🔴 Solana Under Pressure: First Outflow from ETFs in a Month 📉

Solana (SOL) is experiencing a failure in its recent recovery attempt, as the price has dropped again amid rising selling pressure and declining investor confidence.

🔻 Solana ETFs recorded their first net outflows in 4 weeks, a clear indication of a shift in sentiment among institutional investors after the price failed to maintain upward momentum.

📊 On-chain data confirms the negative picture:

Realized losses for investors for the fourth consecutive day

Increase in selling from coin holders

Return of the pressures that dominated the market during December

📉 Price Analysis:

The price is trading around $133

Breaking the ascending wedge pattern signals a potential drop towards $128

A break of this level could deepen the correction

🔄 When will the scenario change? If ETF flows stabilize, Solana may regain the $136 level, and its success in holding above could open the path towards $146.

⚠️ Until then, the outlook remains cautious and momentum leans in favor of the bears.