- Solana ETFs recorded $15.68M in inflows led by Bitwise, which alone added $12.18M and now holds $593M in historical inflows, signaling rising institutional demand.
- Despite strong inflows, SOL trades around $133 and remains below key moving averages, with indicators leaning bearish and suggesting a short-term range between $120 and $142.
- Analysts say a break above $146.80 could spark bullish momentum toward $150–$160, while a drop below $130 risks a deeper slide into the $120 zone.
Solana’s spot ETFs just logged another wave of inflows, pulling in $15.68 million on December 5th — a pretty solid number considering the broader market’s shaky mood. According to SoSoValue, the Bitwise SOL ETF once again carried the whole field, grabbing $12.18 million in a single day. That pushes Bitwise’s historical inflows to $593 million, which is insane growth for a product that didn’t even exist a year and a half ago.
Fidelity’s Solana ETF also joined in with $3.49 million in fresh inflows. Even with that momentum, SOL didn’t really get the price reaction traders hoped for. The token is trading around $133.03, down about 4% over the past day, and sitting under all the major moving averages — the 20-day at $135.82, the 50-day at $159.25, and the 200-day at $177.61. The indicators basically say the trend is still down.
Bigger Developments: A New ETF and Major App Integration
Franklin Templeton dropped its own Solana ETF on NYSE Arca, giving investors another regulated way to access SOL — plus staking rewards on top, which is something traditional ETF buyers aren’t used to seeing.
Meanwhile, Revolut — yeah, the app with 65 million users — rolled out native Solana support. That means sending SOL, paying with SOL, staking SOL… all directly inside the app. Pretty huge for mainstream accessibility.
That said, not all ETFs saw inflows. The 21Shares SOL ETF recorded its first net outflow since it launched, hinting that some investors might be repositioning or taking profits.
Key Price Levels: Where SOL Could Go Next
Analysts are keeping things pretty tight when it comes to expectations. Right now, resistance sits around $140, then $150, and $160 if momentum picks up. On the downside, support is near $130 and then $120. If $130 breaks cleanly, the chart starts leaning toward deeper corrections.
Most traders think SOL is trapped in a $120 to $142 range for now — a zone shaped by recent volatility and overall market fatigue. The Ichimoku Kijun sits at $146.80, acting like a dynamic wall that’s capped almost every bounce.
Multiple timeframe indicators lean bearish, suggesting maybe a 20% chance of a breakout at best. Momentum tools like MACD and ADX still show sellers in control. The Awesome Oscillator is basically stuck, not giving strong signals either way, and BBP shows intraday action dominated by sellers.
Short-term oscillators like Stochastic RSI and CCI aren’t showing clean oversold conditions, meaning there’s no strong reversal trigger yet.
Is $150–$160 Still Possible?
Some analysts still believe SOL could stretch toward $150–$160 within the next few weeks — but that depends on consolidation holding and the market not rolling over again. Viktoras Karapetjanc from Traders Union pointed out that the price action is bearish, no doubt, but institutional appetite hasn’t slowed down at all.
A move above $146.80 would flip a lot of signals bullish. A move below $130 likely tumbles SOL toward the $120–$125 zone.
But regardless of short-term turbulence, there’s one clear takeaway: institutional money keeps flowing into Solana. The Bitwise SOL ETF’s $593 million total inflows basically prove that big players aren’t ignoring this network — in fact, they’re doubling down on it.
