Solana-focused exchange-traded funds (ETFs) have seen inflows totaling $22.14 million this week, indicating sustained institutional interest. This influx of capital has helped maintain Solana's price support above the 50-day exponential moving average (EMA) at approximately $87.42. Despite trading below $90 on Friday, Solana closed at $89.05 in the previous session, showing signs of stability as buyers defended short-term support levels. Futures open interest for Solana has climbed to $5.53 billion, reflecting increased retail participation and heightened expectations of near-term price volatility. Technical indicators suggest moderate bullish momentum, with the MACD above its signal line and the RSI at 55. However, Solana must surpass the 100-day EMA near $98 to confirm a broader recovery trend. Institutional inflows and retail engagement in the derivatives market continue to support the current price structure, although significant resistance remains at the 200-day EMA around $117.
Solana ETF Inflows Reach $22M Amid Price Stability at $87 Support
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