Solana Holds Above $100 as Crypto ETFs See Massive Inflows
Solana has maintained its price above $100 despite a broader decline in the crypto market. The altcoin's resilience is partly due to strong institutional interest, as evidenced by $1.3 billion inflows into crypto ETFs last week.
The Solana ETFs attracted $11 million in daily inflows, with total assets reaching $1.46 billion. This trend has continued for six weeks, signaling a sustained interest from investors.
Technical indicators suggest that $100 is a critical support level for Solana. If momentum strengthens, the price could rise to $120. However, a drop below $100 could lead to a correction toward $95 or lower.