Solana’s price remained above one hundred and twenty dollars after a near two percent decline earlier this week.
Market analysts warned the asset is trading within a descending wedge pattern on the daily chart.
The technical structure suggests a higher risk of further downside in the near term.
SOL reversed from the one hundred and thirty dollar level before sliding lower.
That move increased pressure toward the lower boundary of the wedge formation.
Institutional interest in Solana has softened but has not fully reversed.
Solana focused exchange traded funds posted their lowest weekly inflows in recent months.
Weekly ETF inflows fell to just over thirteen million dollars from more than sixty six million previously.
Despite the slowdown, ETFs recorded a two point nine three million dollar inflow on Monday.
The rebound followed a net zero flow session at the end of last week.
Analysts said the inflow suggests institutions are still selectively accumulating SOL.
Retail trader sentiment appears weaker compared with institutional positioning.