While the week is entering the week with sharp sales in the cryptocurrency markets, developments on the Solana (SOL) front attract attention. SOL, which peaked at $140.19 last Sunday, lost approximately 10 percent of its value in a short time and fell to the $126 band. This decline was not only driven by general market weakness, but also by initial outflows on the spot ETF front and proposed changes to the Solana network’s token economy. While investors focus on short-term technical levels, they also closely monitor how the long-term economic structure of the network will be shaped.
ETF Exodus and Low Liquidity Deepen Selling
The first daily outflow in Solana’s spot exchange traded fund (ETF), after 21 days of uninterrupted money inflow, gave a negative signal to the market. This outflow, recorded on Friday, November 28, accelerated the sales that came over the weekend in the low liquidity environment. While there was a sharp correction across crypto, especially on Sunday night, with the weakening of liquidity in global markets, the Solana price was also strongly affected by this wave.
The technical outlook indicates that the bearish trend has become clear on the daily time frame. While the $121.66 level stands out as a critical threshold, a new downward wave is expected to begin if this level is broken downwards. In upward movements, the 144-145 dollar band is observed as an important supply area. In the short term, the $125-127 range stands out as the strongest demand area of the last ten days. However, the range between $130-137 continues to block the price as a strong resistance area where sellers are concentrated.
Technical indicators also confirm the weakness. On both hourly and daily charts, Chaikin Money Flow (CMF) remains below the -0.05 level, indicating a serious capital outflow from the market. Stochastic RSI and moving averages also indicate continued downward momentum. This chart indicates that even if there are short-term reaction increases, the general trend has not turned upward yet.
Token Economics Change and Its Impact on the Market
Another reason for the pressure on the price was the token economy change that Solana developers discussed. The proposed regulation aims to make supply scarcer in the long term, while reducing staking rewards. If this change is implemented, it will be Solana’s most impactful tokenomics move since its launch. However, the fact that it has not yet been approved and the possibility of a possible decrease in staking revenues has weakened investor appetite in the short term.
In addition to these developments, Bitcoin in the markets 
$86,219.53 The resulting fluctuation also increased the pressure on Solana. The sudden withdrawal seen in Bitcoin in recent days has rapidly brought down the price of SOL, like many altcoins. As a matter of fact, with the sharp movement in Bitcoin on Sunday night, Solana’s loss of more than 8 percent in value in just 8 hours revealed this correlation once again.
As a result, although technical pressure and fund outflows are at the forefront in the short term on the Solana front, the main determining factor seems to be the decision to be taken regarding the token economy. Decreasing staking returns may put pressure on the price in the short term; However, in the long run, supply becoming more limited could also provide strong support under the right market conditions. We have entered a period in which investors must monitor both the technical levels and the voting process on the economic model of the network.
