Solana ETFs See Record Inflows Amid Price Surge
- Strong Inflows: Over the past week, Spot SOL ETFs recorded more than $39 million in net inflows, indicating growing confidence among traditional investors and crypto traders in Solana's potential upward movement, with SOL's price rising approximately 15% to near $97.
- Rising Institutional Interest: Analysts highlight that Bitwise's BSOL ETF saw net inflows of around $36 million last week, while Fidelity's FSOL ETF raised over $1.8 million in new capital, suggesting that large investors are gradually increasing their exposure to the asset.
- Active Derivatives Market: Solana futures open interest surged from $4.94 billion on May 1 to $6.4 billion, reflecting optimistic sentiment among traders regarding future price movements, while the cumulative volume delta in the spot market increased to nearly $250 million.
- Bullish Technical Outlook: Technical analysts note that SOL recently broke its 100-day exponential moving average, and with little resistance between $95 and $120, sustained buying pressure could propel SOL further towards the $120 region.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 68.407 | 75.818 | 83.587 | 90.998 | 98.767 | 106.178 | 113.947 |
| Fibonacci | 75.818 | 81.617 | 85.2 | 90.998 | 96.797 | 100.38 | 106.178 |
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