Solana Price Plummets 74% to 52-Week Low Amid ETF Outflows
- Price Plunge: Solana (SOL) has dropped over 27% in the past month and nearly 74% from its 2025 peak near $258, currently trading at $66.6, marking a 52-week low that reflects extreme bearish sentiment in the market.
- ETF Outflows: On June 3, U.S. spot Solana ETFs recorded $12.7 million in net outflows, marking the first day of net redemptions since May, indicating that investors are reducing exposure to risk assets following the recent market downturn, which exacerbates downward pressure on Solana's price.
- Liquidation Data: Over the past 24 hours, more than $1.66 billion was liquidated from the crypto derivatives market, including approximately $1.42 billion in long positions, highlighting the high leverage risk and liquidity crisis in the market, leading to renewed downside pressure on major altcoins.
- Deteriorating Technical Indicators: Solana's price remains below the Supertrend indicator at $114, with major moving averages failing to provide support, indicating a continued bearish long-term trend, as market sentiment remains low and sellers dominate the market.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 47.917 | 54.023 | 59.877 | 65.983 | 71.837 | 77.943 | 83.797 |
| Fibonacci | 54.023 | 58.592 | 61.415 | 65.983 | 70.552 | 73.375 | 77.943 |
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