Solana (SOL) Price: Total Inflows Reach $136M as Bearish Wedge Pattern Sparks Concern

TLDR

• Digital asset investment products recorded $230M in inflows last week, with Bitcoin leading all assets at $219M
• Solana notched $17M in inflows for its seventh straight week, bringing its cumulative total to $136M
• SOL trades between $91–92, up 5.64% over 24 hours but down 3% across the past week
• A rising wedge pattern on the 3-day chart points to potential for another price drop
• Key levels to monitor: $78 support and $95 resistance, with a downside target of $65–$70

(SeaPRwire) –   After a modest recovery, Solana (SOL) is trading in the low $90s, but technical indicators are raising doubt over whether this upward move can hold.

According to CoinShares data, digital asset investment products saw a total of $230M in inflows last week. Early-week flows were strong at $635M, but market sentiment shifted following the Federal Reserve’s meeting, resulting in $405M in mid-week outflows.

Between March 16 and March 20 (ET), Bitcoin spot ETFs posted net inflows of $95.18 million, marking four straight weeks of net inflows. Ethereum spot ETFs registered net outflows of $59.94 million. SOL spot ETFs logged net inflows of $21.10 million, while XRP spot ETFs recorded net… pic.twitter.com/oI6NJjhwZl

— Wu Blockchain (@WuBlockchain) March 23, 2026

The US led all regions in inflows at $153M. Germany added $30.2M and Switzerland contributed $27.5M.

Bitcoin drew the bulk of total inflows at $219M. Ethereum recorded $27.5M in outflows, ending its three-week streak of positive inflows.

Solana pulled in $17M last week, marking its seventh consecutive week of inflows. This brings the cumulative total over the seven-week stretch to $136M.

As of writing, SOL is priced at $91.61, up 5.64% over 24 hours. Despite the daily gain, the token is still down roughly 3% over the past seven days.

Bearish Wedge Raises Red Flags

Analyst CryptoBullet identified a rising wedge pattern forming on SOL’s 3-day chart. This pattern emerged after Solana dropped below its 200-week moving average, a level commonly used to gauge long-term trend direction.

$SOL 3-day chart

This rising wedge looks extremely bearish

It will most likely break out to the downside
(Existing trend continuation) pic.twitter.com/0mN75G0KVK

— CryptoBullet (@CryptoBullet1) March 22, 2026

Every upward bounce within the wedge is weaker than the previous one. This suggests buyers are struggling to maintain upward momentum. A rising wedge that forms after a large decline often signals the existing downtrend will resume.

If SOL breaks below the base of the wedge, a steeper price drop could follow. Analyst DrBullZeus pegs support at $78, with a breakdown potentially targeting the $65–$70 range.

Weekly Chart Shows Mixed Signals

On the weekly chart, the 100 and 200 EMAs are still trending upward, which is a positive long-term signal. However, the 20 and 50 EMAs have flattened out, pointing to slowing momentum.

Bollinger Bands are tightly compressed, a state that typically comes before a large price move in either direction. The RSI sits in the mid-30s — not oversold, but it confirms sellers are currently in control.

The MACD line remains in bearish territory, though its histogram bars are shrinking, which hints that selling pressure may be easing slightly.

Chainlink and Hyperliquid also saw smaller weekly inflows of $4.6M and $4.5M respectively.

On the bullish side, a break above $95 could push SOL toward the $110–$120 range. Longer-term projections from analyst Moonbag point to a range of $260–$300 if SOL reclaims the $180–$200 zone.

The Balance of Power indicator is currently negative, with sellers holding the edge per the latest data.