Solana (SOL) went back below the $100 price range for the first time since 2024, raising eyebrows as ‘extreme fear’ sentiment hits the markets. When large-scale institutions start to trim their digital asset reserves, a mild panic in retail tends to follow.
Solana ETF Hit With $6.7 Million Outflows Below $95
This time, Solana’s live exchange-traded funds (ETFs) felt the heat – over $6.7 million were pulled out of all Solana ETFs yesterday, marking the second worst-performing trading day this year. So far, January 30, 2026 was the most turbulent day, marked with $11.24 million in sell-offs.
Cumulatively, all 8 Solana ETFs have pulled in $871 million inflows since the debut trading day. While this figure falls short behind Ripple’s (XRP) $1.21 billion, both of these major-caps saw public recognition from Wall Street & are poised to reap the benefits of regulatory clarity.
Bearish Solana Price Setup Maps Out Next Targets
From a technical outlook, Solana (SOL) has established a bearish Head ‘n’ Shoulders pattern. In this case, the head depicts Solana’s cycle tops, while the right should promise a drastic downturn unless the neckline holds. On the monthly Solana price charts, veteran trader Nebraska Gooner highlights the $124 price level as the neck-line.
However, on a weekly basis this neckline area falls to roughly $95, so not restoring this price area would likely push the popular Layer-1 altcoin towards the next major demand territory at $70. In case of a successful $95 neckline reclaim, Solana’s (SOL) price would see the next key obstacle at $115, as it falls within the 0.618 Fibonacci Retracement.
Right now, Solana’s (SOL) price hovers just above $88, dumping 7% on Thursday afternoon after Bitcoin (BTC) briefly fell through the $70,000 support levels. On Futures markets, SOL bears have been dominating like the game is rigged – long SOL price positions accounted for $63.82 million out of $71.25 million in 24-hour liquidations.
The amount of excessively-leveraged plays on Solana’s (SOL) price shows that crypto bulls have miscalculated the rebound chances & didn’t expect the Head ‘n’ Shoulders neckline to break on multiple time-frames. On the other hand, the OI-weighted funding rate flipped back to positive, indicating a time-out in short-selling activities.
On The Flipside
- Solana’s (SOL) exposure to the ETF markets is arguably larger than XRP’s, accounting for 1.49% of all token supply in comparison to Ripple’s 1.1%.
Stay in the loop with DailyCoin’s top crypto scoops:
Shiba Inu Hits Rock Bottom: Price Reversal Or Capitulation?
ZAMA Rebounds Over 19% After Post-Launch Correction
People Also Ask:
Monthly neckline sits at $124.44—SOL’s already below it, validating the pattern. Weekly neckline at $95—holding here is critical.
Failed to hold January highs (~$135–$146) amid broader market weakness (BTC dip, ETF sell-offs & general risk-off flows).
Full H&S confirmation targets a measured move down 50–70% from neckline—potentially $40–$60 or lower.
SOL’s seen similar H&S breakdowns in 2022–2023 (post-FTX crash), leading to multi-month lows.
If $95 holds as support with volume rebound, it could invalidate the pattern and spark a bounce back to $124+ neckline.
