Solana Price Stuck at $75 Despite Strong Institutional Demand

Solana's price has been stuck around $75 despite strong institutional demand. The token's spot exchange-traded funds (ETFs) recorded their seventh consecutive week of inflows, with a net inflow of $10.26 million last week.

This indicates that investors are continuing to build exposure to Solana through regulated investment products. The uninterrupted flow of money into ETFs suggests that the token has room for recovery, but buyers still need to produce a convincing breakout before the broader outlook turns positive.

Solana's technical picture is showing early signs of recovery, with its momentum indicators improving modestly. However, the token remains below its key resistance areas, including the 100-day exponential moving average (EMA) at $78.10 and the 200-day EMA at $88.69.