Solana price dips below $100 but institutional ETF inflows and strong network metrics suggest a potential short-term recovery.
Macro & Markets ·
Solana has retreated below $96 following regulatory setbacks, yet technical and market structure indicators suggest the decline may be temporary. The asset previously traded around $101 and faces a significant support zone where 72 million SOL changed hands historically. US spot SOL ETFs have logged nine consecutive weeks of net inflows, accumulating over $200 million in the past month, while exchange supply has contracted by more than 3 million tokens—a pattern typically associated with accumulation.
Network fundamentals remain elevated alongside institutional activity. Solana is adding approximately 10.8 million new addresses daily, and total value locked climbed more than 18% to reach $5.7 billion. On-chain behavior extends to tokenized equities, where activity has accelerated after traditional market hours, and corporate treasuries including DeFi Development Corp. have resumed building positions in the asset.
Resistance dynamics will likely determine near-term direction. A move back above $100 would ease selling pressure, with $102.5 standing as the next meaningful target; conversely, a break below $95 could expose support near $93–$94. Upcoming Federal Reserve decisions may introduce volatility into price action across markets.