Solana ETF Inflows Hit February High: Is $120 Next?
Cointelegraph
Solana spot ETFs see record inflows as rising futures interest and technical patterns suggest a potential price rally to $120.Summary
Solana (SOL) spot ETFs experienced their strongest weekly performance since February, drawing $39.23 million in net inflows, led largely by Bitwise’s BSOL. This surge in institutional demand is accompanied by a 29.5% increase in open interest in futures markets, signaling heightened trader confidence. Technically, SOL has broken above its 100-day exponential moving average and is forming an 'Adam and Eve' chart pattern. Analysts suggest that if the price successfully establishes the $95 level as support, the lack of significant resistance could facilitate a rally toward the $120 target.
(Source：Cointelegraph)