Overview
Solana price has seen a 2% increase, reaching $142.27 in the last 24 hours, following a brief recovery. The price remains above the $140 level, showing Solana price has seen a 2% increase, reaching $142.27 in the last 24 hours, following a brief recovery. The price remains above the $140 level, showing signs of renewed strength.
Recent Momentum
This wave comes as Solana rebounds sharply off a major support zone, and investors are optimistic that a bigger trend reversal will take place. The token has been able to overcome the overall crypto market slowdown and is resilient. The Bitcoin price hovers around $91k, with the SOL price looking at more gains, with traders looking at the $200 mark.
Investor Flows into Solana ETFs
Solana spot ETFs recorded a high net inflow of over $55 million, one of the highest net inflows in two weeks. The majority of these inflows were the product of the BSOL ETF of Bitwise, which is still a trend of positive flows. The overall streak of inflows has now reached 16 days. The ETFs of other issuers, such as Grayscale, Fidelity, VanEck, and 21Shares, also contributed strongly, indicating the emerging interest by investors in assets based on Solana.
🚨ETF DATA: @Solana spot ETFs recorded over $55M in net inflows yesterday, one of the largest in two weeks, with most coming from @BitwiseInvest’s BSOL. This extends the streak to 16 consecutive days of inflows. pic.twitter.
Key Takeaways
- Solana has regained some positive price action after testing a major support zone.
- Market attention is turning toward a potential move toward the $200 area, contingent on continuation of momentum and broader market strength.
- Inflow data into Solana-based ETFs suggests growing institutional and retail interest in SOL-linked products.
Note: ETF inflows noted here reflect recent data and may evolve with market conditions and product availability across issuers.
Author's summary
Solana shows renewed strength after testing support, with ETF inflows reinforcing bullish sentiment and traders eyeing a potential move toward $200 if momentum persists.