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Solana price continued its downward trend this week, dropping to $142 on Friday despite strong institutional interest in newly launched spot ETFs. The token reached its lowest level since June 23, down 34% over a two-week period.

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Solana (SOL) Price

Spot Solana ETFs recorded their thirteenth straight day of inflows on Thursday. The funds added $1.49 million that day, bringing total cumulative inflows to $370 million since launch. Total assets under management now exceed $533 million.

The Bitwise Solana ETF was the only fund recording inflows on Thursday. This marked the weakest day for Solana ETF inflows since the products launched on October 28. Four Solana ETFs currently trade in the market, with approximately ten more awaiting regulatory approval.

On November 14, Bitcoin spot ETFs recorded $492 million in net outflows, marking the third consecutive day of redemptions, while Ethereum spot ETFs saw $178 million in net outflows for a fourth straight day. Solana spot ETFs posted $12.04 million in net inflows. XRPC saw no net… pic.twitter.com/D7PSzYQmfu

— Wu Blockchain (@WuBlockchain) November 15, 2025

The declining ETF inflows reflected broader market weakness. Bitcoin ETFs recorded $866 million in net outflows on the same day, marking the second-worst day since their launch. Ethereum ETFs also posted $259.2 million in outflows.

VanEck moved closer to launching its own Solana ETF this week. The firm submitted an 8-A form to the SEC following its S-1 filing from late October. The paperwork suggests the fund launch may be approaching.

Technical Breakdown Signals Deeper Correction

SOL broke below its 100-week simple moving average last week. The token also fell through a multi-year uptrend line that had held since January 2023. The yearly low sits at $95.

Solana currently tests a daily order block around $140. Data from Glassnode shows limited support at this level. The UTXO realized price distribution metric reveals few holders bought their coins near current prices.

This means fewer traders are likely to defend the price at $140. The next major support level sits at the 200-week moving average around $100. This represents a potential 29% drop from current levels.

The relative strength index hit its lowest reading since April 2025. This technical indicator measures momentum and suggests selling pressure remains strong.

On-chain analysis from Ali Martinez shows support weakens sharply below $144. His data reveals heavy realized volume between $150 and $180. The analysis identifies a final support pocket at $144.54 before a potential drop to much lower levels.

On-chain data shows that below $144, support for Solana $SOL drops off fast! There’s barely any meaningful demand until $24. pic.twitter.com/0jcmxMmbaw

— Ali (@ali_charts) November 14, 2025

Five-Year Trendline Under Pressure

Cryptorphic highlighted a five-year trendline now facing direct pressure. The price hovered near $142 and approached a stronger support band between $125 and $135. This zone has anchored Solana’s recovery structure since 2020.

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Source: TradingView

A rebound from the $125-$135 area could push price toward $196 and $249. However, a weekly close below $135 may expose deeper weakness. Some analysts point to $93 as a possible downside target if the current support fails.

Grayscale’s GSOL ETP recorded heavy trading volume despite losing roughly 30% over the past month. The product continues to attract attention even as price pressure mounts.

The first week of Solana ETF trading brought nearly $200 million in inflows. The pace has slowed in recent sessions but remains positive. All four active funds have avoided recording a single day of net redemptions since launch.

Solana traded at $138.50 at press time after an 11% daily decline. The token faces a critical test at current levels as both technical and on-chain indicators point to limited support below $140.

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