Overview
- Solana, which fell below $90 on Friday, traded around $88 after buyers failed to clear resistance near $93.
- Chart signals turned negative with the price under the 100‑hour average and a trend line at $88, and traders are watching support at $85, $82, and $80 with risk toward $74 if $80 breaks.
- Futures data showed stress as CoinGlass reported $2.13 billion in outflows versus $2.02 billion in inflows, a net outflow of $103 million, open interest near $5 billion, and more than $8 million in liquidations led by long positions.
- Spot demand offered a cushion as U.S. Solana ETFs logged about $4.5 million in net inflows, and separate spot flow data pointed to dip buying during the slide.
- Analysts flagged a bearish flag pattern and weak momentum, with some projecting downside toward $75 or, in more severe scenarios, $57 or even the $40–$45 range if a breakdown confirms.