Solana’s price is showing renewed strength as ETF inflows surge above $650 million, signaling rising institutional confidence. The cryptocurrency has gained 10% in the past 24 hours and is now trading above the $140 level, continuing its bullish trend after a week of consolidation. Market analysts suggest that Solana could rally another 25% if the current momentum holds.
The broader crypto market has also bounced back by more than 7% after a steep monthly decline, with Bitcoin, Ethereum, XRP, ADA, and Dogecoin all demonstrating improved performance.
Recent ETF data reveals consistent demand from major issuers. Solana spot ETFs reported over $45.7 million in new inflows during the latest session, bringing total inflows to $651 million. Bitwise leads the pack with $574 million added to its BSOL fund, followed by smaller but steady contributions from Grayscale, Fidelity, VanEck, and 21Shares. Daily activity showed Bitwise collecting $29.4 million, Grayscale $6.3 million, and Fidelity $6.9 million, while VanEck and 21Shares also saw moderate gains. These figures highlight increasing institutional interest in Solana’s long-term outlook.
Technical indicators further support the bullish view. Analysts note that Solana has broken above a key descending trendline on the 4-hour chart, a sign that buyers have regained control. This price movement is considered a strong bullish signal, suggesting that further upside is possible if momentum continues.
Currently, SOL is testing the $150 resistance zone, a level that has previously halted multiple rallies. The latest rebound from the $130 support level has renewed optimism among traders who are monitoring a potential breakout. Momentum indicators strengthen the bullish case: the MACD has moved above the signal line, the histogram continues to rise, and the RSI has climbed to 63, showing increasing buying pressure.
A confirmed breakout above $150 could open the path toward higher targets at $170 and $180, aligning with expectations of a possible 25% upward move. However, if the current strength fades, Solana may return to the familiar support areas below.
