Solana (SOL) Price: Analyst Identifies $45‑$75 Buying Range as ETF Outflows Reach Fourth‑Largest Record

TLDR

• Solana increased by more than 2% on Monday following four consecutive days of declines that amounted to a 5% fall last week.
• US spot Solana ETFs saw $7.84 million in outflows on Friday, marking the fourth-largest single-day outflow since records began.
• More than $22.98 million in SOL derivatives were liquidated within 24 hours, with long positions making up $19.18 million of that total.
• The funding rate shifted to negative at -0.0141%, indicating traders are paying a premium to maintain short positions.
• Critical support lies around $70–$75, with market observers monitoring for a possible decline toward $50 if that level fails.

(SeaPRwire) –   Solana is attempting to rebound following a difficult week, though underlying data presents a wary narrative. ETF outflows, substantial liquidations, and pessimistic derivatives positioning all indicate the recovery could be temporary.

Solana finished last week approximately 5% lower, reaching lows just over $81 before climbing more than 2% on Monday. The price had fallen beneath an ascending support trendline around $88, which numerous technical traders considered a pivotal moment.

The 50-, 100-, and 200-day Exponential Moving Averages (EMAs) all remain positioned above the current price, reinforcing the negative outlook. SOL would require a daily close above $91 to begin altering that perspective.

The MACD indicator has dropped below its signal line and entered negative territory. The RSI stands at 42, beneath the neutral 50 threshold, implying sellers maintain control.

US spot Solana ETFs registered $7.84 million in net outflows on Friday alone. This represented the fourth-largest single-day outflow since these products debuted, and it signified the third straight week of net negative flows.

Should institutional outflows persist throughout this week, it would increase downward pressure on an already vulnerable price structure.

In the derivatives market, $22.98 million in SOL positions were liquidated during the previous 24 hours. The majority of that amount — $19.18 million — resulted from long positions being eliminated.

The negative funding rate of -0.0141% demonstrates traders are prepared to pay a premium to remain in short positions, reflecting direct bearish market sentiment.

Analysts Eye $70–$75 as the Key Zone

Analyst Crypto Patel shared a two-week chart indicating SOL has fallen approximately 77% from its record peak near $250. His chart identifies a crucial support and entry range between $45 and $75, with a Fibonacci retracement at $52.11 acting as a more profound objective.

Where Are All The Solana Maxis Now?

They Told Their Followers To Buy $SOL Above $250. Screamed “To The Moon” At ATH.

Now Price Is Below $80… And They’re Silent. Not A Single Tweet Saying “Buy Now.”

Funny How That Works Right?
Bullish At $250. Silent At $80. That Tells You… pic.twitter.com/SRiCYSIr5N

— Crypto Patel (@CryptoPatel) March 28, 2026

Patel observed that bullish sentiment was prominent when Solana traded above $250, but has now gone quiet with the price under $80. He interprets the current weakness as a potential accumulation period for long-term investors, projecting targets of $500 and $1,000 over an extended timeframe.

A distinct analysis from More Crypto Online utilized a one-hour chart to demonstrate Solana had dropped below a short-term rising trendline. That analyst designated the movement as a potential “wave 3” decline, indicating a support region between $71.91 and $77.91.

What the Charts Say Now

Direct support rests at the recent low of $81.44. A breach below that level paves the way toward $75.63, the February 24 low that initiated the previous upward trend.

Overhead resistance is grouped between $84.85 and $87.71, with the 50-day EMA at $91.24 serving as a more significant barrier.

SOL ETF flows are under close observation, with Friday’s $7.84 million outflow representing the most evident indication of institutional caution to date.