Solana (SOL) is up 4% at press time on Monday after a 6% decline on Sunday, but remains under pressure from the 14% loss last week.
Solana recovers 4% on Monday after Sunday’s 6% drop, bringing last week's loss to a staggering 14%.Institutional demand for Solana is easing as US spot SOL ETFs record their lowest weekly inflow of $9.
57 million.Solana loses retail demand with over $60 million of long liquidations in the last 24 hours.Solana is up 4% at press time on Monday after a 6% decline on Sunday, but remains under pressure from the 14% loss last week. The pullback aligns with the reduced demand from institutional and retail investors, evidenced by falling inflows and Open Interest, while long liquidations of over $60 million in the last 24 hours reflect a bullish wipeout.The technical outlook for Solana focuses solely on the December low at $117 and the $100 psychological support level as selling pressure increases.Solana’s institutional and retail demand cools downThe US spot SOL Exchange Traded Funds recorded the lowest weekly inflows of $9.57 million, down from $46.88 million the previous week. A drop in inflows refers to reduced inflows from institutional investors amid a broader market risk-off sentiment, likely spooked by persistent geopolitical and tariff-related threats from the US. Additionally, the rise of the Japanese Yen amid speculations of its central bank's intervention to halt its decline could send the crypto market into a tailspin. US spot SOL ETFs data. Source: SosovalueOn the derivatives side, demand softens as long liquidations of over $60 million outpace short liquidations of $2.14 million over the last 24 hours, reaffirming the selling bias. The SOL futures Open Interest is down 1% to $7.41 billion, indicating a reduced value of outstanding contracts as bullish positions are wiped out and new positions tilt bearish, as evidenced by the negative funding rate of -0.0036%.SOL derivatives data. Source: CoinGlassTechnical outlook: Will Solana’s recovery avoid a drop to $100?Solana is recovering quickly on Monday, rising 4% in the Asian session and approaching $125. Still, SOL holds well below the downward-sloping 50-, 100-, and 200-day Exponential Moving Averages , reinforcing a bearish alignment. The 50-day EMA at $135 would likely cap initial rebounds, while the 100-day EMA at $144 acts as the next barrier. The Moving Average Convergence Divergence histogram remains negative but is contracting, suggesting a cooldown in downside momentum. Both the MACD and signal lines sit below zero, keeping the broader bias weak.The Relative Strength Index is at 38, indicating soft momentum without oversold conditions.SOL/USDT daily price chart.However, the downside risk persists if SOL drops below the December 18 low at $117, which would open the door to the S1 Pivot Point at $112, followed by a deeper zone at the $100 psychological support level.
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