Market context
SOL is holding $105.32 into Monday's US session, roughly flat on the week, with Blockchain.News flagging a stall between $99 support and $108.42 resistance. The tape underneath that stall is what matters. Aggressive spot selling is running into a heavily long derivatives book, a setup that tends to resolve one way in a hurry.
Zoom out and the macro picture around SOL isn't broken, it's just cooling. Bitcoin ETFs pulled $986.9 million in the week ending Sept. 4, per SoSoValue data cited by BeInCrypto, while inflows into Ethereum, Solana, XRP, and Hyperliquid products dropped between 73% and 96%. Solana's own ETF haul fell 97% week-over-week, according to CryptoSlate, though the funds stayed net positive. Net positive with a 97% drop is the definition of a tape running out of buyers.
The good news for Solana bulls is that the money that did show up went to real assets. Solana led all networks with $348 million in 30-day RWA net inflows, crypto.news reported Saturday, as tokenized funds, Treasuries, and equities expanded across the chain. That's a slower, stickier flow than the memecoin churn that defined the first half of the year.
Technical setup
The chart is a coil. SOL has spent the last several sessions grinding sideways at $105 with momentum indicators flattening out, which Blockchain.News called a launch-pad-or-trapdoor moment for the next 48-72 hours. Resistance is $108.42. Reclaim it on volume and $115 opens as the next friction point. Lose $99 and the tape unwinds toward the low $90s where prior demand printed.