$SOL

Will the rise in SOL price increase institutional interest?

Completed

📌 Key Points

SOL Price Rise: The current price of Solana is $138.51 after a surge driven by the launch of instant ETF funds by institutions like Fidelity.

Institutional Interest: Large inflows into SOL's ETF products show an increase in institutional appetite, with over $4.2 billion entering in the short to medium term.

Market Interconnection: Currencies like BTC and ETH are experiencing institutional selling pressure, but SOL's rise has given it a relative advantage that could enhance its market share, while movements in XRP and DOGE can be leveraged for short-term trading opportunities.

🎯 Opportunities

Institutional Messages (利好📈)

Launch of Instant ETF for SOL: Approval and launch of several ETF funds backed by Solana increases the legitimacy of the project in front of major investors.

Capital Inflows: On-chain data indicates the entry of an institutional wallet worth $14 million, which could raise demand levels.

Positive Side Impact: With BTC and ETH declining, some institutional funds may shift towards alternative assets like SOL, SUI, and ADA in search of higher returns.

Technical Analysis (利好📈/利空📉)

Strong support at $130: If institutional buying continues, breaking the resistance at $146-148 may open the way to higher levels.

Momentum Indicators: Active buying ratios exceed selling by 7%, indicating the likelihood of continued upward movement.

Wider Market: BTC's drop below $91,000 and ETH's pressure provide opportunities for speculation on a short rebound.