Solana Price Seeks Support at $95 Amid Strong Network Growth and ETF Inflows

Solana's price has fallen to around $95 after a sharp drop from above $101.36, but analysts see signs of support for the altcoin.

The U.S. spot Solana ETFs have recorded nine straight weeks of net inflows, with more than $200 million entering over the past month, indicating continued demand for SOL.

The Solana blockchain has also seen strong network growth, with roughly 10.8 million new addresses added per day, and a peak of 12 million on September 11.