Solana trades around $143.01, after institutional inflows and infrastructure upgrades

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Solana rises 0.70% today to $143.01

Highlights

VanEck filed its final Form 8-A with the SEC for a US spot Solana ETF and announced plans to stake SOL when permitted.
Bitwise launched the first US Solana staking ETF (BSOL) on the NYSE as global Solana ETF net inflows reached $369–$370 million in under two weeks.
Upexi announced a $50 million share buyback while Solana saw major infrastructure enhancements (Firedancer, ZK Compression v2) and new partnerships with Visa, R3, Fidelity, and Netcoins.

Institutional inflows and upgrades drive accumulation amid weakness

Solana has moved closer to a spot ETF launch in the US, with VanEck filing its final Form 8-A with the SEC and revealing plans to stake SOL when permitted. Bitwise listed the first US Solana staking ETF (BSOL) on the NYSE, while global Solana ETF net inflows have reached approximately $369–$370 million across nearly two weeks, affirming strong institutional interest. Corporate actions such as Upexi’s $50 million share buyback further underscore continued accumulation during recent market weakness. Notable infrastructure upgrades, including Firedancer and ZK Compression v2, were also introduced, alongside major partnerships spanning Visa, R3, Fidelity, and Netcoins.

Bearish momentum dominates as support levels hold and divergence builds

Momentum readings remain firmly bearish for SOL, with the MACD in negative territory and ADX confirming active selling. Immediate resistance is identified at the Ichimoku Kijun level of $170.57, and support sits near the $143.00 area. Oscillators such as RSI, Stoch RSI, CCI, and BBP all signal oversold conditions on the daily timeframe, though short-term charts show some overbought signals, highlighting a divergence. The Awesome Oscillator further confirms a prevailing downside trend.

Sideways trading forecast as downside risk remains elevated

Looking ahead, SOL is expected to trend sideways in the $129.00–$149.00 range over the coming week as oversold pressures stabilize. Persistent bearish signals from weekly indicators point to an over 80% likelihood of further declines. A material break below $129.00 support could trigger accelerated downside, while any reversal would require a decisive move above $170.00 — which is currently unlikely.

Viktoras Karapetjanc, Traders Union analyst, sees robust institutional interest and regulatory milestones as key positives for Solana. He notes that despite persistent technical weakness, accumulation by major players and infrastructure upgrades reflect underlying confidence. Macro sentiment remains constructive with impressive ETF inflows and high-profile partnerships. Any short-term upside will need to overcome strong resistance, but the foundation is being built for a longer-term reversal. "While volatility may persist, I remain optimistic on SOL’s medium-term prospects given the strong fundamentals and growing institutional momentum."

Previously it was noted that Solana experienced a decisive structure break as sellers took control of the market. The article reported that flows show $52.7M in outflows, contributing to an extended period of selling pressure.

Source of Data: SOL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.