Solana Analysis: Sol Price Unlikely To Break $150 For Now 2025

Solana struggles with recovery due to weakening network activity, a declining TVL, and negative ETF flows, as a classic chart pattern targets $100.

SOL’s (SOL) recent recovery stalled at $145 as Solana ETF flows flipped negative for the first time since launch.

Solana TVL drops 20% in November, with a 16% decline in network fees, signaling weak network demand.

SOL’s bear flag projects a deeper price correction to $100.

As Cointelegraph reported, spot Solana exchange-traded funds (ETFs) ended their streak of net inflows, recording their first single-day net outflow of $8.2 million on Wednesday.

Related: Solana treasury backs ‘double disinflation’ plan amid 30% price decline

This reflected a possible decline in institutional demand amid waning network activity.

Data from Nansen shows weakening network metrics, including a 6% decrease in active addresses and a 16% decline in network fees over the last seven days.

Similarly, Solana’s total value locked (TVL) is down 20% month-to-date and fell 32% from its September high of $13.23 billion to $9.1 billion on Nov. 11.

Jito was among the weakest performers in Solana’s deposits, with its TVL dropping 33% over the past 30 days. Other notable declines included Jupiter (-28%), Raydium (-31%), and Sanctum (-22%).

Source: CoinTelegraph