Record $39.5M Solana ETF Inflows Bolster Institutional Confidence

Solana's Recovery Supported by Institutional Demand

Solana (SOL) sees a resurgence, bolstered by institutional interest and stability in its support levels.
Bitwise's Solana ETF experienced a record $39.5 million inflow, indicating a shift towards high-utility blockchain assets.
Despite broader market outflows totaling nearly $1.94 billion, institutions are reallocating capital to Solana for its real-world functionality.

Solana SOL SOLUSD

Solana Price Movements and Market Sentiment

Solana rebounded from $121.50 to the $135–$140 range, marking a 14% recovery.
The $125–$130 support zone remains critical for Solana's market structure.
Derivatives markets show caution with negative funding rates and declining open interest.
On-chain activity is strong, with a 13% increase in active addresses and daily transactions over the past month, contrasting Ethereum's decline.

Outlook and Potential Targets

If Solana maintains the $125 support level, it could see a broader recovery.
Potential upside targets include $163, $170, and $195–$243.
Record institutional investments reflect confidence in Solana's long-term value despite macroeconomic challenges.

Solana continues to demonstrate resilience and utility, potentially challenging higher resistance zones soon.