Solana Breaks $119 as ETF Inflows Hit Six Consecutive Sessions
Solana's price surged past $119 to reach $122 for the first time since January, supported by six consecutive trading sessions of Spot ETF inflows.
Since September 18th, Solana ETFs have attracted over $235.8 million in net inflows across six trading sessions, with Bitwise leading the charge at $55 million and Grayscale following closely behind at $18 million.
Earlier this month, AMBCrypto reported that ETF inflows were rising while holders were taking profits, causing Solana's price to dip to $112 before rebounding. However, this time around, selling pressure appears to have eased, with Solana's Delta remaining positive for two consecutive days and Exchange Netflow turning negative.
While the breakout faces an immediate test at $120, continued ETF inflows and a positive Delta could help propel Solana's price towards $130. If it slips below $120, $115 may become a more relevant target.