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Solana’s recent price action has killed any immediate chance of a rally towards the $150 level, as SOL has sold sharply in line with the riskiest asset amid growing macroeconomic uncertainty.
The behavior of the holders indicates, despite this decline, that the conviction has not collapsed. SOL investors largely maintained their bullish sentiment, reflecting confidence beyond short-term price noise.
Solana sees relatively strong interest from investors
Solana Spot ETFs recorded $3.08 million in net inflows during a period of extreme market stress. These flows come in light of the decline in global stocks, and the crypto market as a whole losing more than $120 billion in total market value. This contrast highlights the ability of SOL to attract funds even under prudent conditions.
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The contrast with other crypto products is clearly visible. Bitcoin ETFs recorded net outflows of $483 million on Monday, as investors reduced risk, and most major assets followed the same outflow trend. However, Solana takes the opposite route, reinforcing a positive narrative that can support a price recovery.
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The series data tell the same story. The growth of new titles on Solana remains relatively stable Despite the negative mood in the markets. The network added about 8.6 million new addresses on Monday, followed by 8.4 million on Tuesday – a decrease of only 2.38%.
This degree of stability indicates that demand has not decreased significantly. The creation of new titles usually reflects actual use and growing interest rather than short-term speculation. Holding it during the decline indicates fundamental support that can help spur a recovery when conditions improve.
Will the price of SOL recover?
Solana is currently trading around $127 at the time of writing, down 12.8% on the week. The price defended the support area at $125, preventing a deeper drop. This area is currently a cheap plan, with buyers coming in to absorb the supply.
The relative strength remains Here, Solana Compared to other major currencies. ETF flows and stable network activity support a faster recovery. Restoring the $132 level as support opened the door for a push towards $136 and a partial correction of recent losses.
The outlook changes to bearish if the momentum stops. A clear break below the $125 level will invalidate the current support and change the mood for the worse. In this case, Solana can back down Towards $119, which extends the correction and disrupts the bullish scenario.
