Solana Price Consolidation Expected Amid Mixed Intraday Signals

Solana's price has been trading at $97.55, down 4.63% from its current price of $100.31.

The cryptocurrency is currently below its short- and medium-term moving averages but remains above its long-term trend levels.

Institutional inflows into Solana spot ETFs in the United States have been positive for seven consecutive weeks, adding over $153 million in the past week alone.

DeFi Development Corp. has announced a $20 million preferred stock offering to expand its SOL holdings, and a new governance proposal aims to accelerate disinflation and reduce future token supply.