SOL has fallen ~35% from its September high to about $160 (lowest since August). Technical indicators show an impending 50/200-day death cross, a bearish pennant, and the handle of an inverse cup‑and‑handle, with key support near $126 (~20% below current levels). Meanwhile US SOL ETF inflows picked up ($12.6M on Friday, $337M cumulative); BSOL holds $478M and GSOL $97M (combined ~0.64% of SOL market cap). Solana’s Alpenglow upgrade is scheduled, which could improve fundamentals.

Price is already down ~35% to ~$160 and technicals point to further downside (impending 50/200-day death cross, bearish pennant, inverse cup‑and‑handle) with support at $126 (~20% lower). ETF flows are positive but modest (Friday $12.6M, $337M cumulative; BSOL $478M + GSOL $97M ≈0.64% of market cap). An upcoming Alpenglow upgrade could be constructive but does not negate the technical downside in the summary.