- Solana ETFs attracted over $115 million in monthly inflows, signaling continued institutional demand.
- SOL remains above the key $80 support level, while tokenized RWA growth strengthens long-term fundamentals.
- A breakout above $83.50 could target $98 and eventually $108, while a drop below $80 may expose lower support zones.
Solana (SOL) continues to hover above the critical $80 level, managing to avoid a steeper correction as buyers step in during dips. While price action remains trapped in a broad consolidation phase, growing institutional interest and the rapid expansion of tokenized real-world assets (RWAs) on the network are strengthening Solana’s long-term outlook. Still, rising retail optimism has yet to translate into a decisive breakout, leaving SOL stuck under key resistance levels.
Institutional Demand for Solana Continues to Grow
One of the more notable developments surrounding Solana has been the steady inflow into spot SOL exchange-traded funds. While Bitcoin ETFs have suffered three straight weeks of outflows exceeding $1 billion, Solana-focused products continue attracting fresh capital.
Data from SoSoValue shows Solana ETFs recorded their fourth consecutive week of positive flows, adding another $2.36 million. Monthly inflows now stand at more than $115 million, extending a streak of positive net inflows that has remained intact since these products launched in October.
At the same time, Solana is quietly becoming a major player in the tokenized real-world asset market. According to RWA.xyz, the network now ranks as the third-largest blockchain for tokenized assets, trailing only Ethereum and BNB Chain. With approximately $2.74 billion worth of tokenized assets hosted on the network, Solana is benefiting from one of crypto’s fastest-growing sectors.
This combination of institutional accumulation and increasing real-world utility paints a fairly constructive picture for the longer term. Large investors appear willing to keep allocating capital even while price remains under pressure.
Retail Traders Stay Bullish Despite Market Weakness
Retail sentiment is also showing signs of improvement, although price performance hasn’t fully reflected that optimism.
According to CoinGlass data, Solana’s Open Interest has remained relatively stable around $5.37 billion over the past 24 hours. Meanwhile, the funding rate remains positive at 0.0093%, suggesting traders holding long positions are still willing to pay a premium in anticipation of higher prices.
That said, the derivatives market is sending mixed signals. Total liquidations over the last day reached roughly $4.02 million, with long positions accounting for $3.24 million of that figure. In other words, bullish traders have taken the majority of recent losses, highlighting continued selling pressure despite the optimistic funding environment.
The situation leaves Solana in a delicate position. Retail traders remain hopeful, but with price fluctuating near support, leveraged longs remain vulnerable to additional liquidation events if volatility increases.
Technical Indicators Suggest Bearish Pressure Is Easing
From a chart perspective, Solana remains locked in a sideways range after finding support near Thursday’s low around $80. The broader trend still leans bearish, however, as SOL continues trading below its major moving averages.
The 50-day, 100-day, and 200-day Exponential Moving Averages remain overhead between approximately $86 and $108, creating a cluster of resistance that bulls must overcome before any meaningful trend reversal can develop.
Momentum indicators, however, are beginning to show signs of stabilization. The Relative Strength Index (RSI) currently sits near 41, recovering from oversold territory and suggesting that bearish momentum is starting to cool.
Meanwhile, the MACD remains below the zero line but is gradually approaching a bullish crossover as negative histogram bars continue shrinking. That subtle shift indicates sellers may be losing control, even if buyers have not yet fully regained momentum.
Can Solana Push Back Toward $100?
For bulls, the first challenge remains reclaiming the $83.50 level, which previously acted as support before flipping into resistance. A daily close above that zone could open the door toward the 50-day EMA at $86.16 and the 100-day EMA near $91.62.
Beyond that, the February low around $98 represents a critical hurdle. That level repeatedly capped recovery attempts throughout both March and May. If Solana manages to break through it, attention would likely shift toward the 200-day EMA near $108, which remains the major barrier standing between SOL and a broader trend reversal.
On the downside, losing the $80 support level could quickly intensify bearish pressure. If sellers regain control, support levels around $75.63 and $67.50 become the next key areas traders will be watching.
For now, Solana sits at an important crossroads. Institutional money continues flowing into the ecosystem, tokenized asset growth remains impressive, and retail traders are leaning bullish. Yet until buyers reclaim major resistance zones, SOL remains trapped between strong fundamentals and a market structure that still favors caution.
