Solana (SOL) is showing renewed momentum as institutional investors continue to accumulate positions, suggesting a potential move toward the $200 mark. Despite a 15% weekly decline, Solana has remained steady within the crucial $150–$160 range, a zone that bulls are actively defending. This resilience indicates that the market could be shifting toward a bullish phase after several weeks of sideways movement.
Institutional demand for Solana has intensified, driven by a surge in Solana-based exchange-traded fund (ETF) inflows. Over $29 million poured into Solana ETFs today alone, pushing total inflows above $323 million in just eight days. The BitwiseInvest Solana ETF (BSOL) has been at the forefront, receiving $29.2 million in new investments today and surpassing $300 million in total inflows since last week. This consistent capital influx underscores growing investor confidence and institutional recognition of Solana’s long-term potential within the digital asset market.
Analysts highlight that Solana has entered a key demand zone following a prolonged consolidation phase, with buying activity emerging strongly between $150 and $160. If SOL maintains support above this range, analysts predict a short-term recovery toward $175–$185, possibly extending to $200 if bullish momentum strengthens.
At the time of writing, SOL trades at around $157, up 0.79% in the past 24 hours. A decisive break above $170 could open the door to higher targets, while a close below $150 might trigger a correction toward $140 or $130. Technical indicators such as the MACD show weakening bearish momentum, with a potential bullish crossover forming, and the RSI hovering near 37, signaling recovery potential.
With institutional confidence rising, Solana’s outlook appears increasingly bullish, positioning it as one of the most promising assets in the crypto market’s next upward phase.
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