# Solana Price Forecast: SOL Risks Steeper Decline Below $70 Despite Steady ETF Inflows

> Solana trades lower on Monday, remaining capped below its 50-day EMA as retail demand wanes and funding rates turn negative, even though institutional investors continue to pump funds into SOL ETFs.

**Type:** article · **Category:** Crypto · **Published:** 2026-08-03 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/solana-price-forecast-sol-risks-steeper-decline-below-70-despite-steady-etf-inflows-13261 · **Language:** English
**Tags:** Solana, Cryptocurrency, Solana Price, Crypto Market, ETF, Cardano, Bitcoin, finance

Solana experienced a downward drift on Monday, facing persistent selling pressure that kept its price capped below the 50-day exponential moving average at $75.68. As the broader crypto market sentiment weakens, speculative retail interest has cooled off, while institutional demand has shown notable resilience. Live market data places the current price of Solana at $73.66, reflecting a minor gain of 0.29 percent from its previous close of $73.45. The asset's 52-week range spans from $60.41 to $148.22.

## Resilient Institutional Demand Via ETFs
While retail activity contracts, institutional investors continue demonstrating confidence in Solana through consistent exchange-traded fund inflows. July recorded five consecutive weeks of positive inflows, bringing the monthly total to $14.62 million. SOL ETFs alone attracted $2.82 million last week, extending a streak that highlights recovering institutional appetite following an outflow of $786,580 registered in May.

## Cooling Retail Activity and Negative Funding Rates
In contrast to institutional stability, retail participation has visibly receded. CoinGlass data indicates that SOL futures trading volume contracted by 14 percent over a 24-hour window, dipping to $3.66 billion. Furthermore, the funding rate, representing the premium traders pay to maintain leveraged positions, flipped negative to -0.0011 percent from a peak of 0.0062 percent on Sunday, pointing directly toward an entrenched bearish bias in the derivatives market.

## Technical Indicators and Moving Average Stances
From a technical perspective, Solana maintains a near-term bearish posture, trading well beneath its 50-day EMA at $75.68 and significantly lower than the 200-day EMA at $92.69. Live technical indicators show the 14-period RSI hovering at 46, staying below the midline. The MACD indicator reads -0.81 compared to a signal line of -0.52, confirming ongoing downward momentum. Moving averages stand with the 20-day EMA at $74.68, 50-day EMA at $75.64, and 200-day EMA at $94.75, underscoring a long-term downtrend.

## Key Support and Resistance Levels to Watch
On the upside, immediate resistance clusters between the 50-day EMA at $75.68 and the trendline breakout level near $76.06. Further barriers sit at the 50 percent retracement level of $79.27 and the 23.6 percent retracement at $87.60, ahead of the 200-day EMA at $92.69. Downside trajectory points toward support near $71.30 and the 20-day support band around $70.69. Live pivot metrics outline a daily pivot at $73.25, with immediate resistance levels at R1 $74.51 and R2 $75.35, alongside support levels at S1 $72.41 and S2 $71.15.

## Broader Crypto Market Developments
Other major assets experienced distinct movements on Monday. Cardano traded near $0.187 following a more than 14 percent surge last week, backed by whale accumulation metrics. Meanwhile, Bitcoin edged lower toward $63,000 amid mixed market sentiments influenced by security incidents involving a Coldcard wallet exploit and geopolitical developments in the Middle East.

## What this means for you
**For crypto investors:** Increased bearish momentum and negative funding rates on Solana suggest that short-term traders should exercise caution as prices risk slipping below the $70 threshold.

## Questions & Answers

### 1. What is the current live price of Solana?
Solana is currently trading live at $73.66, registering a minor 0.29 percent increase from its previous close.

### 2. How much total inflow did Solana ETFs record in July?
Solana ETFs recorded five consecutive weeks of positive inflows in July, bringing the monthly total to $14.62 million.

### 3. What does Solana's funding rate indicate currently?
Solana's funding rate has flipped negative to -0.0011 percent, pointing to an underlying bearish bias in the market.

### 4. What are the immediate support levels for Solana?
Solana's downside trajectory points toward support levels near 70.69 dollars and 71.30 dollars.

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