Solana Eyes $250 on $390 Million+ ETF Inflows and Strong Network Fundamentals
Solana (SOL) is demonstrating renewed bullish momentum, trading above $141 with a 6% gain over the past 24 hours, as institutional adoption
Quick overview
- Solana is experiencing renewed positive momentum, trading above $141 with a 6% gain in the last 24 hours.
- Institutional adoption is accelerating with the launch of regulated ETFs by Fidelity and Canary Capital, attracting significant investment.
- Technical analysis indicates a potential V-shaped recovery for Solana, with a target of $250, representing an 80% gain from current levels.
- Market indicators show strengthening demand in both spot and futures markets, supported by increasing daily active addresses and transactions.
As institutional adoption speeds up through regulated ETF products and technical indicators imply a big price rebound may be on the horizon, Solana SOL/USD is showing renewed positive momentum. It is trading above $141 and has gained 6% in the last 24 hours.
Institutional Momentum Builds With Fidelity and Canary Capital Solana ETF Launches
This week, two big asset managers introduced regulated ETF products in the Solana investment space. This was a big step forward for institutional blockchain use. Fidelity’s FSOL started trading on NYSE Arca, and Canary Capital’s Canary Marinade Solana ETF (SOLC) started trading on Nasdaq. Both have new staking-enabled structures that let investors earn network incentives and see their prices go up at the same time.
CEO Steven McClurg says that the design of the Canary product, which uses Marinade Select, a high-efficiency validator platform, to give staking incentives to shareholders, gives people access to “what’s next for blockchain adoption: speed, efficiency, and a thriving community.” Fidelity’s offering stakes SOL through well-known custodians including Anchorage Digital Bank, BitGo Trust Company, and Coinbase Custody. You can stake up to 100% of your holdings, although this depends on how the service works.
These launches have led to huge amounts of money coming in, with US-based Solana ETFs seeing positive flows for the 15th day in a row. On Monday alone, there were $8.26 million in new money, bringing the total amount of money that has come in to $390 million and the total amount of net assets to more than $513 million. The debut of VanEck’s SOL ETF this week and the release of further products soon suggest that institutional demand will continue to grow.
SOL/USD Technical Analysis Points to V-Shaped Recovery and $250 Upside Target
After a 25% drop from $173 to about $130, Solana’s price action has made a strong V-shaped recovery pattern on the four-hour chart. Bulls fiercely held this important support level, which caused a dramatic reversal that moved the Relative Strength Index from oversold territory at 28 to a neutral 50, indicating that upward momentum is growing.
The immediate technical target is the neckline of the pattern, which is around $170, or 22% higher than where it is now. The weekly chart, on the other hand, shows that there is greater room for growth. In the past, the $130 level has been a springboard for huge rallies, such the 108% jump to $265 between September and November 2024 and the 98% jump to $250 from June to September 2025.
If history repeats itself, SOL’s recent rebound might continue toward $250, which would be an 80% gain from where it is now. The recent oversold RSI readings on lower timeframes, which have often come before big reversals, make this bullish scenario more believable.
Solana’s Derivatives and Spot Markets Signal Strengthening Demand
Market structure indications show that buyers are once again interested in both the spot and futures markets. Over the course of 24 hours, Solana’s futures open interest rose by 5% to $7.3 billion. Perpetual funding rates also became positive, reaching 0.0059%, which shows that traders are willing to pay extra for long exposure. Net taker volume has gone up because buyers are taking in supply at lower prices. The rising spot cumulative volume delta (CVD) shows that the recovery is based on real spot demand and not just speculative leverage, which is usually a better base for long-term rallies.
Network fundamentals back up the optimistic thesis even more. Nansen data shows that daily active addresses have gone up by 18% and daily transactions have gone up by 9.1% in the last 30 days. These numbers show that the ecosystem is really growing beyond just price speculation, which makes the long-term investment case stronger as Solana continues to be the leader in decentralized application income generating.
Solana seems ready to go back to its $200-$250 range, as long as the important $130 support level stays strong and the overall cryptocurrency market stays strong. This is because technical patterns are lining up, institutional funding is pouring, and network activity is growing.
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