Solana prices remain near $120, and ETF inflows plunged 99%
On Monday, after four consecutive trading days of gains, Solana (SOL) prices hovered around $120, facing pressure from a sharp contraction in demand for exchange-traded funds (ETFs). As the cryptocurrency behind the Solana blockchain known for its high-speed decentralized applications and low transaction costs, SOL remains above the key moving average despite the slowdown in investor capital flows, maintaining a moderately bullish chart structure.
ETF inflows fall sharply
CoinGlass data showed that Solana-centered exchange-traded funds attracted a net inflow of US$2.43 million last week, a sharp drop from US$188.22 million the previous week. The drop, as high as 98.7%, marks a significant pause in new fund allocations, although the record of positive weekly inflows has been extended to week 14.
The decrease in investment in new ETFs does not reflect overall divestments, but rather indicates a significant decrease in new capital entering these funds. Investors are watching closely whether the slowdown is temporary or signals a long-term cooling in demand for the Solana ETF.
Despite the slowdown, new ETF investment remains positive, only at a significantly lower level than the previous week's surge. It is worth noting that ETF activity reflects only one segment of SOL investment. Other channels-including centralized and decentralized exchanges-play an important role in overall transaction volume.
Strong Internet activity supported price movements
Solana's Internet activity remained strong despite weakening ETF demand. According to data released by SolanaFloor, the volume of decentralized exchange (DEX) transactions on the Solana network on Sunday exceeded the volume of transactions on the Ethereum main network, Ethereum Layer-2 solution and Hyperliquid combined. This comparison highlights the significant engagement and appeal of users in the ecosystem.
SolanaFloor also reported that the volume of tokenized stock transactions on the Solana blockchain exceeded US$4.4 billion, reflecting the rapid growth of access to traditional assets through blockchain. However, the specific time frame for this data is not disclosed and should not be misinterpreted as an indicator of daily activity. Although the single-day lead in DEX trading volume is noteworthy, it does not necessarily represent a lasting trend.
Noun explanation: SolanaFloor is an analytics platform that focuses on tracking metrics related to the Solana blockchain, focusing on decentralized finance (DeFi), non-homogeneous tokens (NFT) and network statistics.
Overall, decentralized trading volume and tokenized equity trading volume indicate that ecosystem users are still active, which partly buffers the impact of reduced ETF inflows on the broader market.
Technical structure: triangular shape guides the prospects
四小时图和日线图的技术分析显示,SOL交易在其50期、100期和200期指数移动平均线(EMA)之上,分别位于约119.24美元、116.43美元和110.44美元附近。当前的价格走势被限制在一个对称三角形形态内,支撑位约为119.16美元,阻力位在123美元。
动量指标仍 moderately 积极,相对强弱指数(RSI)位于54附近,平滑异同移动平均线(MACD)指标略呈正值。这种格局支持短期温和看涨倾向,而非预示强劲反弹。
关键阻力位确定为123美元和9月高点124.95美元,而斐波那契预测表明,若发生突破,潜在短期目标为132.87美元。
如果多头能够成功将SOL推升过阻力位并维持涨势,技术前景可能会加强。相反,118.71美元至119.25美元区间的即时支撑与移动平均线集群及趋势线支撑重合。如果价格跌破该区域,空头可能会瞄准100期EMA处的116.43美元,随后是200期EMA处的110.44美元。
虽然Solana保留了温和看涨的技术特征,但其下一次重大走势将取决于买方能否维持支撑并在关键突破区域上方吸引 renewed demand( renewed demand 译为“ renewed demand”或“ renewed interest”,此处意译为“重新激发需求”)。

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