Solana price has shed over 35% since the beginning of 2026 and around 3% today, pulling from a prior close of $84.70 down to $83.59. Spot volume came in at $2.19 billion, a 42.66% single-session collapse, with institutional demand through the US SOL spot ETF wrapper deteriorating sharply on March 6.
Fidelity and Grayscale Lead $8.23M SOL ETF Exodus
The eight-product complex logged a combined daily net outflow of $8.23 million. Fidelity’s FSOL recorded the largest redemption, totalling $5 million (58,810 SOL) in a single session. Grayscale’s GSOL lost $2.52M (29,660 SOL), and Bitwise’s BSOL shed another $1.13M. Invesco’s QSOL was the only product to attract fresh capital, drawing only $426,930.
Total net assets across all products stand at $807.39M, equal to 1.66% of SOL’s market cap, with total value traded on the day at $121.08M.
Cumulative inflows since launch remain at $957.98M, months of steady institutional buying, but the daily trend is beginning to chip at that base.
Solana Price Approaches Oversold and Analyst Targets $60
The weekly technical read on Solana coin is almost entirely bearish. Of 15 moving averages tracked on TradingView, 13 are printing sell signals, while every Exponential Moving Average (EMA) and Simple Moving Average (SMA) from the 10-period SMA at $105.48 through the 200-period EMA at $119.97 sits well above spot. RSI has dropped to 29.79, pressing toward oversold territory, while MACD holds negative at -23.80.
Analyst KNIGHT published a 4-hour chart on March 6 showing the Solana price had rejected from a resistance zone and was approaching range lows, with a projected flush to $60 if structure breaks.
That Solana price prediction implies a further 28% decline from current levels. SOL is already down 9.28% over one month, 35.2% year to date, and 41.69% over the past year. The five-year return of 540.59% is the only number bulls can point to, but it does nothing to change the near-term setup.
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