Solana's Record ETF Inflows Put $125 Back in Play
Solana's spot price has been bolstered by record ETF inflows of approximately $188 million in net inflows, making it more likely that SOL will clear the $118 support level and attempt to break through resistance at $122.65-$124.95.
According to CoinDesk, all seven U.S. spot Solana ETF products recorded inflows, with Bitwise's BSOL accounting for about 68% of the total.
The bullish daily RSI reading of 64.0 is a strong indicator of positive momentum, while the underlying moving-average structure shows that the $118 area sits close to the reported 12-day EMA and is the first point at which the short-term trend structure faces a meaningful test.
However, momentum readings are less uniform, with DappRadar's daily assessment putting RSI (14) at 61.74 and classifying it as neutral, while listing MACD (12,26) at 5.44 with a bearish signal, which conflicts with the bullish moving-average picture.
To put $125 back in play for SOL, buyers need to defend the clustered support near $118 and overcome resistance stretching from $122.65 to $124.95.