Similar to Bitcoin, Ether, and XRP, Solana's SOL has been underperforming since the start of the week. The bearish performance, which began on Sunday, has seen SOL drop below the $80 support level, extending its 6% drop from Monday amid increased sell pressure. However, the institutional support holds for Solana with Exchange Traded Funds (ETFs) expanding exposure, but the derivatives market shows that retail traders are still reluctant to open long positions. The technical outlook for Solana is bearish, with the bears eyeing the recent February 6 low of $67. Institutional investors flock to Solana amid market downturn SOL is down 4.5% in the last 24 hours and is now trading at $76.5 per coin.