded near $141 as of press time after recovering modestly over the last 24 hours. The asset still shows an 11% weekly decline, reflecting persistent selling from earlier sessions.
Besides that weakness, analysts pointed to critical chart developments suggesting that price action remains at a decisive point. Thescalpingpro, an analyst, noted that Solana’s BTC pair continues to defend a major long-term demand area near 0.00143 BTC.
This zone supported recoveries in earlier cycles and created a foundation for strong upside phases. The pair trades in a range that extends toward resistance near 0.00286 BTC, offering a sizable upside window if demand strengthens.
Source: X
However, the SOL/USDT monthly structure presents a different picture. A clear Head and Shoulders pattern has developed, with a neckline positioned around $119 to $120. Analysts described this area as a pressure point because a monthly close beneath it confirms a larger corrective phase.
The left shoulder formed during rejection from the mid-$200 range, while repeated failures to reclaim the same zone shaped the right shoulder. Consequently, the structure leaves Solana in a vulnerable position unless buyers regain strength above $160.
Analysts Watch the $126 Level
Ruz noted that Solana appears on track to revisit $126. The chart shows a breakdown from recent consolidation, with heavy selling pushing price toward the demand zone between $137 and $126.
Additionally, a recovery remains unlikely unless buyers reclaim levels above $160. Hence, traders continue monitoring the support region that previously triggered strong rebounds, as price now approaches this area once again.
