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

Solana's price fell 5.24% to $145.43, breaking below the $150 support level, as trading volume surged 13.23% above weekly averages. This decline occurred despite sustained institutional inflows into Solana ETFs, particularly driven by Bitwise's BSOL, which reached $369 million in total assets. On a technical level, the price dropped dramatically from $153.03 to $145.31 during the session, exacerbated by stop-loss orders and a change in market confidence as bearish sentiment took hold. Daily active addresses declined to 3.3 million, a 12-month low, indicating waning network activity. Key technical levels suggest further weakness, with potential targets at the $142-$144 support zone. The report concludes with observations about the disparity between ETF inflows and network health, highlighting the challenges facing Solana amidst shifting market dynamics.

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