Overview
- After bulls failed to sustain gains above $90, SOL slid to a low of $80.29 and now trades below $85 and the 100‑hour simple moving average.
- Near‑term resistance sits at the $85.50 trend line with further barriers at $87.20 and $88.80, while a break above could target $95 then $102 and a breakdown below $80 would point to $72 then $65.
- U.S. spot Solana ETFs hold roughly $800 million with cumulative inflows near $957 million, but a $24 million weekly net inflow ended with $5.23 million and $8.23 million outflows on Thursday and Friday.
- Derivatives positioning shows open interest around $5.01 billion and $19.79 million in 24‑hour liquidations, including about $15.52 million from long positions as funding moved closer to neutral.
- On‑chain data shows Solana surpassing Ethereum by wallet count holding tokenized real‑world assets (154,942 vs 153,592), while Ethereum still leads in value locked at $15.5 billion versus Solana’s $1.8 billion.