Solana Surges Past $119 on Six Straight Weeks of ETF Inflows

Solana's price surged past $119 and reached as high as $122 for the first time since January. This upward momentum is largely attributed to six consecutive trading sessions of Spot ETF inflows, which have poured in a total of over $235.8 million since September 18th.

The recent influx of investment has helped SOL push through resistance and regain control for buyers. A positive Delta reading indicates that more SOL tokens are being bought than sold, while a negative Exchange Netflow suggests that more coins left exchanges than entered them, further supporting the buying pressure.

However, Solana's price still faces an immediate test at $120. If it fails to hold above this level, $115 could become a focus for buyers once again.