Solana's ETF Drama: $15M Walks Out the Door, But Bulls Still Have $96 on the Vision Board

Crypto markets opened the week looking like they got ghosted at the club—capital flowed out of major ETFs like nobody wanted to stick around for last call. Bitcoin spot ETFs recorded $159 million in net outflows, while Ethereum products lost $64.67 million. Solana ETFs also saw $15.40 million exit in a single day, probably to go YOLO into some meme coin. However, XRP stood out with modest inflows, signaling selective investor interest—because apparently some people still remember it exists.

Solana traded near $87 after gaining 6.60% in 24 hours, flexing some short-term strength like it just found out it was trending on Twitter again. However, the broader structure remains fragile despite the recent bounce. Solana continues to move within a defined consolidation channel, basically living in its parents' basement between $75 and $85. The asset now sits close to critical support near $76.66, which is basically the "no refunds" line for anyone who bought the dip.

If buyers defend this level, the market could form a double bottom pattern—because apparently, some people learn from their mistakes twice. Consequently, price may push toward $81 and later test $85 resistance. Holding support could restore short-term confidence among sidelined participants, who are currently watching from their couches with popcorn.

However, a breakdown below $76.66 would shift sentiment sharply bearish. Such a move may expose downside toward $68.54, which marks the yearly low—aka the place where hope goes to die. Extreme weakness could drag the price toward the psychological $50 zone, which would be Solana's villain origin story.

A contrasting view points to a breakout from a falling wedge pattern. This formation often signals bullish continuation