Solana News Update: Solana ETF Investments Face Off Against Negative Technical Signals at the $166 Turning Point
- Solana (SOL) faces mixed signals as ETF inflows wane despite short-term price rebounds, with $70M November inflows dropping to $6.78M by Nov 10. - Technical indicators show bearish bias: RSI near 40, MACD/AO below zero, and 50-day/100-day EMAs at $188-$190, suggesting $144 support risks. - Institutional confidence persists with $420M November inflows, but declining stablecoin liquidity (-8.16% to $13.8B) raises network depth concerns. - Ecosystem growth through DeFi and staking offsets bearish pressures,
Solana (SOL) has presented investors with a mix of results lately, as ongoing ETF investments and brief price rebounds have not been enough to drive the token to new record highs. Although institutional interest and technical signals indicate possible upward movement, persistent bearish trends and shrinking liquidity mean the journey to $220 is still highly uncertain.
ETF inflows for SOL, once a major source of optimism, are now showing signs of losing momentum. After reaching a high of $70 million in early November, net inflows fell sharply to $6.78 million by November 10, reflecting reduced enthusiasm from both retail and institutional investors, according to a Coinpedia analysis
Although Solana briefly bounced back to $163.45 from the $144 support level, its technical setup still leans bearish. The Relative Strength Index (RSI) is close to 40, and both the MACD and Awesome Oscillator (AO) remain in negative territory, signaling continued downward
Interest from both retail and institutional traders has picked up, with futures open interest (OI) climbing 2.73% to $7.64 billion and funding rates turning positive, as CoinCentral reports
Even with recent volatility, Solana’s ecosystem is still drawing institutional investment. More than $420 million in new institutional funds entered in early November, reflecting confidence in Solana’s Layer-1 technology and its growing DeFi sector, according to Coinpedia
The outlook for Solana depends on how these conflicting factors play out. While ETF inflows and ecosystem development point to underlying strength, falling liquidity and bearish technicals suggest a possible deeper pullback. Traders are watching the $165-$166 resistance closely, as well as whether institutional inflows can push the price above the 50-day EMA. For now, Solana is in a crucial consolidation period, and whether it breaks higher or lower will determine if 2025 brings a new record high or an extended downturn.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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