Solana ETF Inflows Top $320M as SOL Holds $150, Eyes $180
Solana ETFs, led by Bitwise’s BSOL fund, have recorded over $320 million in net inflows across eight consecutive days, adding $29.2 million today despite SOL’s near-17% weekly decline. SOL rebounded 5.3% intraday as price held the $150 support level, trading around $155 with a market cap of roughly $85–90 billion. On-chain metrics show Solana dApps generated $4.34 million in 24-hour revenue—more than double Ethereum’s $1.82 million—underscoring network demand. Technical analysis reveals consolidation between $145 and $155 and a recent test of a breached channel trendline near the $180 resistance, aligned with the 200-day EMA. Key resistance levels sit at $180, $200, $230 and $290. Analysts view the sub-$160 zone as a prime accumulation area. A decisive breakout above $180 would confirm a sustained SOL recovery; failure could trigger retests of $150 or drop toward $125. Sustained Solana ETF inflows and strong on-chain metrics underpin a bullish outlook for SOL.
Bullish
Sustained ETF inflows exceeding $320 million coupled with SOL’s intraday rebound and strong on-chain revenue signal robust institutional and network demand. Technical patterns show consolidation at key support ($145–155) and a test of the $180 resistance aligned with the 200-day EMA, highlighting a potential breakout trigger. In the short term, this may drive a rally above $180. In the long term, continuous capital inflows and active developer activity underpin a bullish trajectory for SOL.