Solana – Assessing if a fall to $49 is actually possible for SOL’s price

The crypto market, as soon as brimming with optimism, has entered a harsh part, with Solana (SOL) struggling amidst the downturn. At press time, Solana was down over 20% because the begin of February, on the again of the broader market’s correction.

After breaching its macro head and shoulders sample on the each day, weekly, and month-to-month time frames, the worth dropped beneath key assist ranges, together with $70, in early February. 

Supply: TradingView

Shedding the $79-$81 assist zone, Solana fell to round $69 quickly after.

If this stage fails to carry, the following demand zone will probably be between $49 and $53. Now, whereas the broader market crash contributed to the drop, merchants and traders are asking a really pertinent query – Even after dropping beneath $100, is the storm about to get a lot worse? Effectively, there may very well be additional draw back forward. 

Heavy ETF outflows result in web losses

Solana’s bleeding didn’t cease at its value ranges alone. It additionally confronted heavy ETF outflows, totaling a staggering -67,632 $SOL ($5.68M) over the previous week. Actually, 06 February noticed over $1M price of Solana tokens exit, marking the seventh occasion of such outflows. 

Supply: Lookonchain

This episode of sustained retreat from Solana-focused ETFs factors to a broader lack of confidence. The market has been sending clear alerts and traders are shifting away from Solana [SOL]. Therefore, it’s doable that the pattern is not going to reverse itself anytime quickly.

Solana’s market cap for RWAs surpasses $1 billion!

In line with Token Terminal, on 7 February 2026, Solana’s RWA market cap surpassed $1 billion – An indication of development in tokenized property regardless of market challenges. This milestone could also be proof of progress in direction of adoption on the again of robust fundamentals too. 

Supply: Token Terminal

If momentum holds regular, it may assist additional innovation and market confidence. The subsequent step for Solana will probably be sustaining development and attracting extra institutional assist.

Will the market take in outflows or push Solana decrease?

With ETF outflows mounting and Solana’s value dipping to new lows, the query stays – Will the market take in the losses and stabilize? Or, is that this the beginning of a deeper downturn? Until Solana can reclaim essential ranges between $118 and $145, its restoration is perhaps unlikely. 

Institutional inflows are wanted to flip the script, but when these don’t materialize, the draw back dangers will probably be too pronounced to disregard. At this stage, the market is just not exhibiting indicators of robust absorption. As a substitute, it’s wavering on the point of additional capitulation.

Closing Ideas

• Solana has been exhibiting clear indicators of market weak spot, with large outflows, and any stage beneath $100 now representing a key demand zone.
• Way forward for Solana hinges on institutional assist and with out it, a deeper fall could also be inevitable.