Solana's Price Rally Hits Pause as Investors Weigh Demand and Resistance

Solana's recent price surge has cooled off, but the token remains above its key moving averages. After a 22% rally over two weeks, SOL dipped below $119 on Monday.

The modest pullback has not erased Solana's recent gains, and investors are weighing whether institutional inflows and growing activity on the network can sustain the rally.

Recent spot exchange-traded fund (ETF) flows indicate continued demand for Solana. Last week, SOL ETFs drew a combined $188.22 million, their second-highest weekly inflow since launch.

Solana has reported record levels of stablecoin supply and real-world assets on its network, with stablecoins reaching an all-time high of $17.3 billion and RWAs exceeding $4.6 billion across over 3,000 available assets.