Solana dey show strong on-chain activity and ETF inflows — na wetin, SOL dey undervalued?
Solana (SOL) still about 72% down from e peak but dey show steady on-chain activity and small spot-ETF inflows wey dey suggest say e resilient despite price weakness. Earlier reports talk say ETF inflows small and steady (weekly inflows drop from >$100m at launch to ~$20–25m since Dec 2025) and minimal cumulative outflows (~$11.3m over two weeks) during recent drawdown. Updated on-chain data widen the picture: Solana process roughly $108bn DEX volume over past 30 days (vs. Ethereum ~$63.7bn), with January volumes hit $117bn. In the last 24 hours Solana generate ~$3.1m app revenue (vs. ETH $2.95m), record 2.17m active addresses (vs. ETH 682k) and post ~$722k chain fees (vs. ETH $356k). Real-world asset (RWA) exposure on Solana reach $1.71bn, up 45% in 30 days. Technicals show key support zones between $51–$80 (including 0.75 Fibonacci around $60–$70) and resistance near $120; dense realized cost-basis dey for current price band with next concentration at $20–$30. Traders suppose to monitor ETF flows, DEX volume trends and daily closes around $51–$80 support band and $120 resistance. News show valuation gap: strong network activity and steady ETF positioning dey contrast with bearish price structure. Short-term trading risk still high; long-term upside depend on whether on-chain demand go convert to sustained buy-side pressure. This na no investment advice.
Neutral
Di report dem mix signal for SOL price. Bullish tins: high DEX volume, more app revenue, plenty more active addresses, rising RWA exposure and steady (even if smaller) spot-ETF inflows dey show steady demand and network use we fit support re-rating over time. Bearish tins: SOL don drop well from e ATH, realized-cost clusters for the current price band mean sellers and weak hands fit hold down the downside, and technical structure still get clear resistance (~$120) with immediate support for the $51–$80 band. For short-term trading, the setup risky — price fit remain rangebound or go lower if ETF flows and on-chain activity no convert to buy-side liquidity. For long-term investors, sustained on-chain metrics and steady ETF positioning give reason to say e undervalued, but that one depend on macro risk appetite and wider market liquidity. Considering these opposing forces, net near-term impact neutral: indicators support possible upside but no clear confirmation for a bullish breakout yet.