Solana surges 15% on ETF fund inflows… Watch for it to recover to $100

Solana (SOL) flows into $39.23 million through spot trading exchange-traded funds (ETFs), surging nearly 15% last week. As institutional funds flow back in, on-chain activity and derivatives trading have also become more active, and market expectations for a “$100” recovery are strengthening.

According to CoinGlass data, last week Solana spot ETF net inflows reached $39.23 million. This is the largest weekly inflow since mid-January and is interpreted as a clear sign of improved institutional investor sentiment toward Solana. As of local time the 13th, Solana’s trading price was slightly above $95.

In the market, not only spot trading but also derivatives indicators support a bullish trend. CryptoQuant analysis points out that while the overheated spot and futures markets have cooled slightly, buy-side dominance has appeared in the futures market. Additionally, Solana’s funding rate turned positive since Sunday, rising to 0.0067% on Monday. Typically, when the structure shifts to pay long positions over short positions, it indicates a market-wide bullish outlook.

Open interest (OI) is also increasing rapidly. According to CoinGlass data, Solana futures OI grew from $4.83 billion on May 5 to $6.46 billion on Monday. New capital inflows have driven increased trading participation. From a technical perspective, Solana is moving above the 100-day exponential moving average (EMA) at $93.87 and the 50-day EMA at $87.51, indicating a short-term bullish trend.

However, short-term resistance should not be underestimated. The next key zone is around $98.53. If the daily closing price breaks through this level, it could open further upside toward the $108.12 to $110.62 range. Conversely, if a pullback occurs, support levels at $92.11 and $87 will be critical defenses. Institutional fund inflows, bullish derivatives market signals, and technical breakthroughs will jointly determine Solana’s next move.

Article summary by TokenPost.ai
🔎 Market interpretation
Solana has received approximately $39.23 million in inflows via spot ETFs, indicating a recovery in institutional demand. On-chain activity and derivatives indicators are also improving, and market expectations for a trend reversal rather than a simple rebound are increasing.

💡 Strategy highlights
Whether it can break through the short-term resistance at $98.53 is a key turning point. If it breaks through, the upside potential opens to the $108 to $110 range; if it falls below support levels at $92 and $87, a short-term correction should be considered. Monitoring ETF fund flows and open interest (OI) growth remains crucial.

📘 Terminology explanations
Spot ETF: A fund traded based on actual held assets
Funding rate: A cost indicator used in futures markets to balance long/short positions
Open interest (OI): The total value of open futures contracts, indicating market participation
EMA (Exponential Moving Average): An average that gives more weight to recent prices, used to identify trends

💡 Frequently Asked Questions (FAQ)

Q. What is the core reason for Solana (SOL) price increase? The recent rise is mainly driven by approximately $39.23 million inflow through spot ETFs. Additionally, increased on-chain activity and buy-side dominance in derivatives markets have jointly strengthened the upward momentum.
Q. Why are the funding rate and open interest increases important? The shift to positive funding rates indicates growing market bullishness. Meanwhile, rising open interest (OI) suggests new capital inflows and expanding market participation.
Q. What are the key points determining future price direction? In the short term, whether it can break through the resistance at $98.53 is critical. A breakout could open further upside; if support levels at $92 and $87 are broken, a correction phase may ensue.

TP AI notes: This article summary is generated based on the TokenPost.ai language model. It may omit key content or differ from actual facts.