Solana ETFs draw $31M amid outflows

Solana investment products recorded roughly $31 million in weekly inflows even as broader digital asset funds saw $173 million in net outflows for a fourth consecutive week.

The divergence highlights continued institutional interest in Solana through regulated ETF vehicles, despite persistent selling pressure in US-listed crypto funds and a broader risk-off environment.

SOL has remained locked in a tight consolidation range around $85, with price action oscillating between approximately $77 and $90 as traders await a decisive breakout.

Technical analysts view $92 as a critical resistance level, with a confirmed move above that threshold potentially opening the path toward $95 and $102, while failure to hold support near $82 could expose downside toward $76.50 or even $72.

Some models also point to a potential bearish flag pattern that could imply a 25% decline toward the mid-$60s if selling accelerates, though oversold momentum readings suggest exhaustion may be forming.

On-chain fundamentals remain constructive, with total value locked on the network reaching new highs and institutional experimentation expanding across the ecosystem.

While long-term projections remain divided, the resilience of ETF inflows amid sector-wide withdrawals suggests Solana continues to attract selective capital as investors position for a possible recovery.

At the time of reporting, Solana price was $85.04.