Solana Price Analysis: Slides 5% to $145 as Technical Breakdown Overshadows ETF Momentum

Solana (SOL) experienced a notable decline, dropping 5.24% to $145.43 as it broke through significant support levels. This decrease followed a surge in trading volume, which rose 13% above weekly averages, suggesting heavy institutional selling. Despite continued positive inflows into spot Solana ETFs, with assets reaching $369 million, the network's active addresses plummeted to a one-year low of 3.3 million, indicating waning user engagement. Following a sharp drop from $153.03, the price decline escalated during the last hour of trading. Analysts predict further weakness for SOL, citing critical support levels now positioned in the $142-$144 range. The token's recent performance, characterized by lower highs and increasing bearish momentum, signals potential targets around $135-$140 if current selling trends persist.

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