Solana ETF Inflows Drive Price Back Above $160
Solana price rebounded above $160, driven by a seven-day streak of Solana ETF inflows that totaled about $294 million for the week. U.S. spot Solana ETFs saw peak daily inflows of $70.05 million on Nov. 3, followed by $14.83 million on Nov. 4 and $9.70 million on Nov. 5—led by Bitwise’s BSOL ($7.46 M) and Grayscale’s GSOL ($2.24 M). This contrasts with outflows from Bitcoin and Ethereum ETFs, signaling institutional capital rotation toward altcoins.
Technically, SOL trades below its 9-day simple moving average of $175.85, with immediate support at $158 and a stronger floor near $150. A sustained break above $175 could target $180, while failure to defend the $155–160 zone risks a drop to $132.
Macro headwinds include the U.S. government shutdown entering its 37th day and an extreme Fear & Greed Index at 24, reflecting market caution. Additionally, shrinking stablecoin liquidity on Solana’s network may limit near-term upside. Traders should monitor ETF inflows and technical levels to gauge short-term momentum and potential bullish shifts.
Bullish
Sustained Solana ETF inflows and a price rebound above $160 indicate growing institutional interest, which is a bullish signal for SOL. In the short term, defending support at $155–160 and reclaiming the 9-day SMA at $175.85 could trigger further upside toward $180. Long-term, consistent ETF demand may underpin higher price floors, although macro headwinds like the U.S. government shutdown and low stablecoin liquidity introduce caution. Traders should watch inflow trends and technical breakouts to confirm momentum.