Crypto
Solana Soars as Spot ETFs See Biggest Inflow in Three Months
Solana's price is compressing into an ascending triangle, according to analysts who see potential for token upside due to ETF-driven demand and DeFi activity.
The Solana spot ETFs recorded $8.8M in net inflows on August 11, the strongest daily inflow since May 12, with SOL trading at $75.87 holding the 0.382 Fibonacci level at $74.79.
Analyst Ali Charts flagged a Tom DeMark buy signal and MACD golden cross on SOL's daily chart, targeting a channel breakout to $100, which would represent a significant increase in value for the asset.