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Solana (SOL) has slipped below the critical $180 mark even as institutional inflows into newly launched Solana exchange-traded funds (ETFs) reached nearly $199 million in just one week. Related Reading: XRP's Next Earthquake: Billions Set To Flow In, 'Supply Shock' Coming--Analyst The Solana price is hovering around $175, marking a 6.4% daily decline and extending a week-long correction that has erased almost 12% of its value. Despite ETFs managed by Bitwise, Grayscale, and 21Shares pushing total assets past $500 million, the influx of institutional capital has yet to stabilize prices. Analysts attribute the weakness to a broader risk-off sentiment across global markets. Although President Trump recently announced a lower tariff imposition, crypto investors remain skeptical, fearing another policy reversal that could trigger a sharp market downturn. SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview Strong Fundamentals Overshadowed by Macroeconomic Fears While the macro instabilities weigh heavily on the Solana price action, SOL's underlying fundamentals remain strong. The blockchain recently reported annualized revenue of $2.85 billion, growing nearly 30 times faster than Ethereum's early-stage performance. The network continues to attract developers and corporate partners, including Western Union, which is building a stablecoin on Solana to power global remittances. However, short-term traders remain cautious. Technical indicators reveal that the Solana price is consolidating below major moving averages, with key support around $172 and resistance between $188 and $192. The RSI sits near 41, signaling that the asset is approaching oversold levels, while the MACD divergence suggests waning selling pressure. Still, a sustained rebound remains uncertain without a broader recovery in risk appetite. Bulls Eye $200 in Solana Price as Macro Clouds Clear For now, Solana's near-term outlook remains bearish-to-neutral. A decisive break below the $172 support could open the door to deeper declines toward $157 or even $142, zones that previously attracted strong buying during October's correction. Conversely, defending the 200-day moving average at $179.78 and reclaiming $189-$200 could restore short-term bullish momentum. Related Reading: Dogecoin Must Defend This Level To Avoid A $0.07 Meltdown, On-Chain Data Shows Despite near-term volatility, analysts like Lark Davis maintain that Solana is "winning" against Ethereum in speed, scalability, and user growth. Long-term investors remain confident that institutional inflows, coupled with Solana's expanding ecosystem, will eventually reflect in the Solana price action once global markets stabilize. Cover image from ChatGPT, SOLUSD chart from Tradingview