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One U.S. SOL Spot ETF Records Single-Day Net Inflow of $478,900
Only one U.S. SOL Spot ETF recorded a single-day net inflow yesterday. According to Odaily, SoSoValue data showed that on February 11, only the Invesco Galaxy Solana ETF (QSOL) saw a net inflow. The SOL spot ETF recorded a single-day total net inflow of $478,900, bringing its historical total net inflow to $894,900. All other SOL ETFs saw no inflows.
“Solana’s head-and-shoulders pattern targets a SOL price of $50 or lower.” Analysts highlight a classic bearish chart pattern suggesting further downside. MVRV bands offer historically significant support at $75, a level to monitor.
Cointelegraph
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Is Solana headed to $50? These three charts show a textbook bear pattern
Solana’s SOL (SOL) has dropped 38% over the last 30 days, falling to a two-year low of $67 on Friday. Multiple analysts believe that the downside is not over for the seventh-placed cryptocurrency, with downward targets extending as low as $30.
Key takeaways:
Solana’s head-and-shoulders pattern targets a SOL price of $50 or lower.
MVRV bands point to a potential bottom, but support at $75 must hold.
SOL/USD weekly chart. Source: Coitelegraph/TradingView
Solana targets $42 after bearish confirmation
SOL price has already lost over 72% of its value since a cycle top of around $295 in January 2025. In doing so, its price confirmed a head-and-shoulders (H&S) pattern on multiple time frames.
Related: Pump.fun moves deeper into trading infrastructure with Vyper acquisition
Crypto analyst Bitcoinsensus shared a chart showing SOL validating a H&S pattern, hinting at more downside ahead.
“Solana has confirmed a breakdown from this macro Head & Shoulders pattern,” Bitcoinsensus said in a Monday post on X, adding:
“The target could be as low as $50 per $SOL.”
SOL/USD weekly chart. Source: X/Bitcoinsensus
“This is a classic head and shoulders pattern with a measured move to $45,” analyst Nextiscrypto said about SOL’s two-week chart. But other analysts said the price can go even lower.
Pseudonymous analyst “Shitpoastin” said Solana’s price has also formed a “massive head and shoulders” pattern on the monthly chart over two years, “with nothing but air until $30.”
Source: X/Shitpoastin
The two-day candle chart, meanwhile, shows that SOL price had broken below the H&S neckline at $120 on Jan. 30.
SOL/USD two-day chart. Source: Cointelegraph/TradingView
The measured target of the H&S pattern, calculated by adding the head’s height from the breakdown point, is $57, representing a 32% drop from the current level.
Solana’s MVRV bands give hope for a bottom at $75
SOL’s price crash last week was stopped by support from the lowest boundary of its MVRV extreme deviation pricing bands, currently at $75.
These bands show when SOL is below or above the average price at which traders last moved their coins.
Solana MVRV extreme deviation pricing bands. Source: Glassnode
Historically, SOL prices drop to near or even below the lowest MVRV band before a bottom is reached.
That includes the March 2022 bounce, when the SOL price rose 87% within three weeks to $140 after testing the lowest MVRV deviation band around $75. A similar rebound occurred earlier in December 2020.
Solana’s association with the FTX crash in November 2022, however, saw a significant deviation below this band, with the price dropping another 70% and bottoming around $7 in December that year.
Therefore, SOL’s drop below $75 spark the next phase of the correction as seen in 2022, likely aligning with the H&S target.
Key takeaways:
Solana’s head-and-shoulders pattern targets a SOL price of $50 or lower.
MVRV bands point to a potential bottom, but support at $75 must hold.
SOL/USD weekly chart. Source: Coitelegraph/TradingView
Solana targets $42 after bearish confirmation
SOL price has already lost over 72% of its value since a cycle top of around $295 in January 2025. In doing so, its price confirmed a head-and-shoulders (H&S) pattern on multiple time frames.
Related: Pump.fun moves deeper into trading infrastructure with Vyper acquisition
Crypto analyst Bitcoinsensus shared a chart showing SOL validating a H&S pattern, hinting at more downside ahead.
“Solana has confirmed a breakdown from this macro Head & Shoulders pattern,” Bitcoinsensus said in a Monday post on X, adding:
“The target could be as low as $50 per $SOL.”
SOL/USD weekly chart. Source: X/Bitcoinsensus
“This is a classic head and shoulders pattern with a measured move to $45,” analyst Nextiscrypto said about SOL’s two-week chart. But other analysts said the price can go even lower.
Pseudonymous analyst “Shitpoastin” said Solana’s price has also formed a “massive head and shoulders” pattern on the monthly chart over two years, “with nothing but air until $30.”
Source: X/Shitpoastin
The two-day candle chart, meanwhile, shows that SOL price had broken below the H&S neckline at $120 on Jan. 30.
SOL/USD two-day chart. Source: Cointelegraph/TradingView
The measured target of the H&S pattern, calculated by adding the head’s height from the breakdown point, is $57, representing a 32% drop from the current level.
Solana’s MVRV bands give hope for a bottom at $75
SOL’s price crash last week was stopped by support from the lowest boundary of its MVRV extreme deviation pricing bands, currently at $75.
These bands show when SOL is below or above the average price at which traders last moved their coins.
Solana MVRV extreme deviation pricing bands. Source: Glassnode
Historically, SOL prices drop to near or even below the lowest MVRV band before a bottom is reached.
That includes the March 2022 bounce, when the SOL price rose 87% within three weeks to $140 after testing the lowest MVRV deviation band around $75. A similar rebound occurred earlier in December 2020.
Solana’s association with the FTX crash in November 2022, however, saw a significant deviation below this band, with the price dropping another 70% and bottoming around $7 in December that year.
Therefore, SOL’s drop below $75 spark the next phase of the correction as seen in 2022, likely aligning with the H&S target.
Solana Faces Potential Drop Below $50 Amid Bearish Pattern
Analysts have raised concerns that Solana (SOL) might fall below the $50 mark following the confirmation of a head and shoulders bearish pattern on its charts. According to NS3.AI, SOL has experienced a decline of over 72% from its peak in January 2022. The monthly chart reveals signs of a prolonged downtrend, suggesting the possibility of reaching even lower levels, potentially near $30. The absence of robust support levels further complicates the outlook, indicating a potential for more significant declines.
Forward Industries Holds Largest Public Solana Treasury Amid Market Strain
Forward Industries, a company focused on Solana, has reported that it holds the largest public Solana treasury and is currently free of debt. According to NS3.AI, the company's Chief Investment Officer (CIO) has expressed confidence in their strategic position, indicating that they are well-prepared to adopt an aggressive approach in consolidating competitors. This strategy emerges as the Solana sector experiences pressure, presenting an opportunity for Forward Industries to leverage market vulnerabilities.
Solana Sees 12% Intraday Bounce Amid Dip Buying, Faces Challenges Ahead
Solana's price experienced a significant 12% intraday increase, driven by aggressive dip buying. According to NS3.AI, this comes despite recent losses in the cryptocurrency's value. However, on-chain data reveals a slowdown in the accumulation by long-term holders, which could impede a sustained recovery. While momentum indicators suggest that selling pressure might be overextended, the inability to reclaim the $100 mark could result in Solana remaining range-bound or potentially declining further.
SOLANA Sees Largest Buying Volume in Over a Year
Scott Melker, host of The Wolf Of All Streets Podcast, posted on X that SOLANA's buying volume today matches all of yesterday's selling volume, with 8 hours remaining. This marks the largest volume in over a year, indicating a bullish trend.
Solana Surges 15% Amid Speculative Buying, Faces Key Resistance
Solana (SOL) experienced a 15% increase in value after previously dropping 30% to $67 due to a breakdown from its descending channel. According to NS3.AI, the recent rebound is primarily fueled by speculative short-term buyers, while long-term holders are reducing their positions. For Solana to achieve a sustainable recovery, it must reclaim the key resistance level at $93. Failure to do so could result in another decline towards $59.
DB Financial Investment Partners with Solana Foundation for Security Token Market
DB Financial Investment has entered into a memorandum of understanding with the Solana Foundation to create a digital capital market centered on security tokens. According to NS3.AI, this partnership aims to source assets for security token offerings (STOs) both in South Korea and globally, while also managing financial structuring. Additionally, the collaboration will explore frameworks for issuing and distributing STOs on the Solana blockchain.
Solana Spot ETFs See Significant Inflows on February 5
Solana spot ETFs experienced substantial net inflows totaling $2.82 million on February 5, according to Foresight News. The Fidelity SOL ETF FSOL led the inflows with $1.86 million, bringing its historical total to $158 million. The Bitwise SOL ETF BSOL followed with $1.48 million in daily inflows, accumulating a historical total of $682 million.
As of the latest report, the total net asset value of Solana spot ETFs stands at $675 million, with a Solana net asset ratio of 1.51%. The historical cumulative net inflow has reached $874 million.
As of the latest report, the total net asset value of Solana spot ETFs stands at $675 million, with a Solana net asset ratio of 1.51%. The historical cumulative net inflow has reached $874 million.
Large SOL Transfers Recorded from Anonymous Addresses
At approximately 11:00, a significant transfer of SOL tokens was recorded, involving an anonymous address beginning with 9PYnNC8u. According to ChainCatcher, the address received a total of 616,011.3 SOL from various anonymous sources.
The first transaction occurred at 11:00, with 408,931.5 SOL transferred from an address starting with 2haXsoz. Another transfer at the same time involved 44,055.8 SOL from an address beginning with CWqyvWay. At 11:01, 44,056.3 SOL were sent from an address starting with 8pZQF86B.
Subsequent transactions took place at 11:02, with 44,055.7 SOL transferred from an address beginning with BipRnvES, followed by 44,056 SOL from an address starting with GPK2iW19. These transactions highlight the movement of substantial amounts of SOL between anonymous addresses.
The first transaction occurred at 11:00, with 408,931.5 SOL transferred from an address starting with 2haXsoz. Another transfer at the same time involved 44,055.8 SOL from an address beginning with CWqyvWay. At 11:01, 44,056.3 SOL were sent from an address starting with 8pZQF86B.
Subsequent transactions took place at 11:02, with 44,055.7 SOL transferred from an address beginning with BipRnvES, followed by 44,056 SOL from an address starting with GPK2iW19. These transactions highlight the movement of substantial amounts of SOL between anonymous addresses.
SOL Surpasses 80 USDT Amid Daily Gains
SOL has exceeded the 80 USDT mark, currently trading at 80.12 USDT. According to Foresight News, this represents a daily increase of 2.25%.
SOL Experiences Significant Drop Below 80 USDT
SOL has fallen below the 80 USDT mark, currently trading at 79.90 USDT. According to Foresight News, the cryptocurrency has experienced a daily decline of 13.27%.
Solana Foundation President Advocates for Financial Focus Amid Crypto Declines
Anatoly Yakovenko Liu, president of the Solana Foundation, has called on the cryptocurrency industry to concentrate on financial applications as the sector experiences notable price declines. According to NS3.AI, this appeal aligns with a broader trend among blockchain leaders who are increasingly focusing on practical blockchain utilities. The shift indicates a strategic response to the current market downturn and diminishing speculative narratives.
Institutional Liquidity Facility Launched for Tokenized Assets on Solana
Multiliquid and Metalayer Ventures have introduced a new institutional liquidity facility designed to enable instant redemptions for tokenized real-world assets (RWAs) on the Solana blockchain. According to Cointelegraph, this facility allows holders of tokenized assets to swiftly convert their positions into stablecoins. Metalayer Ventures is responsible for raising and managing the vehicle, while Uniform Labs, the developer behind the Multiliquid protocol, provides infrastructure and market support.
Will Beeson, founder and CEO of Uniform Labs, highlighted the significance of this development, stating that while traditional finance has established markets for repo, prime brokerage, and overnight lending, tokenized markets have lacked comparable infrastructure until now. This new liquidity infrastructure is expected to meet the needs of institutional RWA markets at scale. The Bank for International Settlements had previously cautioned that tokenized money market funds could face liquidity mismatches during periods of high redemption demand.
Metalayer’s facility acts as a standing buyer for tokenized RWAs, acquiring assets at a dynamic discount to their net asset value. Metalayer Ventures supplies and manages the capital for redemptions, while Multiliquid provides the smart contract infrastructure necessary for pricing, compliance enforcement, and settlement. Initially, the facility will support tokenized assets issued by companies such as VanEck, Janus Henderson, and Fasanara, covering tokenized Treasury funds and select alternative investment products.
Solana is gaining traction as a platform for tokenized RWAs, ranking eighth among blockchains by total RWA value, with approximately $1.2 billion represented across 343 assets. Although its market share is modest at 0.31%, Solana has shown steady growth, with RWA value increasing by over 10% in the past month. In the broader market, Canton Network, Ethereum, and Provenance are the leading blockchains for tokenized RWAs by total value. Canton holds a dominant position with over $348 billion in RWAs and more than 88% market share, while Ethereum and Provenance each hold $15 billion in tokenized assets.
Will Beeson, founder and CEO of Uniform Labs, highlighted the significance of this development, stating that while traditional finance has established markets for repo, prime brokerage, and overnight lending, tokenized markets have lacked comparable infrastructure until now. This new liquidity infrastructure is expected to meet the needs of institutional RWA markets at scale. The Bank for International Settlements had previously cautioned that tokenized money market funds could face liquidity mismatches during periods of high redemption demand.
Metalayer’s facility acts as a standing buyer for tokenized RWAs, acquiring assets at a dynamic discount to their net asset value. Metalayer Ventures supplies and manages the capital for redemptions, while Multiliquid provides the smart contract infrastructure necessary for pricing, compliance enforcement, and settlement. Initially, the facility will support tokenized assets issued by companies such as VanEck, Janus Henderson, and Fasanara, covering tokenized Treasury funds and select alternative investment products.
Solana is gaining traction as a platform for tokenized RWAs, ranking eighth among blockchains by total RWA value, with approximately $1.2 billion represented across 343 assets. Although its market share is modest at 0.31%, Solana has shown steady growth, with RWA value increasing by over 10% in the past month. In the broader market, Canton Network, Ethereum, and Provenance are the leading blockchains for tokenized RWAs by total value. Canton holds a dominant position with over $348 billion in RWAs and more than 88% market share, while Ethereum and Provenance each hold $15 billion in tokenized assets.
Solana Spot ETFs Experience Significant Outflows
On February 4, Solana spot ETFs in the United States experienced a total net outflow of $6.71 million. According to NS3.AI, Grayscale's SOL ETF recorded an outflow of $5.22 million, while Bitwise's SOL ETF saw a $1.49 million outflow. Despite these recent outflows, the total net assets of Solana spot ETFs remain at $789 million, with a cumulative historical net inflow of $871 million.
Kyle Samani Increases Investment in Solana Treasury Firm
Kyle Samani, co-founder of Multicoin Capital, has announced his decision to boost his investment in Forward Industries, a company managing Solana's treasury. According to NS3.AI, this move is aimed at increasing his indirect exposure to Solana (SOL). Samani expressed his optimistic view on Solana and the cryptocurrency sector as a whole. He intends to continue his involvement in crypto development both as a personal investor and as Chairman of Forward Industries, while also seeking innovative contributions from the community.
Standard Chartered Adjusts Solana Price Forecasts
Standard Chartered has revised its price forecasts for Solana, according to ChainCatcher. The bank's latest research report lowers the short-term price target for Solana, while significantly increasing its long-term projection.
The report adjusts Solana's target price for the end of 2026 from $310 to $250, but anticipates it will reach $2,000 by the end of 2030. It highlights a shift in Solana's decentralized exchange activity from meme coin trading to SOL-stablecoin pairs. Solana's stablecoin turnover is reportedly two to three times faster than Ethereum's, indicating diverse use cases.
The report also emphasizes Solana's "ultra-low cost, fast, and reliable transaction model," which is expected to dominate areas requiring high throughput and low transaction costs. This is particularly relevant in micropayment sectors driven by AI protocols like x402.
The report adjusts Solana's target price for the end of 2026 from $310 to $250, but anticipates it will reach $2,000 by the end of 2030. It highlights a shift in Solana's decentralized exchange activity from meme coin trading to SOL-stablecoin pairs. Solana's stablecoin turnover is reportedly two to three times faster than Ethereum's, indicating diverse use cases.
The report also emphasizes Solana's "ultra-low cost, fast, and reliable transaction model," which is expected to dominate areas requiring high throughput and low transaction costs. This is particularly relevant in micropayment sectors driven by AI protocols like x402.
Solana Foundation Announces New Program for Institutional Users
Solana Foundation has announced the launch of a new program and products aimed at institutional users. According to Foresight News, the initiative includes a VIP trading plan exclusively for invited top traders and market makers, offering enhanced liquidity and incentives. The program will also provide high-quality on-chain market data supporting the FIX protocol. Additionally, users will benefit from improved trading tools, access stability, and revenue strategies.
Solana Achieves Record Transaction Volumes Amid Market Fluctuations
Solana has reached significant milestones during recent market volatility, according to Odaily. On January 30, Solana recorded a single-day non-voting transaction volume of 148 million, marking its highest level of activity ever. This figure surpasses Cardano's total historical transaction volume by 30%. Last week was Solana's most active week in history, with network transactions nearing 1 billion and maintaining an average non-voting transactions per second (TPS) of 1505. The total number of transactions during this period is approximately equal to Ethereum's transaction volume over the past two years.
Solana Spot ETFs Experience Significant Inflows
On February 3, Solana spot ETFs saw a substantial net inflow of $5.58 million, according to PANews. Data from SoSoValue indicates that on February 2, the Bitwise SOL ETF BSOL recorded the highest single-day net inflow of $3.44 million, bringing its historical total net inflow to $682 million. The Fidelity SOL ETF FSOL followed with a daily net inflow of $2.14 million, accumulating a historical total net inflow of $155 million.
As of the latest update, the total net asset value of Solana spot ETFs stands at $883 million, with a Solana net asset ratio of 1.50%. The historical cumulative net inflow has reached $877 million.
As of the latest update, the total net asset value of Solana spot ETFs stands at $883 million, with a Solana net asset ratio of 1.50%. The historical cumulative net inflow has reached $877 million.