SOL Seeks Breakout at $100 Amid Governance Vote and ETF Inflows

Solana's SOL token has been steadily increasing in value as its price approaches a crucial resistance level of $100.

The recent uptick can be attributed to two key factors: an on-chain governance vote and renewed spot Solana ETF inflows. According to data, spot Solana ETFs have recorded net inflows for the past three consecutive trading days as of March 2025.

This surge in institutional demand could potentially boost SOL's price above $100, with a next resistance level at $110 if that level is cleared. However, market volatility may still trigger a retest of lower supports.