Solana Price Poised for 25% Rally as ETF Inflows Surge Past $650M

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Solana Price Poised for 25% Rally as ETF Inflows Surge Past $650M

Highlights

  • Solana ETF inflows exceed $650 million, strengthening institutional demand outlook.
  • Solana price regains momentum after a breakout above major descending trendline resistance.
  • Bullish indicators suggest a potential 25% rally toward $170 and $180.

Solana price has jumped by 10% in the past 24 hours as the broader crypto market stages a sharp recovery. SOL price trades above the $140 mark. Solana is on a solid bullish trend after a price consolidation week. Analysts are optimistic that SOL might climb by another 25% as the ETF inflows into the asset have topped more than 650 million.

In the meantime, the general crypto market has recovered by more than 7% following a decline of over 15% monthly. BTC, ETH, XRP, ADA, and DOGE are also major tokens that demonstrate new strength and upward movement.

Solana ETFs Record Strong Inflows as Total Surpasses $651 Million

The Solana spot exchange-traded funds recorded good activity after the net inflows increased to over 45.7 million in the most recent trading session. The recent trend has increased the total Solana ETF inflows to $651 million, which is an indication of consistent demand among key issuers.

The group was still headed by Bitwise, with its BSOL fund getting a cumulative inflow of $574 million. There were also inflows at Grayscale, Fidelity, Vaneck, and 21Shares, but at lower amounts than those of Bitwise.

Day in, day out, reports indicated that Bitwise gained $29.4 million, Grayscale was making $6.3 million, and Fidelity was attracting $6.9 million. Vaneck and 21Shares recorded the additions of new money of $2.7 million and $0.4 million, respectively, though they had recorded negative figures on a cumulative basis.

The inflows are high, which shows that institutional confidence in the market presence of Solana and the overall market outlook is increasing.

Solana Price Rally Hopes Rise as Analyst Notes Key Breakout

Crypto reports that the bulls of Solana have recaptured a major technical indicator on the 4-hour chart. He observes that the price has returned above a significant downward trendline that once limited the upward movement. This change indicates better mood and an increase in purchasing power of the market.

According to the analyst, the breakout could be an indicator of new upward pressure. He also makes an indication that this could be continued to greater heights in case the buyers keep on this momentum. His line graph depicts a projective movement, which represents optimism on additional profits.

Will SOL Price Rally To $180 Amid Bullish Trend?

SOL price surged to $141 as buyers pushed the token toward a key resistance cluster that has capped several rallies in recent weeks. The move followed a sharp rebound from the $130 support zone, which sparked renewed interest among traders watching for a breakout.

The most recent trading indicates that SOL is currently testing the resistance of $150, which had previously rejected the upside attempts.

Momentum indicators favor the bullish change. The MACD line had moved above the signal line and was still increasing, indicating that it has an upward momentum. 

The histogram moved further into the positive as well. The RSI was rising into 63, indicating a developing buying pressure with the aim of approaching the overbought area.

Solana Price Poised for 25% Rally as ETF Inflows Surge Past $650M
Source: SOL/USD 4-hour chart: Tradingview

Any clean move beyond this barrier would also reveal greater targets of $170 and $180; this may also result in an upward trend of 25%. Failure to maintain the recent momentum could bring price action back to familiar support. 

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Frequently Asked Questions (FAQs)

1. What is driving the recent surge in Solana’s price?

Solana’s price is rising due to strong ETF inflows, improving market sentiment, and a technical breakout above key resistance levels.

2. How much have Solana ETF inflows reached so far?

Total Solana ETF inflows have surpassed $651 million, signaling growing institutional interest.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

SOL

Solana

$142.0584 7.69% (24h)

24 Hours volume

$6.72B

Market Cap

$79.52B

Max Supply

NA

Buy $SOL with MEXC
About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.