Solana price is regaining momentum as ETF inflows surge, signaling renewed institutional confidence and a potential push towards the $200 mark.
Despite recent volatility across the crypto market, Solana has quietly regained attention as institutional investors pile in through spot ETFs. The latest $137 million inflow, led by Bitwise’s $BSOL, signals growing confidence that Solana could be entering its next major expansion phase.
ETF Inflows Fuel Solana’s Renewed Momentum
Institutional interest in Solana continues to strengthen as SolanaFloor reports that Solana spot ETFs were the only crypto ETFs to record positive inflows last week, adding over $137 million. The majority came from Bitwise’s $BSOL, which led with $127 million in inflows. Meanwhile, Bitcoin and Ethereum ETFs faced outflows, underscoring Solana’s growing dominance in institutional portfolios.
Solana outshines Bitcoin and Ethereum as the only crypto ETF posting positive inflows last week. Source: SolanaFloor via X
These persistent inflows signal rising investor confidence, suggesting that smart money is positioning for Solana’s next expansion phase. With capital consistently rotating into staking-enabled products, Solana appears to be consolidating as the preferred high-performance blockchain among fund managers.
Momentum Shifts as Technicals Turn Favorable
A sharp technical rebound is unfolding as robo’s chart highlights Solana’s clean recovery from last week’s flush. Solana price is forming higher lows within a well-defined ascending channel, while Bollinger Bands are beginning to expand again, often a precursor to volatility resumption.
Solana forms higher lows as Bollinger Bands expand, hinting at a potential bullish breakout. Source: robo via X
If the SOL price holds above $166, the setup opens room for a push towards $175 or even $180, marking the upper channel resistance. The combination of structural recovery and increasing volatility suggests bulls are regaining control, potentially setting the tone for a renewed uptrend.
Critical Support Reinforced by On-Chain Data
On-chain distribution data shared by Ali Martinez points to $147.49 as Solana’s most critical support level. Glassnode’s realized price distribution reveals a heavy concentration of long-term holders within this range, indicating that it’s a strong base of demand.
$147.49 emerges as Solana’s key on-chain support, backed by strong holder accumulation and limited downside risk. Source: Ali Martinez via X
Historically, Solana price has seen strong rebounds from similar high-density accumulation zones. As long as this level holds, downside risk remains limited, further strengthening the bullish case built by ETF inflows and improving technicals.
Key Levels Define Solana’s Next Move
Adding to this structure, TraderSZ’s latest chart shows Solana price holding above short-term demand around $163 to $166, with resistance clusters forming between $195 and $227. A breakout above this mid-range could set up an eventual push towards the $243–$260 region.
Solana holds firm above key demand at $163–$166, with upside targets stretching towards the $243–$260 zone. Source: TraderSZ via X
The recent SOL bounce appears to mirror a broader shift in sentiment, as price consolidates near the higher end of its multi-week range. Sustaining momentum above $166 could validate this bullish structure, keeping the broader trend intact.
Final Thoughts: Can Solana Price Reclaim $200?
Solana’s market outlook is beginning to align across technical, on-chain, and institutional fronts. ETF inflows have reignited confidence, technical structures show steady recovery, and on-chain data underscores strong foundational demand.
Solana current price is $167.91, up 7.81% in the last 24 hours. Source: Brave New Coin
If Solana price continues to hold above the $160 zone and ETF inflows remain steady, it could reclaim $200 in the coming days, reaffirming SOL’s strong position.