Breaking! Solana ETF attracted over $15 million in a single day, is this the prelude to a surge?
Yesterday, the Solana spot ETF recorded a net inflow of approximately $15.68 million, with Bitwise's BSOL single product contributing over $12 million. The inflow of funds is a positive signal, indicating that institutions or large capital are still paying attention to this asset, but whether the daily data can form a trend needs further observation.
In terms of price, SOL is currently fluctuating around $132, remaining within the recent volatility range. Technical indicators show that short-term momentum is weak, with $140 being a key resistance level. If it can break through with volume, it may open up space to test $150-$160 upward. On the downside, it is crucial to hold above the $130 level; if it breaks below, it may test support around $120.
My personal view is that, given the overall market sentiment remains cautious, the difficulty for SOL to rise significantly on its own is high. The ETF inflow can be seen as a form of support but is not sufficient to constitute a reason for immediate chasing. If you already hold, you can pay attention to the price performance around $140; if you consider entering, it might be wise to wait for more clear directional signals or to gradually accumulate when it pulls back to the support area. Always maintain position management and avoid chasing blindly.
The market has experienced a sharp decline, with blood flowing in the streets; I will prepare some strong coins suitable for bottom fishing as a recovery plan. Those who want to follow the strategy can join the chat room. @Alpha金手指
