SOL Defends $87 After 20% Surge While ETFs Continue To Exit
The post SOL Defends $87 After 20% Surge While ETFs Continue To Exit appeared on BitcoinEthereumNews.com.
Solana gains 0.21% to $87.10 after bouncing 20% from crash lows at $72, with spot inflows flipping positive at $7.69 million on February 8. ETF outflows total $5.68 million over the past week with February 6 alone seeing over $1 million exit, marking the seventh instance of such heavy outflows. Recovery requires reclaiming $100, while a close below $85 opens downside toward the $72 crash low. Solana price today trades near $87.10 after consolidating gains from a 20% bounce off the $72 crash low that marked the token’s lowest level since early 2024. The recovery comes alongside a flip to positive spot flows, but heavy ETF outflows signal that institutional investors remain unconvinced the bottom is in. Spot Inflows Flip Positive At $7.69 Million SOL Netflows (Source: Coinglass) Coinglass data shows $7.69 million in spot inflows on February 8, breaking a streak of outflows that dominated the crash. The positive flow suggests some buyers view current levels as attractive entry points after the 66% decline from September highs. The flow reversal from heavy outflows to inflows often signals that near-term selling pressure is exhausting. When spot markets flip positive during a bounce from crash lows, it can indicate that weak hands have capitulated and stronger holders are accumulating. Daily Chart Shows $100 As Critical Resistance SOL Price Dynamics (Source: TradingView) On the daily chart, Solana trades below the descending trendline from September that has capped every rally attempt. The $100 level, which previously acted as major support, has now flipped to resistance. Price crashed through the $100 psychological level and found support at $72, a level not seen since the summer of 2024. The bounce to $87 represents a 20% recovery but remains well below the broken support structure. Additionally the descending trendline continues to decline and currently runs through…
Filed under: News - @ February 9, 2026 10:27 am