Solana ETFs Attract $31M While Crypto Funds Lose $173M, Is SOL Preparing for a Potential Rally
While digital asset funds have recorded large outflows for the fourth week in a row, Solana (SOL) has become one of the few assets still attracting new investment.
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Similarly, SOL’s price action shows the token locked in a tight consolidation range around $85, leaving traders closely watching for a decisive move. The latest data also shows that Solana’s ETFs pulled in about $31 million in weekly income, just as broader crypto investment products lost $173 million.
SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview
Solana ETF Entry Stands Out Amid Broad Market Pullback
According to reports flowing in, cryptocurrencies have faced continued selling pressure, with the United States leading the withdrawals while Europe and Canada recorded inflows. Despite its broad risk-averse nature, Solana attracted new capital alongside a small group of other assets.
Income raises the institution’s ongoing interest in managed investment vehicles, which often require exposure to real estate or derivatives tied to the underlying asset. Analysts note that such flows can provide sustained demand, even when short-term market sentiment remains uncertain.
However, ETF demand has not yet translated into clear price returns. Solana continues to trade within a compressed range between $77 and $90, indicating indecision among market participants.
SOL Price Holds Key Support As $92 Remains Key Resistance
Technically, the SOL price has entered a consolidation phase after failing to sustain momentum above $90. The token is currently trading above the $85 region, supported by buyers protecting the $82 level.
The short-term charts show a bullish channel, resistance at $88 and a major barrier at $92. Analysts widely view a confirmed break above $92 as necessary to initiate a strong rally, with potential targets around $95 and $102.
On the other hand, failure to hold support could expose lows near $76.50 or even $72. Some technical models are also pointing to a bearish flag, suggesting a possible 25% drop to the mid-$60s if selling pressure accelerates.
Momentum indicators are showing mixed signals. Oversold readings across several oscillators indicate that selling may have weakened, but trend strength indicators still confirm that the broad decline remains intact.
Network Growth and Long-Term Outlook Keep Bulls Interested
Despite the price weakness, on-chain development continues to attract attention. The total amount locked in the network has reached a new high, and institutional testing with the blockchain has expanded, indicating the continued activity of the ecosystem.
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Long-term estimates remain different. Some analysts see evidence of accumulation patterns and may support recovery if the main resistance levels are recovered, while others warn large conditions and reduced appetite may limit the rise in the near term.
Cover image from ChatGPT, SOLUSD chart from Tradingview
