Solana ETFs See First Outflow After 21-Day Streak as SOL Tests Key Support at $137
The post Solana ETFs See First Outflow After 21-Day Streak as SOL Tests Key Support at $137 appeared on BitcoinEthereumNews.com.
James Ding Nov 29, 2025 05:04 SOL trading at $137.44 following first ETF outflow since October launch, ending 21-day inflow streak that previously supported price above $140 resistance level. Quick Take • SOL trading at $137.44 (down 1.8% in 24h) • First Solana ETF outflow ($8.1M) breaks 21-day positive streak • Price testing critical support near SMA 20 at $140.05 • Following broader crypto weakness as Bitcoin declines Market Events Driving Solana Price Movement The most significant catalyst affecting SOL price this week was the November 26 outflow from Solana ETFs, marking the first daily net outflow of $8.10 million since the funds launched in late October 2025. This development ended an unprecedented 21-day streak of positive inflows that had provided consistent institutional buying pressure supporting SOL price above key resistance levels. The ETF outflow coincided with a broader crypto market pullback, contributing to SOL’s decline from mid-$140s to current levels around $137. Prior to this reversal, SOL had experienced a 4-6% surge on November 25, driven by sustained ETF inflows and renewed discussions around the SIMD-0411 proposal, which could potentially remove approximately 22 million SOL from future token issuance. The timing of the ETF outflow suggests institutional profit-taking after SOL’s strong performance since the ETF launch, rather than fundamental concerns about Solana’s ecosystem. However, the break in the inflow pattern represents a notable shift in institutional sentiment that traders are closely monitoring. SOL Technical Analysis: Testing Critical Moving Average Support Price Action Context SOL price currently trades below its 7-day SMA at $138.09 and is testing the 20-day SMA at $140.05 as support. The more significant technical concern is the distance from longer-term moving averages, with SOL trading roughly $29 below the 50-day SMA ($166.26) and $41 below the 200-day SMA…
