Will recent ETF inflows allow Solana bulls to lift SOL above $100?

crypthub

about 2 hours ago

Institutional Demand Boosts SOL

Solana trades near $95, having held the $94 support level. Spot Solana ETFs logged a $19.07 million inflow, marking the seventh consecutive day of net inflows since early May. Continuous ETF buying signals growing institutional interest that could drive SOL toward the $100 psychological barrier.

Derivatives Sentiment Turns Bullish

Funding rates turned positive, reaching 0.0041% and indicating longs are paying shorts. The long‑to‑short ratio climbed to 1.06, approaching its highest level in a month. These metrics reflect a strong bullish bias among traders in the futures market.

Technical Outlook and Key Levels

SOL is above the 100‑day EMA (~$93.99) and the 50‑day EMA (~$88.17), having broken its parallel channel around $92.11. Momentum indicators show strength, with RSI near 60 and MACD above zero. Immediate resistance lies at $98.53 (38.2% Fibonacci), followed by $108.12 and the 200‑day EMA near $111.23; downside support would be $93.99, $88.16, and deeper zones around $77.12 and $67.50.