Will Solana price jump above $140 as spot SOL ETFs record $53M in inflows?

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Ah, Solana-riding on the tailwinds of institutional demand, inching ever so closer to the mystical $140 mark. With its steady pace, it’s like a tortoise in a race, but oh, the suspense! Will it leap above the $140 threshold? Or will it falter at the altar of resistance? Time will tell, and so will this thrilling market tale. ⏳

  • Our hero, SOL, is trading near a key resistance level. Yet, the spot and futures volumes seem to be caught in an eternal tug of war, showing mixed signals. Classic crypto drama.
  • Spot Solana ETFs have been collecting inflows like an enthusiastic shopper on Black Friday-$53 million on Nov. 25 alone. Total? A jaw-dropping $621 million. Talk about retail therapy, crypto-style!
  • Price is tightening between key trendlines, preparing for an explosive breakout. Eyes on the $140 mark-could it be the tipping point? Or just another page in the saga?

As of now, Solana sits comfortably near $139, a modest 1.4% rise in the last 24 hours. This move takes it to the upper echelons of its seven-day range, which spans from a humble $124.09 to a more heroic $144.01. Yet, let’s not forget that it’s still a tragic 31% down from the last month, and 52% below its former glory at $293. Ouch. 😬

In the world of spot volume, we see a dip-a 12.3% decrease to $4.92 billion, indicating that short-term players are retreating into the shadows. Meanwhile, derivatives are showing mixed activity. Futures volume has decreased by 1.17% to $18.34 billion, but open interest is holding steady at $7.13 billion. Traders seem to be sitting on their hands after the rollercoaster ride of recent weeks. 👀

Spot Solana ETFs Record Strong Inflows

Now, here’s where it gets interesting: institutional demand is roaring. Data from SoSoValue reveals that on Nov. 25, Solana ETFs raked in a cool $53.08 million in net inflows. Who’s leading this ETF parade? Bitwise’s BSOL, with a whopping $30.9 million. Not far behind are Grayscale’s GSOL with $15.9 million, Fidelity’s FSOL with $4.8 million, and VanEck’s VSOL, scraping by with $1.33 million. But hey, every little bit counts in this crypto circus!

What’s more, this streak of inflows is turning heads. For 21 consecutive days, Solana ETFs have seen inflows, breaking records as the longest uninterrupted streak for any major crypto ETF this year. Cumulative inflows? A staggering $621 million. No wonder Bitcoin and Ethereum products are feeling a bit… left out.

The ETF party doesn’t stop there. On Nov. 25, Franklin Templeton filed the necessary paperwork to launch the Franklin Solana ETF. This marks the final step before the launch, and the product may debut on NYSE Arca as early as Nov. 26. The excitement is palpable. 🥳

Raj Gokal, Solana’s co-founder, called this streak “greatly underappreciated.” But don’t worry, Raj, we’re paying attention now. This uninterrupted demand has built a steady base, even in the face of market downturns. Researchers at LVRG see these inflows as a “support floor,” keeping Solana’s price from crashing to lower depths. 📉

Solana Price Technical Analysis

And now, the technical analysis-a place where trendlines converge and traders gather like moths to a flame. Solana is currently squeezed between a descending trendline (the ghosts of October’s lower highs) and a rising support line that’s formed since mid-November. This tight range is a classic sign of something big brewing. Will it break free? Time to prepare for a fireworks show. 🎆

The $140 level is crucial. Traders are eyeing it like hawks. Why? Because it’s been both a support and resistance level for months. If Solana pushes through, we might see a price move toward $150, and perhaps even the elusive $160. But if it falters, watch out-the price could fall back to the $128-$130 range. The tension is palpable! 😱

Momentum indicators are giving us some hope, showing signs that Solana is pulling away from its recent weakness. The relative strength index (RSI) has bounced back from oversold levels, and there’s a bullish divergence forming. MACD and short-term moving averages are showing upward momentum too. Could this be the start of a rally? Or just another false dawn?

If Solana can hold above $140, we may see a surge toward $150 and beyond. But, if it slips below, the $118-$120 range might be back on the table. The price drama continues, and we’re all just here for the show. 🍿

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2025-11-26 12:37