Investors have continued to pump capital into Solana ETFs for six consecutive weeks, despite a recent drop in price, signaling increasing institutional confidence that may pave the way for an imminent bullish breakout.
📈 Strong inflows despite the drop last week alone, Solana ETFs recorded a net inflow of $20 million, led by:
BSOL – Bitwise: The largest fund, with managed assets of $600 million.
GSOL – Grayscale: with assets worth $160 million.
These products benefit from staking yields on the Solana network, making them attractive to investors looking for passive income, especially after the price dropped to its lowest level in 8 months near $125.
💡 Double opportunity? With decreased chances of a downturn compared to previous months, buying Solana at these levels may represent an opportunity:
to collect staking yields,
and benefit from any potential price rebound after the Federal Open Market Committee (FOMC) meeting.
🔥 Solana (SOL) price analysis: the $160 barrier is key
The price of SOL surged to $140 before returning to $130 due to light selling pressure, while trading volumes remained weak at $4 billion (less than 6% of its market value).
🔍 Historically, Solana needs trading volumes exceeding $10 billion to initiate a strong upward movement.
📌 Pivot levels:
$130: strong support currently
$160: key reversal level → breaking it could end the downward trend
$200: the next target after confirming the upward trend
🐶 Strong interest in the Solana ecosystem – especially meme coins after the significant surge of meme currencies on Solana this year, interest now seems to be shifting towards new project launches.
One of the highlights is the Maxi Doge (MAXI) project, which has successfully raised $4.3 million so far, and is seen as one of the projects likely to gain momentum similar to the early days of Dogecoin.
📌 Summary:
The continued institutional flows into Solana funds, with the price approaching strong support levels, could pave the way for a reversal phase with a crucial condition: breaking through $160 with increased trading volumes.
