Solana’s price dropped below the important $150 support level this week, signaling that sellers still control the market and may push the token toward the $130 zone. The move added fresh pressure to an already fragile setup, even as institutional interest showed mixed signals.
Market Breakdown and Key Technical Signals
SOL fell about 5 percent on Thursday after losing its hold on the $150 region. It traded between $144 and $148 as sellers strengthened their grip. Chart analysts noted that the decline leaves room for a retest of the $130 support area unless buyers step in quickly.
Several technical factors highlight the bearish tone:
- A descending trendline from September continues to cap upside attempts.
- The 100-hour moving average flipped into resistance.
- Momentum indicators such as MACD and RSI point to weakening strength.
- Centralized exchanges reported higher SOL inflows, hinting at growing sell-side pressure.
- Derivatives platforms saw net outflows, signaling a drop in bullish conviction.
Institutional Flows Offer a Mixed Picture
Although technical indicators lean bearish, institutional demand has not vanished. Newly launched spot SOL ETFs saw meaningful inflows, including one day with roughly $29 million in fresh capital. Those inflows pushed total assets under management to about $323 million. However, analysts warned that ETF demand alone may not be strong enough yet to undo the technical damage or reclaim lost support.
What’s Next for SOL?
SOL has wrestled with the $150 level for months. It once acted as a foundation but recently turned into a pivot zone that often flips between support and resistance. Broader crypto-market softness and uncertainty around liquidity and regulation have also weighed on altcoins, creating added challenges.
Looking ahead, traders are focusing on three main zones:
- Support: $140–$145
- Pivot/Resistance: $150–$155
- Bounce Watch Zone: $155–$160
If SOL cannot recover above $150–$153 soon, a slide toward $130 becomes increasingly likely. A convincing move above $155–$160, however, could shift momentum and rebuild a path toward $175–$200. For now, the risk appears tilted to the downside unless sentiment improves and institutional flows strengthen.
