Institutional Demand Pushes Solana Price Higher

Strong institutional demand has driven Solana's (SOL) price higher, with US-listed spot ETFs attracting $1.22 billion in cumulative net inflows. This influx of capital has sustained market demand for SOL and supports liquidity, contributing to buying pressure.

The largest inflows have been seen in Bitwise's BSOL, which features a staking component, highlighting the preference among investors for yield-focused Solana exposure.

Technical analysis suggests that SOL trades in a bullish structure with strong momentum, buyer dominance, and an expected range of $94.84 to $115.47 over the next several days.

The nearest technical support for SOL is defined by the MA-20 at $97.55 and MA-50 at $92.25, while longer-term support sits near $81.38.