Solana ETF Inflows Surge Amid Bullish Technical Signals
Solana's price remains relatively flat at $75.87, despite a strong signal from spot ETFs that logged $8.8 million in daily net inflows on August 11.
This is the strongest single-day influx since May 12 and marks the end of several quiet months with minimal movement, according to Santiment.
The ETF flow arrives as Solana's fundamental metrics have been reaching milestones, including rising RWA value, stablecoin supply, tokenized equity volume, and perpetuals activity over the past two months.
Analyst Ali Charts flagged a Tom DeMark buy signal and MACD golden cross on SOL's daily chart, targeting $100 on a channel breakout. The setup resistance trendline is near $78.70, where breaking above could confirm all three signals simultaneously and set the trajectory toward $100.