Solana ETFs show strength, but SOL price lost its yearly uptrend: Is $120 next?

2 hours ago

Key takeaways:

The spot Solana ETFs commencement beardown by drafting implicit $400 cardinal successful play inflows.
SOL broke its 211-day uptrend, slipping beneath cardinal moving averages.
Failure to clasp $155 could nonstop SOL terms into the $120–$100 range.

Spot Solana (SOL) exchange-traded funds (ETFs) commencement their trading travel with strength, posting grounds affirmative inflows that underscored organization request for the network’s autochthonal asset.

On Monday, spot SOL ETFs recorded a regular precocious of $70 cardinal successful inflows, the strongest since launch, taking the full spot ETF inflows to $269 cardinal since its debut connected Oct. 28.

Cryptocurrencies, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch, Solana

Data from Bitwise indicated that 2 Solana ETFs, Bitwise’s BSOL US Equity and Grayscale’s GSOL US Equity, collectively attracted $199.2 cardinal successful nett inflows (excluding effect capital) during their archetypal week.

Bitwise’s BSOL ETF led the charge, amassing $401 cardinal successful assets nether absorption (AUM) by Oct. 31. That fig represented implicit 9% of full planetary SOL ETP AUM and 91% of planetary SOL ETP flows past week. In contrast, Grayscale’s GSOL US Equity drew lone $2.18 million, accounting for astir 1% of full ETP flows.

Globally, play nett inflows into Solana ETPs surpassed $400 million, marking the second-highest play inflow connected record. Bitwise’s Solana Staking ETF (BSOL) was besides the top-performing crypto ETP globally, ranking 16th among each ETPs crossed plus classes for the week.

Currently, the full Solana ETP AUM stands astatine $4.37 billion, with US-listed products accounting for the bulk of caller investment. According to Bitwise’s estimates, a $1 cardinal nett inflow could correspond to a imaginable 34% summation successful SOL’s price, assuming a beta sensitivity of 1.5.

Solana terms breaks cardinal downtrend: Will it driblet different 20%?

Despite the grounds inflows, SOL’s terms enactment turned sharply bearish this week, falling implicit 16%, dropping to $148.11 connected Tuesday, its lowest level since July 9. The correction besides broke a 211-day uptrend that began connected April 7, with the $95 level serving arsenic the yearly low.

Solana is presently investigating a regular bid artifact betwixt $170 and $156, an country with constricted support. The downturn has pushed the terms beneath the 50-day, 100-day, and 200-day EMAs, signaling imaginable bearish confirmation connected the regular chart.

With liquidity lows astir $155 present being tested, SOL could signifier a mean reversion betterment if buyers support this zone, particularly arsenic the comparative spot scale (RSI) hits its lowest level since March 2025.

However, acceptance beneath $160 and a nonaccomplishment to clasp $155 could exposure the adjacent downside people betwixt $120 and $100, marking a deeper correction signifier unless a short-term rebound materializes soon.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

View source