Solana Nets $10.67M Spot ETF Inflows as SOL Eyes $159 Breakout
Solana (SOL) attracted renewed institutional interest as spot ETF inflows totaled $10.67M, part of a selective rotation of capital across crypto ETFs (Bitcoin ~$117M, Ethereum ~$5.04M, XRP ~$15.04M). SOL traded higher — roughly $141–$142 in the latest update — with daily volume rising above $6.6B and market cap above $80B. Technicals show a bullish bias if SOL holds and closes above key levels: a sustained close above $144.63 would open a path toward a $159.10 breakout target, while intraday triggers around $141.3–$144.6 are being watched by traders for confirmation. Conversely, daily bearish divergence raises the risk of a corrective pullback toward sub-$130 if momentum fails; defending $138 is key to neutralize that risk. Earlier reporting noted smaller ETF inflows (~$2.93M) and highlighted $118 as a critical weekly support, with resistance between $129–$140 and short-term trigger levels near $126–$132 — details that remain relevant for traders managing layered risk. Key takeaways for traders: monitor ongoing ETF flow trends for signs of continued selective risk-on, watch closes above $141.3 and $144.63 for upside confirmation, manage stops around $138 (near-term) and the longer-term weekly support levels (notably $118), and expect short-term price moves to be driven by liquidity sweeps and resistance clusters between $129 and $150.
Bullish
The combined reports point to a net positive price impact for SOL. Increasing spot ETF inflows ($10.67M) and higher trading volume coincide with price gains and higher market cap, signaling renewed institutional interest and selective risk-on rotation. Technicals present clear bullish triggers: closes above $141.3 and especially above $144.63 would likely draw additional buying and open a path toward the $159 breakout target. Short-term downside risks remain — daily bearish divergence and previously cited lower support levels (notably $138 near-term and $118 weekly) mean traders should expect possible corrective moves; however, the net effect of inflows and improved liquidity is to bias price action upward. Therefore, the immediate and medium-term outlook is bullish for SOL, conditional on holding key supports and achieving breakout confirmations.