Solana Price Surges Amid 11-Day Consecutive ETF Inflows

Solana's price has been steadily increasing over the past two weeks, rising by approximately 35%. Despite a modest correction of around 3% in the last 24 hours, Solana's price remains near $99. The cryptocurrency successfully defended its support level at $100 throughout most of the trading session.

US-based Solana spot ETFs have seen consecutive net inflows for 11 days, with $10.9 million recorded on September 1. Cumulative ETF net inflows have surged to $1.35 billion, while total assets under management reach $1.39 billion. The derivatives trading volume for SOL increased by 22% to $9.43 billion.

The Relative Strength Index currently registers at 62.15, having retreated from previously overbought conditions. Market analyst Wealthmanager projects a long-term price objective of $250 contingent on support level maintenance.