Solana Slides 5% to $145 as Technical Breakdown Overshadows ETF Momentum

Overview

Solana experienced a decline of 5%, dropping to $145 as it broke through a significant support level. This movement occurred despite a backdrop of increased trading volume and ongoing institutional investments in spot exchange-traded funds (ETFs).

What Happened

The decline in Solana’s value is attributed to a technical breakdown that led to a breach of key support levels. Such technical movements are critical as they can influence trader sentiment and market behavior. The decline occurred even as trading volume remained elevated, suggesting that market activity was robust despite the price drop. Additionally, institutional inflows into spot ETFs continued, indicating that larger investors are still actively engaging with the market.

Impact on the crypto market

• The breakdown in Solana’s price may lead to increased volatility in the cryptocurrency market.
• Elevated trading volume suggests that traders are actively responding to market conditions.
• Continued institutional interest in spot ETFs may provide a counterbalance to the negative sentiment surrounding Solana.
• The situation highlights the importance of technical analysis in understanding price movements within the crypto market.
• The incident could influence trader strategies and sentiment toward other cryptocurrencies.

Updated: 11/13/2025, 9:22:23 PM