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Solana price remained in a tight range this week despite delivering some notable news from the ongoing Breakpoint event.
- Solana price has formed a bearish flag pattern on the daily chart.
- The network made some major announcements at the Breakpoint event.
- The spot Solana ETFs have continued adding assets this week.
The Solana (SOL) token was trading at $131 today, Dec. 11, down by nearly 50% from its highest level in September this year, and technical indicators suggest further downside, potentially to $100.
Solana’s price remained sideways despite notable ecosystem news. One of the most recent news was the bridge between Solana and Base through the Chainlink (LINK) network. This was a significant event, as the two are among the leading chains in the crypto industry, with Base hosting over 700 dApps and a TVL of over $8.3 billion.
The other notable Solana news came from Ondo Finance and State Street, which will launch SWEEP, a new private tokenized liquidity fund bringing traditional cash management onchain.
Ondo Finance has joined with State Street Investment Management and Galaxy Asset Management to announce plans for SWEEP, a new private tokenized liquidity fund bringing traditional cash management onchain.
— Ondo Finance (@OndoFinance) December 11, 2025
OUSG, Ondo’s flagship tokenized fund, plans to serve as the lead anchor… pic.twitter.com/YM8yCRbVhc
Similarly, Animoca Brands, a top player in the crypto industry, announced that it would launch its equity on Solana. Bhutan will also launch the first sovereign-backed gold token on the network.
Another major Solana development came from Coinbase, which launched a product that allows users to trade all Solana tokens on a decentralized exchange. This is notable as it exposes Solana and its ecosystem to millions of users.
BREAKING: @coinbase to allow users to trade all Solana tokens through a DEX , without listings 🔥 pic.twitter.com/IyQ5IXHGgR
— Solana (@solana) December 11, 2025
Meanwhile, Solana’s ETFs have continued gaining assets since their launch in October. They have recorded inflows totaling more than $22 million this week, exceeding last week’s $20 million. This growth has resulted in cumulative net inflows of $661 million and net assets of $950 million.
Solana price technical analysis
The daily timeframe chart shows that the SOL price has been in a strong downward trend in the past few months, moving from a high of $252 in September to the current $130.
Solana has formed a bearish flag pattern. It has already completed forming the flagpole and is now forming the flag section.
The token has formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages have crossed each other.
Therefore, the token will likely have a strong bearish breakout, potentially to the psychological level at $100. This view will be confirmed if it moves below the key support level at $122, its lowest level on Nov. 21 and Dec. 1.
The bearish Solana price forecast will become invalid if it moves above the upper side of the flag pattern at $147.