Solana continues to go down on Monday, continuing her return since early July. Despite a marked increase in the 24-hour trade activity over the past 24 hours, the slowdown in ETF inflows and the fall of futures stock suggest that the short-line attitude of institutions and derivative traders towards SOL remains cautious.

SOL ETF for two weeks in a row

The CoinGlass data show that SOL ETF net inflows last week amounted to approximately $948 million, compared with approximately $0.93 million the previous week. While the net inflow was maintained, the scale was significantly lower than that of bitcoin and Etherwood-related products.

During the same period, Bitcoin ETF net inflows were about $75.67 million a week and ETF around $105.44 million a week. By contrast, SOL has relatively limited access to new configurations, with a more concentrated flow of funds to more substantial and mature mainstream assets.

The futures are ready to be expanded, but the futures are back.

Retails and derivatives markets are getting warmer. The data show that SOL futures increased by 78 per cent to $5.37 billion in 24-hour futures, but declined slightly to $4.77 billion in unopened contracts.

An increase in turnover and a decline in unsettled contracts usually mean that part of the warehouse is flat, rather than more new, multiple entry. At the same time, the change in the financial rate to a slightly negative one reflects the preference of some traders to maintain an empty position.

Seventy-seven dollars is still a drag.

In terms of price structure, SOL remains short-line vulnerable. 4 On the hour chart, prices remain below the 50-cycle and 200-cycle index moving averages, both of which remain above $76 and continue to constitute near-end resistance.

It is mentioned that the relatively strong and weak indicators are close to neutral zones and that the MCD, although improved, is still not strong enough to reverse the current downward trend. If subsequent sales pressure continues, market interest is concentrated in the range of US$ 72.8 to US$ 73.5; if the area falls, the next support position is close to US$ 70.62.

If SOL is to ease the current back-to-back pressure, it will first have to re-establish the down-to-down resistance line near US$ 77.27. If this position is effectively recovered, the price will be given an opportunity to further test the resistance near the 81.92 USD.