Solana Price Drops Below $180 Despite $199M ETF Inflows, What’s Behind the Decline?

Solana's price has fallen below $180 despite institutional inflows into SOL ETFs reaching nearly $199 million in a week. The price is currently around $175, reflecting a 6.4% daily decline and a 12% drop over the week. Macroeconomic uncertainties and risk-off sentiment in global markets are contributing to Solana's price weakness. Investors are wary of potential policy reversals following President Trump's tariff announcement. Solana's fundamentals remain strong, with high annualized revenue growth and attracting developers and partners like Western Union. Technical indicators suggest consolidation below major moving averages, with support around $172 and resistance between $188 and $192. The RSI indicates approaching oversold levels, while the MACD shows waning selling pressure. The near-term outlook is bearish-to-neutral, with potential for further declines if support at $172 is breached. Analysts remain optimistic about Solana's long-term potential due to its speed, scalability, and ecosystem growth. A recovery in global markets and sustained institutional inflows could boost the Solana price.