Solana Price Eyes $200 as Institutional Demand Strengthens.

Solana price is regaining traction as institutional investors show renewed confidence, hinting at a potential move toward the $200 level. Despite a 15% weekly drop, the token has maintained stability between $150 and $160.

Bulls are fiercely guarding this very important area of support, which could be indicating the market is about to turn bullish. As institutional demand gains momentum, there is hope that Solana may recover following several weeks of sideways consolidation in crypto market.

Solana ETF Inflows Surge As Institutions Accumulate

Solana exchange-traded funds (ETFs) have also experienced a high rate of institutional buying pressure with inflows of over 29 million today.

Total inflows have exceeded 323 million during the last eight days, which shows a steady increase in investor confidence. The rising amount of inflows is an indicator of the rising institutional flow and strengthens Solana within the market of digital assets.

Current ETF flows indicate that the concentration of the large financial institutions is gradually increasing, and the interest to Solana blockchain ecosystem is not fading.

This explosion, according to analysts means that Solana is getting a broader recognition in regards to its performance and value prospects in the long run. The SOL price appears to be actually starting to roll with institutional investors and other interested parties for its constant inflow of capital amid U.S. Shutdown.

Solana ETF holders were confident enough even when the markets were less sanguine because the BitwiseInvest Solana ETF (BSOL) had received new investments of $29.2 million today. The active investment process resulted in total $BSOL inflows exceeding a dollar 300 million since the start of last week.

Analyst Predicts Potential Solana Price Rebound

According to crypto analyst, Solana price has just entered one of the most important demand zones after a lengthy period of consolidation. SOL is beginning to exhibit some indicators of a possible rebound with buying taking place at the range of $150 to $160. This interest revival points to market participants possibly gearing up towards a short-term turnaround.

In case price of Solana continues to resist at its current level, analysts expect possible price recovery to the $175-$185 price level. Such a trend may be an indication of a temporary bullish trend in case the markets are favorable.

Is Solana Price Preparing for a Breakout Toward $200?

At the time of writing, the SOL price hovered at $157, posting a 0.79% in the past 24-hour.

If Solana price breaks decisively above $170, it could aim for $185 initially and then test $200 as an extended upside target. As the Institutional demand strengthens, the Solana long-range prediction looks bullish.

On the downside, a close below $150 might expose $140 as the next support, potentially deepening the correction toward $130 if selling accelerates.

The MACD indicator indicates a narrow bearish momentum. The MACD line is on the verge of crossing over with the signal line and there may be a change in short-term direction. The trend however is fragile until a definite break out is seen that would prove the renewed buying strength. The RSI is approximately 37 right above levels of oversold.