Yes

>>Solana could slip beneath $80 due to ETF withdrawals and negative derivatives signals.

Solana could slip beneath $80 due to ETF withdrawals and negative derivatives signals.

crypthub

about 14 hours ago

Market Turn

SOL has slid about 3% in the last 24 hours, trading near $82 after failing to break a key resistance. The broader crypto market turned bearish following a strong weekly start. This price drift reinforces a short‑term downtrend for Solana.

Institutional Flow

Spot SOL ETFs recorded a $1.92 million outflow on Wednesday, the largest single‑day withdrawal since launch. The previous day saw a $15.4 million pull‑out, indicating weakening institutional appetite. Continued outflows could push SOL toward the $78 support zone.

Derivatives Sentiment

CoinGlass shows a long‑to‑short ratio of 0.96, below one, reflecting bearish positioning. Funding rates turned negative at –0.0003 %, meaning shorts are paying longs. These metrics suggest further downside pressure.

Technical Outlook

The 4‑hour chart has broken below the 50‑day EMA, with RSI hovering around 53 and MACD only mildly positive. Immediate resistance lies near $86.7 and $88.1, while the first major support is $77.1; a break could target $67.5. A sustained decline may see SOL dip below $80 if bearish momentum holds.